Jump Financial LLC Raises Stock Position in Lemonade, Inc. $LMND

Key Points

• Jump Financial LLC significantly increased its stake in Lemonade, Inc., boosting its holdings by 1,613.4% to a total of 124,807 shares valued at approximately $3.92 million.
• Major institutional investors like Vanguard Group Inc. and others have also raised their positions in Lemonade, with institutional ownership at about 80.30%.
• Analysts have mixed opinions on Lemonade, with a consensus rating of "Reduce" and a target price averaging $40.43, despite some upgrades to "strong-buy" from certain brokerages.

Jump Financial LLC raised its position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 1,613.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,807 shares of the company's stock after acquiring an additional 117,523 shares during the quarter. Jump Financial LLC owned approximately 0.17% of Lemonade worth $3,923,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Lemonade by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company's stock worth $192,931,000 after purchasing an additional 794,952 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Lemonade in the 4th quarter worth approximately $22,066,000. Voloridge Investment Management LLC bought a new stake in shares of Lemonade in the 4th quarter worth approximately $21,310,000. Two Sigma Advisers LP bought a new stake in shares of Lemonade in the 4th quarter worth approximately $15,412,000. Finally, Analyst IMS Investment Management Services Ltd. bought a new stake in shares of Lemonade in the 1st quarter worth approximately $9,944,000. 80.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Lemonade

In other news, COO Adina Eckstein sold 5,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $49.00, for a total value of $245,000.00. Following the completion of the sale, the chief operating officer directly owned 189,653 shares in the company, valued at $9,292,997. This represents a 2.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Sheldon Peters sold 6,543 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $45.00, for a total value of $294,435.00. Following the completion of the sale, the insider owned 106,115 shares of the company's stock, valued at $4,775,175. The trade was a 5.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,289 shares of company stock valued at $825,982 over the last 90 days. 14.70% of the stock is currently owned by company insiders.

Lemonade Stock Down 0.8%

LMND traded down $0.45 during mid-day trading on Friday, reaching $52.91. 1,500,324 shares of the company traded hands, compared to its average volume of 2,335,058. The stock has a market capitalization of $3.91 billion, a P/E ratio of -18.70 and a beta of 2.19. The company's fifty day moving average price is $45.72 and its 200-day moving average price is $37.37. Lemonade, Inc. has a 52-week low of $15.27 and a 52-week high of $60.41.

Lemonade (NYSE:LMND - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.60) earnings per share for the quarter, beating analysts' consensus estimates of ($0.81) by $0.21. The business had revenue of $164.10 million during the quarter, compared to analyst estimates of $160.88 million. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. 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 earned ($0.81) EPS. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LMND has been the topic of several analyst reports. Piper Sandler reaffirmed a "neutral" rating and issued a $55.00 price objective on shares of Lemonade in a research report on Thursday, August 14th. Cantor Fitzgerald raised Lemonade to a "strong-buy" rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $26.00 price objective (up from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. BMO Capital Markets upped their price objective on Lemonade from $23.00 to $42.00 and gave the company an "underperform" rating in a research report on Monday, August 18th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Lemonade in a research report on Monday, August 18th. One investment 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. Based on data from MarketBeat, Lemonade presently has an average rating of "Reduce" and a consensus price target of $40.43.

Lemonade Company 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.