Caxton Associates LLP Acquires New Holdings in Lemonade, Inc. $LMND

Key Points

• Caxton Associates LLP has established a new position in Lemonade, Inc. with an investment of approximately $1.46 million, acquiring 46,284 shares, representing about 0.06% ownership.
• Other major institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also increased their stakes in Lemonade during the 1st quarter, indicating strong institutional confidence.
• Lemonade recently reported better-than-expected quarterly earnings, with a revenue of $164.1 million, surpassing analyst expectations, and had a year-over-year revenue growth of 34.5%.

Caxton Associates LLP bought a new stake in Lemonade, Inc. (NYSE:LMND - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 46,284 shares of the company's stock, valued at approximately $1,455,000. Caxton Associates LLP owned approximately 0.06% of Lemonade as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Lemonade by 7.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 31,000 shares of the company's stock valued at $1,137,000 after purchasing an additional 2,209 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Lemonade in the first quarter valued at about $416,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Lemonade in the first quarter valued at about $638,000. GAMMA Investing LLC raised its holdings in shares of Lemonade by 35,901.8% in the first quarter. GAMMA Investing LLC now owns 19,801 shares of the company's stock valued at $630,000 after buying an additional 19,746 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Lemonade by 23.7% in the fourth quarter. Northern Trust Corp now owns 562,502 shares of the company's stock valued at $20,633,000 after buying an additional 107,592 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Lemonade Stock Performance

NYSE:LMND traded up $2.12 on Friday, hitting $52.54. 2,188,830 shares of the stock were exchanged, compared to its average volume of 1,880,569. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of -18.57 and a beta of 2.28. Lemonade, Inc. has a 52 week low of $15.27 and a 52 week high of $60.41. The company's 50-day moving average price is $47.55 and its 200 day moving average price is $38.67.

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

Insider Activity

In other news, insider John Sheldon Peters sold 6,543 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was 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 in the company, valued at approximately $4,775,175. The trade was a 5.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adina Eckstein sold 5,000 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the chief operating officer owned 189,653 shares of the company's stock, valued at $8,534,385. The trade was a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,543 shares of company stock valued at $915,455 over the last 90 days. Corporate insiders own 14.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LMND. Wall Street Zen raised Lemonade from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Piper Sandler reaffirmed a "neutral" rating and issued a $55.00 price target on shares of Lemonade in a report on Thursday, August 14th. Keefe, Bruyette & Woods reaffirmed 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. Cantor Fitzgerald raised Lemonade to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Morgan Stanley reissued an "underweight" rating on shares of Lemonade in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $40.43.

Lemonade 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.