Lemonade, Inc. $LMND Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC has reduced its holdings in Lemonade, Inc. by 73.2%, selling 39,335 shares, and now holds 14,372 shares valued at $452,000.
• Lemonade reported a better-than-expected quarterly earnings with EPS of ($0.60), surpassing estimates and showing a 34.5% year-over-year revenue growth.
• A variety of analysts have adjusted their ratings on Lemonade, with BMO Capital Markets lowering its target to $42, while Cantor Fitzgerald upgraded it to a "strong-buy" rating.

Algert Global LLC lowered its stake in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 73.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,372 shares of the company's stock after selling 39,335 shares during the quarter. Algert Global LLC's holdings in Lemonade were worth $452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LMND. Quarry LP lifted its position in shares of Lemonade by 300.4% during the 4th quarter. Quarry LP now owns 933 shares of the company's stock valued at $34,000 after acquiring an additional 700 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Lemonade during the 1st quarter valued at approximately $41,000. Russell Investments Group Ltd. lifted its position in shares of Lemonade by 318.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company's stock valued at $42,000 after acquiring an additional 867 shares during the period. BNP Paribas acquired a new stake in shares of Lemonade during the 4th quarter valued at approximately $57,000. Finally, US Bancorp DE raised its position in shares of Lemonade by 28.3% during the 1st quarter. US Bancorp DE now owns 2,406 shares of the company's stock worth $76,000 after purchasing an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

LMND has been the subject of several research reports. BMO Capital Markets lifted their price objective on Lemonade from $23.00 to $42.00 and gave the stock an "underperform" rating in a research report on Monday, August 18th. Cantor Fitzgerald upgraded Lemonade to a "strong-buy" rating in a report on Wednesday, August 13th. Piper Sandler reiterated a "neutral" rating and issued a $55.00 price target on shares of Lemonade in a report on Thursday, August 14th. Wall Street Zen upgraded Lemonade from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $26.00 price target (up from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $40.43.

Lemonade Stock Up 0.2%

Shares of NYSE LMND traded up $0.12 during trading on Friday, hitting $53.48. 956,705 shares of the company traded hands, compared to its average volume of 2,331,580. Lemonade, Inc. has a 1 year low of $15.27 and a 1 year high of $60.41. The company has a 50-day moving average price of $45.72 and a 200-day moving average price of $37.37. The firm has a market capitalization of $3.95 billion, a P/E ratio of -18.91 and a beta of 2.19.

Lemonade (NYSE:LMND - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.81) by $0.21. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. The company had revenue of $164.10 million during the quarter, compared to analysts' expectations of $160.88 million. During the same period in the previous year, the company earned ($0.81) EPS. The business's quarterly revenue was up 34.5% compared to the same quarter last year. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Insider Transactions at Lemonade

In other Lemonade news, COO Adina Eckstein sold 5,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. Following the completion of the transaction, the chief operating officer directly owned 189,653 shares of the company's stock, valued at $9,292,997. This represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Sheldon Peters sold 6,543 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $45.00, for a total transaction of $294,435.00. Following the completion of the transaction, the insider directly owned 106,115 shares of the company's stock, valued at approximately $4,775,175. The trade was a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,289 shares of company stock valued at $825,982. 14.70% of the stock is currently owned by corporate insiders.

Lemonade Company Profile

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.