Wealth Enhancement Advisory Services LLC Purchases New Holdings in Lemonade, Inc. $LMND

Key Points

• Wealth Enhancement Advisory Services LLC purchased a new stake in Lemonade, Inc., acquiring 8,602 shares valued at approximately $365,000 during the second quarter.
• Wall Street analysts have mixed views on Lemonade's stock, with ratings ranging from "Strong Buy" to "Sell," and an average price target of $43.86.
• Insider selling activity is notable, with COO Adina Eckstein selling 5,000 shares for $245,000, representing a decrease in her ownership of the stock.

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Lemonade, Inc. (NYSE:LMND - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,602 shares of the company's stock, valued at approximately $365,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in Lemonade during the first quarter valued at approximately $26,000. NewEdge Advisors LLC acquired a new stake in Lemonade during the first quarter valued at approximately $35,000. Hollencrest Capital Management acquired a new stake in Lemonade during the first quarter valued at approximately $41,000. State of Wyoming acquired a new stake in Lemonade during the first quarter valued at approximately $49,000. Finally, US Bancorp DE raised its stake in Lemonade by 28.3% during the first quarter. US Bancorp DE now owns 2,406 shares of the company's stock valued at $76,000 after buying an additional 531 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

LMND has been the topic of several research reports. Wall Street Zen upgraded Lemonade from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Cantor Fitzgerald upgraded Lemonade to a "strong-buy" rating in a research report on Wednesday, August 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Lemonade in a research report on Saturday, September 27th. Morgan Stanley raised their target price on Lemonade from $43.00 to $45.00 and gave the company an "underweight" rating in a research report on Tuesday. Finally, Piper Sandler raised their target price on Lemonade from $55.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Lemonade has an average rating of "Reduce" and an average price target of $43.86.

Insider Buying and Selling at Lemonade

In other news, COO Adina Eckstein sold 5,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $49.00, for a total value of $245,000.00. Following the completion of the sale, the chief operating officer owned 189,653 shares of the company's stock, valued at $9,292,997. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Sheldon Peters sold 2,718 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $50.34, for a total value of $136,824.12. Following the completion of the sale, the insider directly owned 102,397 shares of the company's stock, valued at approximately $5,154,664.98. This trade represents a 2.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,000 shares of company stock valued at $396,020. 12.50% of the stock is currently owned by insiders.

Lemonade Stock Down 1.9%

Shares of Lemonade stock opened at $55.03 on Wednesday. The stock has a market cap of $4.07 billion, a PE ratio of -19.45 and a beta of 2.24. The business has a fifty day simple moving average of $52.67 and a 200-day simple moving average of $41.07. Lemonade, Inc. has a 12 month low of $15.27 and a 12 month high of $62.00.

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

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.

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