Deutsche Bank AG Takes Position in Lemonade, Inc. $LMND

Key Points

• Deutsche Bank acquired 78,065 Lemonade shares in the second quarter, valued at approximately $5.08 million, giving it a 0.10% stake. Institutional investors collectively own 80.30% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $64.50; ratings include four Buys, four Holds, and one Sell.
• Lemonade reported quarterly revenue of $294.4 million, up 79.4% year over year, while matching expectations with a loss of $0.56 per share. The stock opened at $53.78, well below its 12-month high of $99.90.

Deutsche Bank AG acquired a new stake in shares of Lemonade, Inc. (NYSE:LMND - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 78,065 shares of the company's stock, valued at approximately $5,078,000. Deutsche Bank AG owned about 0.10% of Lemonade as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMND. Caitong International Asset Management Co. Ltd grew its position in Lemonade by 8,080.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company's stock worth $29,000 after purchasing an additional 404 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Lemonade during the 4th quarter valued at $33,000. Torren Management LLC bought a new position in shares of Lemonade during the 4th quarter valued at $35,000. NewEdge Advisors LLC bought a new position in shares of Lemonade during the 1st quarter valued at $35,000. Finally, Strive Financial Group LLC purchased a new position in shares of Lemonade in the 4th quarter worth $38,000. Institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LMND shares. Keefe, Bruyette & Woods raised Lemonade from an "underperform" rating to a "market perform" rating and set a $48.00 price objective for the company in a report on Thursday, July 30th. Morgan Stanley dropped their target price on Lemonade from $65.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 19th. Truist Financial cut their price target on Lemonade from $98.00 to $70.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. UBS Group set a $75.00 price target on shares of Lemonade in a research report on Thursday, May 21st. Finally, Citizens Jmp lowered their price objective on shares of Lemonade from $85.00 to $80.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $64.50.

Lemonade Trading Up 0.8%

Shares of LMND opened at $53.78 on Tuesday. The business's 50 day moving average is $59.86 and its 200 day moving average is $59.65. The company has a market capitalization of $4.16 billion, a PE ratio of -29.39 and a beta of 1.84. Lemonade, Inc. has a 12-month low of $46.16 and a 12-month high of $99.90.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.56) earnings per share for the quarter, hitting the consensus estimate of ($0.56). Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The business had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. During the same period in the prior year, the company posted ($0.60) EPS. The firm's revenue for the quarter was up 79.4% compared to the same quarter last year. Equities research analysts predict that Lemonade, Inc. will post -1.85 earnings per share for the current year.

Insider Buying and Selling at Lemonade

In related news, insider Maya Prosor sold 1,220 shares of the firm's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $64,867.40. Following the completion of the transaction, the insider directly owned 187,573 shares of the company's stock, valued at approximately $9,973,256.41. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Sheldon Peters sold 11,000 shares of Lemonade stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $52.55, for a total transaction of $578,050.00. Following the completion of the sale, the insider owned 76,942 shares in the company, valued at approximately $4,043,302.10. This represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,007 shares of company stock worth $1,198,251 in the last three months. Insiders own 12.20% of the company's stock.

Lemonade 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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