Charles Schwab Investment Management Inc. Reduces Stock Position in Lemonade, Inc. $LMND

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Lemonade, Inc. by 2.2%, holding 442,238 shares worth approximately $13.9 million after selling 9,926 shares in Q1.
• Recent insider activity included sales by COO Adina Eckstein and another executive, totaling 18,289 shares valued at approximately $826,000 in the last three months.
• Lemonade reported a 34.5% increase in quarterly revenue, reaching $164.1 million, despite reporting negative earnings per share of ($0.60).

Charles Schwab Investment Management Inc. decreased its position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 442,238 shares of the company's stock after selling 9,926 shares during the period. Charles Schwab Investment Management Inc. owned 0.60% of Lemonade worth $13,900,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Quarry LP grew its position in shares of Lemonade by 300.4% during the fourth quarter. Quarry LP now owns 933 shares of the company's stock worth $34,000 after acquiring an additional 700 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of Lemonade during the first quarter worth approximately $41,000. Russell Investments Group Ltd. grew its position in shares of Lemonade by 318.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,139 shares of the company's stock worth $42,000 after acquiring an additional 867 shares during the last quarter. BNP Paribas purchased a new position in shares of Lemonade during the fourth quarter worth approximately $57,000. Finally, US Bancorp DE grew its position in shares of 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 acquiring an additional 531 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LMND. BMO Capital Markets upped their price target on Lemonade from $23.00 to $42.00 and gave the stock an "underperform" rating in a research note on Monday, August 18th. Piper Sandler restated a "neutral" rating and set a $55.00 price target on shares of Lemonade in a research note on Thursday, August 14th. Morgan Stanley restated an "underweight" rating on shares of Lemonade in a research note on Monday, August 18th. Wall Street Zen raised Lemonade from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Cantor Fitzgerald raised Lemonade to a "strong-buy" rating in a report on Wednesday, August 13th. 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 data from MarketBeat.com, Lemonade presently has an average rating of "Reduce" and an average price target of $40.43.

Lemonade Price Performance

Lemonade stock traded up $0.11 during trading hours on Thursday, hitting $54.08. The stock had a trading volume of 788,494 shares, compared to its average volume of 2,336,262. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -19.11 and a beta of 2.19. Lemonade, Inc. has a 1-year low of $15.27 and a 1-year high of $60.41. The stock's fifty day moving average is $45.47 and its two-hundred day moving average is $37.26.

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, 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 analyst estimates of $160.88 million. During the same quarter last year, the company earned ($0.81) earnings per share. The business'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. As a group, sell-side analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current year.

Insider Transactions at Lemonade

In other news, COO Adina Eckstein sold 5,000 shares of Lemonade stock in a transaction dated Tuesday, August 5th. The stock was 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 of the company's stock, valued at $9,292,997. The trade was 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 Lemonade stock in a transaction dated 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 $4,775,175. This represents a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,289 shares of company stock worth $825,982. 14.70% of the stock is owned by corporate insiders.

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.