Squarepoint Ops LLC Trims Stock Holdings in Lemonade, Inc. $LMND

Squarepoint Ops LLC lowered its stake in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 74.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,307 shares of the company's stock after selling 667,810 shares during the period. Squarepoint Ops LLC owned 0.29% of Lemonade worth $14,591,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Baird Financial Group Inc. purchased a new position in shares of Lemonade in the second quarter valued at $3,529,000. Arizona State Retirement System lifted its holdings in Lemonade by 3.7% during the 2nd quarter. Arizona State Retirement System now owns 17,915 shares of the company's stock worth $1,165,000 after purchasing an additional 646 shares in the last quarter. Nykredit A S bought a new position in Lemonade in the 2nd quarter worth about $156,000. Corient Private Wealth LP boosted its stake in Lemonade by 253.0% in the 2nd quarter. Corient Private Wealth LP now owns 17,210 shares of the company's stock worth $1,120,000 after purchasing an additional 12,335 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Lemonade by 6,592.2% during the 2nd quarter. California State Teachers Retirement System now owns 4,877,709 shares of the company's stock valued at $317,295,000 after buying an additional 4,804,822 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Maya Prosor sold 1,040 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $54.63, for a total transaction of $56,815.20. Following the completion of the sale, the insider directly owned 186,533 shares in the company, valued at $10,190,297.79. This represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Peters sold 2,249 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $54.45, for a total transaction of $122,458.05. Following the completion of the transaction, the insider owned 73,834 shares in the company, valued at $4,020,261.30. This represents a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 18,592 shares of company stock valued at $1,076,326. Company insiders own 12.20% of the company's stock.

Key Stories Impacting Lemonade

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Lemonade expanded its renters-insurance business into Kentucky, with policies starting at $5 per month. The launch broadens the company’s geographic reach and customer base, supporting its strategy of using technology to offer low-cost insurance. Lemonade Expands Renters Insurance to Kentucky
• Positive Sentiment: CEO Daniel Schreiber argued that many U.S. drivers overpay because lower-mileage customers subsidize higher-mileage drivers. The comments reinforce Lemonade’s potential competitive advantage in data-based and usage-oriented pricing, although they do not include new financial guidance. Most Drivers Are Overpaying
• Neutral Sentiment: CFO Tim Bixby is scheduled to speak at the KBW Insurance Conference on September 10. Investors may look for updates on growth, profitability, and strategy, but the announcement itself provides no change to financial guidance. Lemonade CFO to Participate in Upcoming Investor Conferences
• Negative Sentiment: Brokerages maintain a consensus “Hold” rating on LMND, indicating limited near-term conviction. The rating may restrain buying interest, particularly as Lemonade remains unprofitable and analysts expect a loss for the full year. Lemonade Given Consensus Rating of Hold
• Negative Sentiment: Insiders John Peters and Maya Prosor sold approximately $226,200 of LMND shares in recent transactions. The sales occurred under pre-arranged Rule 10b5-1 plans to cover tax withholding from vested equity awards, reducing their significance as a bearish signal, but they could still add modest selling pressure and investor caution. Lemonade Insider Selling

Lemonade Price Performance

Shares of LMND opened at $49.27 on Thursday. Lemonade, Inc. has a 1-year low of $46.16 and a 1-year high of $99.90. The company has a market capitalization of $3.81 billion, a P/E ratio of -26.92 and a beta of 1.87. The firm's 50 day simple moving average is $58.13 and its 200 day simple moving average is $58.40.

Lemonade (NYSE:LMND - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported ($0.56) EPS for the quarter, hitting analysts' consensus estimates of ($0.56). The firm had revenue of $294.40 million for the quarter, compared to analyst estimates of $291.01 million. Lemonade had a negative net margin of 14.19% and a negative return on equity of 26.78%. The business's revenue for the quarter was up 79.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.60) EPS. On average, equities analysts anticipate that Lemonade, Inc. will post -1.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Lemonade from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. Piper Sandler reduced their price objective on shares of Lemonade from $75.00 to $51.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lemonade in a report on Friday, July 17th. UBS Group set a $75.00 target price on shares of Lemonade in a research note on Thursday, May 21st. Finally, Keefe, Bruyette & Woods raised shares of Lemonade from an "underperform" rating to a "market perform" rating and set a $48.00 price target for the company in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $64.50.

Lemonade Profile

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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