X Square Capital LLC Acquires New Holdings in Lemonade, Inc. $LMND

X Square Capital LLC bought a new stake in shares of Lemonade, Inc. (NYSE:LMND) in the second quarter, Holdings Channel.com reports. The firm bought 17,333 shares of the company’s stock, valued at approximately $1,128,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMND. TD Waterhouse Canada Inc. increased its stake in shares of Lemonade by 3.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,671 shares of the company’s stock valued at $261,000 after purchasing an additional 121 shares during the period. AQR Capital Management LLC boosted its position in shares of Lemonade by 0.7% during the fourth quarter. AQR Capital Management LLC now owns 21,569 shares of the company’s stock worth $1,535,000 after buying an additional 159 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Lemonade by 0.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 32,431 shares of the company’s stock worth $2,308,000 after buying an additional 259 shares during the period. CWM LLC grew its holdings in Lemonade by 14.5% in the 4th quarter. CWM LLC now owns 2,882 shares of the company’s stock worth $205,000 after buying an additional 364 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Lemonade by 8,080.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the company’s stock worth $29,000 after buying an additional 404 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on LMND shares. Truist Financial lowered their target price on Lemonade from $98.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Citizens Jmp reduced their price target on Lemonade from $85.00 to $80.00 and set a “market outperform” rating for the company in a research report on Thursday, April 30th. Keefe, Bruyette & Woods raised Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 price target for the company in a research note on Thursday, July 30th. Wall Street Zen lowered Lemonade from a “hold” rating to a “sell” rating in a report on Saturday. Finally, TD Cowen restated a “hold” rating on shares of Lemonade in a research note on Monday, June 8th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.50.

Lemonade Trading Up 5.1%

Shares of Lemonade stock opened at $53.29 on Friday. The company’s 50-day moving average price is $60.00 and its two-hundred day moving average price is $60.00. Lemonade, Inc. has a 52 week low of $46.16 and a 52 week high of $99.90. The stock has a market cap of $4.12 billion, a PE ratio of -29.12 and a beta of 1.84.

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

Insider Buying and Selling

In related news, insider Maya Prosor sold 1,220 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $64,867.40. Following the completion of the sale, the insider directly owned 187,573 shares of the company’s stock, valued at $9,973,256.41. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Sheldon Peters sold 11,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $52.55, for a total transaction of $578,050.00. Following the sale, the insider directly owned 76,942 shares of the company’s stock, valued at approximately $4,043,302.10. This represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,007 shares of company stock worth $1,198,251 over the last quarter. Insiders own 12.20% of the company’s stock.

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.