Atika Capital Management LLC Makes New Investment in Lemonade, Inc. $LMND

Key Points

• Atika Capital Management bought 69,000 shares of Lemonade (~$3.694M) in Q3, representing about 0.09% of the company, while institutional investors own roughly 80.3% of the stock.
• Lemonade reported Q results with EPS of ($0.29), beating estimates by $0.12 and revenue up 53.3% year‑over‑year, but remains unprofitable with negative ROE/net margin and analysts still forecasting -3.03 EPS for the fiscal year.
• Insiders sold 160,300 shares (~$14.8M) over the past three months (including CEO sales), and analyst coverage is mixed with a consensus "Hold" and an average price target of $68.75 while the stock trades near $54 (12‑month range $24.31–$99.90).

Atika Capital Management LLC purchased a new stake in Lemonade, Inc. (NYSE:LMND - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 69,000 shares of the company's stock, valued at approximately $3,694,000. Atika Capital Management LLC owned about 0.09% of Lemonade at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bayforest Capital Ltd acquired a new position in Lemonade in the third quarter worth approximately $25,000. Estabrook Capital Management bought a new stake in shares of Lemonade during the 2nd quarter worth $44,000. Tsfg LLC acquired a new position in shares of Lemonade in the 3rd quarter worth $54,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Lemonade by 30.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,034 shares of the company's stock worth $45,000 after acquiring an additional 243 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Lemonade during the first quarter worth $35,000. Institutional investors own 80.30% of the company's stock.

Lemonade Stock Down 2.5%

Shares of Lemonade stock opened at $54.06 on Thursday. Lemonade, Inc. has a 12 month low of $24.31 and a 12 month high of $99.90. The stock has a market cap of $4.13 billion, a PE ratio of -23.92 and a beta of 2.12. The business has a fifty day simple moving average of $71.20 and a 200-day simple moving average of $66.21.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.During the same quarter last year, the business earned ($0.42) EPS. The firm's revenue was up 53.3% compared to the same quarter last year. Analysts expect that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Lemonade news, insider John Sheldon Peters sold 3,571 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $52.50, for a total value of $187,477.50. Following the transaction, the insider owned 76,729 shares in the company, valued at approximately $4,028,272.50. This represents a 4.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel A. Schreiber sold 9,108 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $99.04, for a total transaction of $902,056.32. Following the completion of the sale, the chief executive officer owned 1,514,426 shares of the company's stock, valued at approximately $149,988,751.04. The trade was a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,300 shares of company stock valued at $14,796,026 over the last three months. 14.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lemonade in a report on Thursday, January 22nd. Cantor Fitzgerald boosted their price objective on Lemonade from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, January 14th. Citizens Jmp set a $80.00 price objective on shares of Lemonade in a research note on Monday, November 24th. Wolfe Research set a $44.00 target price on shares of Lemonade in a report on Tuesday, February 24th. Finally, Truist Financial started coverage on shares of Lemonade in a research report on Tuesday, January 6th. They issued a "buy" rating and a $98.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $68.75.

Lemonade Company Profile

Lemonade, Inc NYSE: LMND is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company's product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.

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