Landscape Capital Management L.L.C. Acquires 99,548 Shares of Lemonade, Inc. $LMND

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in Lemonade, Inc. by 803.9% in Q1, now owning approximately 111,931 shares valued at $3.5 million.
• Analysts have mixed ratings for Lemonade, with one upgrade to "strong-buy" and a consensus rating of "Reduce," along with a price target averaging $40.43.
• Insider transactions reveal notable sales, including COO Adina Eckstein selling 5,000 shares at an average price of $49.00, indicating a decrease in insider ownership.

Landscape Capital Management L.L.C. boosted its position in Lemonade, Inc. (NYSE:LMND - Free Report) by 803.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,931 shares of the company's stock after purchasing an additional 99,548 shares during the period. Landscape Capital Management L.L.C. owned about 0.15% of Lemonade worth $3,518,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LMND. Vanguard Group Inc. lifted its stake in Lemonade by 14.9% in the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company's stock valued at $192,931,000 after purchasing an additional 794,952 shares during the last quarter. Two Sigma Investments LP purchased a new position in Lemonade in the fourth quarter valued at approximately $22,066,000. Voloridge Investment Management LLC purchased a new stake in shares of Lemonade during the fourth quarter worth $21,310,000. Two Sigma Advisers LP purchased a new stake in shares of Lemonade during the fourth quarter worth $15,412,000. Finally, Analyst IMS Investment Management Services Ltd. purchased a new stake in shares of Lemonade during the first quarter worth $9,944,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

Lemonade Trading Down 0.8%

Shares of Lemonade stock traded down $0.45 during trading on Friday, hitting $52.91. The stock had a trading volume of 1,500,324 shares, compared to its average volume of 3,489,075. 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 12 month low of $15.27 and a 12 month high of $60.41. The business's 50-day moving average is $45.90 and its 200 day moving average is $37.54.

Lemonade (NYSE:LMND - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.60) EPS for the quarter, beating 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 analysts' expectations of $160.88 million. During the same quarter in the prior year, the firm earned ($0.81) earnings per share. The firm's revenue was up 34.5% on a year-over-year basis. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Lemonade, Inc. will post -3.03 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Cantor Fitzgerald upgraded Lemonade to a "strong-buy" rating in a research report on Wednesday, August 13th. Piper Sandler restated a "neutral" rating and set a $55.00 target price on shares of Lemonade in a research report on Thursday, August 14th. Keefe, Bruyette & Woods restated an "underperform" rating and set a $26.00 target price (up previously from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. Wall Street Zen upgraded Lemonade from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets increased their target price on Lemonade from $23.00 to $42.00 and gave the stock an "underperform" rating in a research 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 issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $40.43.

Insider Transactions at Lemonade

In other news, insider John Sheldon Peters sold 6,543 shares of the firm'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 transaction, the insider directly owned 106,115 shares of the company's stock, valued at approximately $4,775,175. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Adina Eckstein sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. Following the transaction, the chief operating officer directly owned 189,653 shares in the company, valued at $9,292,997. This trade represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,289 shares of company stock worth $825,982 over the last ninety days. Insiders own 14.70% of the company's stock.

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.