Lemonade, Inc. $LMND Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its shares in Lemonade, Inc. by 2.5% in Q1, holding a total of 548,611 shares valued at approximately $17.2 million.
• Insider selling activities were noted, with COO Adina Eckstein and another insider selling shares, indicating a 2.57% and 5.81% decrease in their holdings, respectively.
• Analysts have mixed opinions on Lemonade, with ratings ranging from "strong-buy" to "sell," and a consensus target price set at $40.43.

Northern Trust Corp reduced its position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 548,611 shares of the company's stock after selling 13,891 shares during the period. Northern Trust Corp owned 0.75% of Lemonade worth $17,243,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Lemonade by 7.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 31,000 shares of the company's stock valued at $1,137,000 after buying an additional 2,209 shares during the period. GAMMA Investing LLC grew its position in Lemonade by 35,901.8% in the first quarter. GAMMA Investing LLC now owns 19,801 shares of the company's stock worth $630,000 after acquiring an additional 19,746 shares during the period. Halter Ferguson Financial Inc. increased its stake in Lemonade by 62.8% during the first quarter. Halter Ferguson Financial Inc. now owns 476,764 shares of the company's stock worth $14,985,000 after acquiring an additional 183,974 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Lemonade by 3.6% in the first quarter. Nisa Investment Advisors LLC now owns 11,020 shares of the company's stock valued at $346,000 after purchasing an additional 380 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Lemonade by 492.6% in the 4th quarter. Deutsche Bank AG now owns 182,081 shares of the company's stock valued at $6,679,000 after purchasing an additional 151,357 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lemonade

In other Lemonade news, COO Adina Eckstein sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $49.00, for a total transaction of $245,000.00. Following the completion of the sale, the chief operating officer directly owned 189,653 shares of the company's stock, valued at approximately $9,292,997. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Sheldon Peters sold 6,543 shares of the 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 $4,775,175. This represents a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,543 shares of company stock valued at $764,435. Company insiders own 12.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LMND. Piper Sandler reiterated a "neutral" rating and set a $55.00 price target on shares of Lemonade in a research report on Thursday, August 14th. Wall Street Zen upgraded shares of Lemonade from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley reissued an "underweight" rating on shares of Lemonade in a research report on Monday, August 18th. Keefe, Bruyette & Woods restated an "underperform" rating and set a $26.00 price target (up from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. Finally, Cantor Fitzgerald upgraded 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 company. Based on data from MarketBeat, Lemonade currently has an average rating of "Reduce" and a consensus target price of $40.43.

Lemonade Trading Down 2.1%

Lemonade stock opened at $51.79 on Wednesday. The firm has a market capitalization of $3.83 billion, a P/E ratio of -18.30 and a beta of 2.28. Lemonade, Inc. has a twelve month low of $15.27 and a twelve month high of $60.41. The stock's fifty day simple moving average is $46.17 and its 200-day simple moving average is $37.76.

Lemonade (NYSE:LMND - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.60) earnings per share (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 firm had revenue of $164.10 million during the quarter, compared to analyst estimates of $160.88 million. During the same period last year, the business posted ($0.81) earnings per share. Lemonade's revenue 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 predict that Lemonade, Inc. will post -3.03 earnings per share for the current year.

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.

Want to see what other hedge funds are holding LMND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lemonade, Inc. (NYSE:LMND - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.