Trifecta Capital Advisors LLC Takes Position in Lemonade, Inc. $LMND

Trifecta Capital Advisors LLC purchased a new stake in shares of Lemonade, Inc. (NYSE:LMND) during the second quarter, Holdings Channel.com reports. The fund purchased 1,400 shares of the company’s stock, valued at approximately $61,000.

A number of other institutional investors have also recently made changes to their positions in LMND. GAMMA Investing LLC lifted its position in shares of Lemonade by 35,901.8% during the 1st quarter. GAMMA Investing LLC now owns 19,801 shares of the company’s stock valued at $630,000 after buying an additional 19,746 shares during the last quarter. Rhumbline Advisers lifted its holdings in Lemonade by 2.6% during the 1st quarter. Rhumbline Advisers now owns 77,706 shares of the company’s stock worth $2,442,000 after purchasing an additional 2,001 shares in the last quarter. Analyst IMS Investment Management Services Ltd. purchased a new stake in Lemonade during the 1st quarter worth about $9,944,000. Asset Management One Co. Ltd. lifted its holdings in Lemonade by 50.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,065 shares of the company’s stock worth $96,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Lemonade during the 1st quarter worth about $246,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LMND. Piper Sandler increased their price objective on Lemonade from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $26.00 price objective (up previously from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. Wall Street Zen raised Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a report on Wednesday. Finally, Cantor Fitzgerald upgraded Lemonade to a “strong-buy” rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $48.83.

Insider Activity

In other news, COO Adina Eckstein sold 5,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $49.00, for a total transaction of $245,000.00. Following the transaction, the chief operating officer directly owned 189,653 shares in the company, valued at approximately $9,292,997. This represents a 2.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Sheldon Peters sold 2,718 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total value of $136,824.12. Following the transaction, the insider owned 102,397 shares in the company, valued at $5,154,664.98. This trade represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock worth $396,020 over the last quarter. Corporate insiders own 14.70% of the company’s stock.

Lemonade Stock Up 0.8%

Shares of NYSE LMND opened at $55.51 on Thursday. The firm has a market capitalization of $4.10 billion, a P/E ratio of -19.61 and a beta of 2.24. The stock’s 50-day simple moving average is $53.06 and its two-hundred day simple moving average is $41.17. Lemonade, Inc. has a twelve month low of $15.27 and a twelve month high of $62.00.

Lemonade (NYSE:LMND) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) EPS for the quarter, beating the consensus estimate of ($0.81) by $0.21. The firm had revenue of $164.10 million for the quarter, compared to analyst estimates of $160.88 million. Lemonade had a negative return on equity of 36.12% and a negative net margin of 33.96%.The company’s revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.81) EPS. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

About Lemonade

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.