Lemonade, Inc. $LMND is Halter Ferguson Financial Inc.'s 4th Largest Position

Key Points

• Halter Ferguson Financial Inc. reduced its holdings in Lemonade, Inc. by 40%, owning 286,103 shares worth approximately $12.53 million, which accounts for 4.4% of its total holdings.
• Insider selling occurred with key executives, including COO Adina Eckstein and John Sheldon Peters, reducing their stakes in Lemonade as well.
• Lemonade's stock recently saw a 6.7% increase and has a market cap of $4.52 billion, with varied analyst ratings from "Strong Buy" to "Sell."

Halter Ferguson Financial Inc. cut its holdings in Lemonade, Inc. (NYSE:LMND - Free Report) by 40.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,103 shares of the company's stock after selling 190,661 shares during the period. Lemonade accounts for 4.4% of Halter Ferguson Financial Inc.'s investment portfolio, making the stock its 4th biggest position. Halter Ferguson Financial Inc. owned approximately 0.39% of Lemonade worth $12,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LMND. SVB Wealth LLC bought a new position in Lemonade in the 1st quarter valued at $26,000. NewEdge Advisors LLC bought a new position in Lemonade in the 1st quarter valued at $35,000. Hollencrest Capital Management bought a new position in Lemonade in the 1st quarter valued at $41,000. State of Wyoming bought a new position in Lemonade in the 1st quarter valued at $49,000. Finally, US Bancorp DE boosted its holdings in Lemonade by 28.3% in the 1st quarter. US Bancorp DE now owns 2,406 shares of the company's stock valued at $76,000 after purchasing an additional 531 shares during the period. 80.30% of the stock is owned by institutional investors.

Lemonade Price Performance

NYSE:LMND traded down $0.87 during mid-day trading on Tuesday, hitting $58.81. 2,075,753 shares of the company's stock were exchanged, compared to its average volume of 2,332,149. The company has a market cap of $4.35 billion, a PE ratio of -20.78 and a beta of 2.27. Lemonade, Inc. has a one year low of $15.27 and a one year high of $62.00. The business has a fifty day moving average price of $49.61 and a 200 day moving average price of $39.61.

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

Insider Activity

In other Lemonade news, insider John Sheldon Peters sold 2,718 shares of Lemonade stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total value of $136,824.12. Following the completion of the transaction, the insider directly owned 102,397 shares of the company's stock, valued at approximately $5,154,664.98. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adina Eckstein sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total transaction of $245,000.00. Following the transaction, the chief operating officer directly owned 189,653 shares of the company's stock, valued at $9,292,997. The trade was a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock valued at $396,020 over the last ninety days. Corporate insiders own 12.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley reissued an "underweight" rating on shares of Lemonade in a report on Monday, August 18th. Keefe, Bruyette & Woods restated an "underperform" rating and set a $26.00 price objective (up previously from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. Wall Street Zen upgraded shares of Lemonade from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. BMO Capital Markets lifted their target price on shares of Lemonade from $23.00 to $42.00 and gave the stock an "underperform" rating in a research report on Monday, August 18th. Finally, Piper Sandler lifted their target price on shares of Lemonade from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Lemonade presently has an average rating of "Reduce" and a consensus target price of $41.14.

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.