Lemonade, Inc. $LMND Shares Purchased by Vanguard Group Inc.

Key Points

• The Vanguard Group Inc. increased its stake in Lemonade, Inc. by 14.9% in Q1, now owning 8.38% of the company, valued at approximately $192.9 million.
• Institutional investors collectively own 80.30% of Lemonade's stock, with other notable increases from Halter Ferguson Financial Inc. and GSA Capital Partners LLP in the same period.
• Insider sales included COO Adina Eckstein selling 5,000 shares for $245,000, resulting in a 2.57% decrease in her ownership stake.

Vanguard Group Inc. raised its holdings in Lemonade, Inc. (NYSE:LMND - Free Report) by 14.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,138,444 shares of the company's stock after purchasing an additional 794,952 shares during the quarter. Vanguard Group Inc. owned about 8.38% of Lemonade worth $192,931,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Halter Ferguson Financial Inc. increased its stake in Lemonade by 62.8% in the first quarter. Halter Ferguson Financial Inc. now owns 476,764 shares of the company's stock valued at $14,985,000 after purchasing an additional 183,974 shares during the period. Blueshift Asset Management LLC purchased a new stake in Lemonade during the first quarter worth about $2,326,000. US Bancorp DE boosted its holdings in Lemonade by 28.3% during the first quarter. US Bancorp DE now owns 2,406 shares of the company's stock worth $76,000 after buying an additional 531 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Lemonade by 43.3% during the first quarter. GSA Capital Partners LLP now owns 51,195 shares of the company's stock worth $1,609,000 after buying an additional 15,458 shares in the last quarter. Finally, BG Investment Services Inc. purchased a new stake in Lemonade during the first quarter worth about $817,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Lemonade Price Performance

Shares of NYSE LMND traded up $0.5580 on Friday, hitting $56.6580. The company's stock had a trading volume of 2,144,706 shares, compared to its average volume of 3,570,149. Lemonade, Inc. has a 12-month low of $15.27 and a 12-month high of $60.41. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of -20.02 and a beta of 2.19. The stock has a 50 day moving average of $44.65 and a 200-day moving average of $36.91.

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

Analyst Ratings Changes

A number of analysts recently commented on LMND shares. Morgan Stanley reissued an "underweight" rating on shares of Lemonade in a report on Monday, August 18th. Piper Sandler reissued a "neutral" rating and set a $55.00 price objective on shares of Lemonade in a report on Thursday, August 14th. Cantor Fitzgerald raised shares of Lemonade to a "strong-buy" rating in a report on Wednesday, August 13th. BMO Capital Markets boosted their price objective on shares of Lemonade from $23.00 to $42.00 and gave the stock an "underperform" rating in a report on Monday, August 18th. Finally, Wall Street Zen raised shares of Lemonade from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $40.43.

Insider Buying and Selling

In other news, insider John Sheldon Peters sold 6,543 shares of the business's stock in a transaction that occurred 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 owned 106,115 shares of the company's stock, valued at $4,775,175. The trade was a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 completion of the transaction, the chief operating officer directly owned 189,653 shares of the company's stock, valued at approximately $9,292,997. This represents a 2.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,289 shares of company stock valued at $825,982. Company insiders own 14.70% of the company's stock.

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.