SG Americas Securities LLC Purchases 8,200 Shares of Lemonade, Inc. $LMND

SG Americas Securities LLC boosted its position in Lemonade, Inc. (NYSE:LMND) by 97.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,619 shares of the company’s stock after purchasing an additional 8,200 shares during the period. SG Americas Securities LLC’s holdings in Lemonade were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of LMND. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Lemonade by 80.7% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 571,768 shares of the company’s stock valued at $25,049,000 after buying an additional 255,368 shares during the last quarter. Mandatum Life Insurance Co Ltd bought a new position in Lemonade in the 2nd quarter valued at $202,000. Bank of New York Mellon Corp grew its position in Lemonade by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,328 shares of the company’s stock valued at $7,024,000 after acquiring an additional 6,646 shares during the last quarter. Caxton Associates LLP purchased a new stake in Lemonade in the first quarter worth $1,455,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Lemonade by 14.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 281,724 shares of the company’s stock worth $12,342,000 after purchasing an additional 35,648 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LMND has been the topic of a number of research analyst reports. Cantor Fitzgerald upgraded shares of Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Lemonade from $49.00 to $53.00 and gave the stock an “underweight” rating in a research report on Monday, November 17th. Citizens Jmp lifted their price target on shares of Lemonade from $60.00 to $80.00 and gave the company a “market outperform” rating in a research note on Monday. Finally, JMP Securities set a $80.00 price objective on Lemonade in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.57.

Insider Buying and Selling at Lemonade

In other news, COO Adina Eckstein sold 5,988 shares of Lemonade stock in a transaction on Monday, November 10th. The stock was sold at an average price of $78.00, for a total value of $467,064.00. Following the transaction, the chief operating officer directly owned 227,987 shares in the company, valued at approximately $17,782,986. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Sheldon Peters sold 3,798 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $73.25, for a total value of $278,203.50. Following the completion of the transaction, the insider directly owned 79,669 shares of the company’s stock, valued at approximately $5,835,754.25. The trade was a 4.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 71,716 shares of company stock worth $5,194,624 in the last ninety days. Insiders own 12.50% of the company’s stock.

Lemonade Stock Performance

NYSE LMND opened at $73.19 on Tuesday. Lemonade, Inc. has a one year low of $24.31 and a one year high of $83.77. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of -30.62 and a beta of 2.26. The company’s 50-day simple moving average is $59.62 and its two-hundred day simple moving average is $48.94.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.21. The firm had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $185.06 million. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The company’s revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.95) EPS. Lemonade has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal 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.