Lemonade, Inc. $LMND Stake Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Lemonade, Inc. (NYSE:LMND) by 74.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,656 shares of the company’s stock after selling 58,755 shares during the period. Dimensional Fund Advisors LP’s holdings in Lemonade were worth $1,232,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Lemonade by 8,080.0% in the fourth 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 during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Lemonade during the fourth quarter worth approximately $33,000. Torren Management LLC bought a new stake in shares of Lemonade in the fourth quarter valued at approximately $35,000. NewEdge Advisors LLC acquired a new stake in Lemonade during the first quarter worth about $35,000. Finally, Strive Financial Group LLC acquired a new stake in Lemonade during the fourth quarter worth about $38,000. Institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other Lemonade news, insider John Sheldon Peters sold 3,608 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $52.94, for a total transaction of $191,007.52. Following the sale, the insider directly owned 81,386 shares of the company’s stock, valued at approximately $4,308,574.84. This represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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. Also, insider Maya Prosor sold 1,220 shares of the stock in a transaction 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 owned 187,573 shares of the company’s stock, valued at approximately $9,973,256.41. This represents a 0.65% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 10,007 shares of company stock worth $620,201. 12.20% of the stock is owned by corporate insiders.

Lemonade Trading Down 0.4%

Shares of LMND stock opened at $52.77 on Friday. Lemonade, Inc. has a 1 year low of $46.16 and a 1 year high of $99.90. The firm has a market capitalization of $4.08 billion, a P/E ratio of -28.84 and a beta of 1.84. The firm’s fifty day moving average price is $60.43 and its two-hundred day moving average price is $61.34.

Lemonade (NYSE:LMND) last posted 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 return on equity of 26.78% and a negative net margin of 14.19%.The firm had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. During the same period last year, the company earned ($0.60) earnings per share. The business’s revenue was up 79.4% compared to the same quarter last year. As a group, equities research analysts forecast that Lemonade, Inc. will post -1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LMND shares. UBS Group set a $75.00 target price on Lemonade in a report on Thursday, May 21st. Keefe, Bruyette & Woods upgraded Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 price objective for the company in a research note on Thursday, July 30th. Truist Financial cut their price objective on Lemonade from $98.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Morgan Stanley restated an “equal weight” rating and issued a $75.00 target price on shares of Lemonade in a research note on Wednesday, July 8th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Lemonade has a consensus rating of “Hold” and an average target price of $64.11.

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.