Invesco Ltd. Has $4.63 Million Stock Position in Lemonade, Inc. $LMND

Key Points

• Invesco Ltd. significantly increased its stake in Lemonade, Inc. by acquiring 70,601 shares during the 1st quarter, raising its total ownership to 147,319 shares valued at approximately $4.63 million.
• Lemonade's stock is currently trading at $53.28, with a twelve-month trading range between $15.27 and $60.41, and the company reported a revenue increase of 34.5% year-over-year.
• Analyst ratings for Lemonade are mixed, with an average "Reduce" rating among research firms, and projections suggesting a negative earnings outlook for the current fiscal year.

Invesco Ltd. boosted its stake in Lemonade, Inc. (NYSE:LMND - Free Report) by 92.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,319 shares of the company's stock after purchasing an additional 70,601 shares during the period. Invesco Ltd. owned approximately 0.20% of Lemonade worth $4,630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Lemonade by 14.9% in the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company's stock worth $192,931,000 after buying an additional 794,952 shares during the period. Halter Ferguson Financial Inc. lifted its position in Lemonade by 62.8% during the 1st quarter. Halter Ferguson Financial Inc. now owns 476,764 shares of the company's stock worth $14,985,000 after acquiring an additional 183,974 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in Lemonade during the 1st quarter worth approximately $2,326,000. US Bancorp DE lifted its position in 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 acquiring an additional 531 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in Lemonade by 43.3% during the 1st quarter. GSA Capital Partners LLP now owns 51,195 shares of the company's stock worth $1,609,000 after acquiring an additional 15,458 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Insider Buying and Selling

In other news, COO Adina Eckstein sold 5,000 shares of the company'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 in the company, valued at approximately $9,292,997. This represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Sheldon Peters sold 6,543 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $45.00, for a total value 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. This trade represents a 5.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,289 shares of company stock worth $825,982. 14.70% of the stock is owned by corporate insiders.

Lemonade Stock Performance

Shares of Lemonade stock traded down $0.45 during trading on Friday, reaching $52.91. The company's stock had a trading volume of 1,500,324 shares, compared to its average volume of 3,489,075. The business's fifty day moving average price is $45.90 and its 200-day moving average price is $37.54. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -18.70 and a beta of 2.19. Lemonade, Inc. has a one year low of $15.27 and a one year high of $60.41.

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

Analysts Set New Price Targets

Several research firms recently commented on LMND. BMO Capital Markets boosted their price target 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 raised Lemonade to a "strong-buy" rating in a report on Wednesday, August 13th. Piper Sandler reissued a "neutral" rating and issued a $55.00 price target on shares of Lemonade in a report on Thursday, August 14th. Wall Street Zen raised Lemonade from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $26.00 price target (up previously 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 company. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $40.43.

About Lemonade

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.