Lemonade, Inc. $LMND Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors cut its Lemonade stake by 74.9% in the first quarter, selling 58,755 shares and retaining 19,656 shares valued at approximately $1.23 million. Institutional investors collectively own 80.30% of LMND.
• Lemonade reported quarterly revenue of $294.4 million, up 79.4% year over year, while adjusted EPS of -$0.56 matched analyst expectations. The company remains unprofitable, with a negative net margin of 14.19%.
• LMND shares opened at $52.77, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $64.11, while insiders have sold $620,201 worth of shares over the past three months.

Dimensional Fund Advisors LP lessened its stake in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 74.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,656 shares of the company's stock after selling 58,755 shares during the period. Dimensional Fund Advisors LP's holdings in Lemonade were worth $1,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in Lemonade by 8,080.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company's stock worth $29,000 after purchasing an additional 404 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Lemonade in the 4th quarter valued at about $33,000. Torren Management LLC purchased a new position in Lemonade in the fourth quarter valued at $35,000. NewEdge Advisors LLC acquired a new stake in Lemonade in the first quarter valued at $35,000. Finally, Strive Financial Group LLC acquired a new stake in Lemonade in the fourth quarter valued at $38,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lemonade

In other news, insider Maya Prosor sold 1,220 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $64,867.40. Following the completion of the transaction, the insider owned 187,573 shares in the company, valued at approximately $9,973,256.41. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Sheldon Peters sold 3,444 shares of Lemonade stock in a transaction on Monday, July 6th. The stock was sold at an average price of $79.00, for a total value of $272,076.00. Following the completion of the transaction, the insider owned 77,942 shares in the company, valued at $6,157,418. The trade was a 4.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,007 shares of company stock worth $620,201. 12.20% of the stock is owned by corporate insiders.

Lemonade Trading Down 0.4%

LMND stock opened at $52.77 on Friday. The stock's 50 day simple moving average is $60.43 and its 200 day simple moving average is $61.34. Lemonade, Inc. has a 12-month low of $46.16 and a 12-month high of $99.90. The firm has a market cap of $4.08 billion, a P/E ratio of -28.84 and a beta of 1.84.

Lemonade (NYSE:LMND - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.56) EPS for the quarter, meeting the consensus estimate of ($0.56). Lemonade had a negative net margin of 14.19% and a negative return on equity of 26.78%. The business had revenue of $294.40 million during the quarter, compared to analyst estimates of $291.01 million. During the same period in the previous year, the business posted ($0.60) EPS. The company's quarterly revenue was up 79.4% on a year-over-year basis. On average, research analysts forecast that Lemonade, Inc. will post -1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LMND. Morgan Stanley restated an "equal weight" rating and set a $75.00 price objective on shares of Lemonade in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods raised shares of Lemonade from an "underperform" rating to a "market perform" rating and set a $48.00 target price on the stock in a research report on Thursday, July 30th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Lemonade in a research note on Tuesday, May 26th. Piper Sandler decreased their price objective on Lemonade from $75.00 to $51.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Finally, Truist Financial lowered their target price on shares of Lemonade from $98.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $64.11.

About Lemonade

Lemonade, Inc NYSE: LMND is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company's product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.

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