Landscape Capital Management L.L.C. Takes Position in Lemonade, Inc. $LMND

Landscape Capital Management L.L.C. bought a new stake in shares of Lemonade, Inc. (NYSE:LMND) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 52,977 shares of the company’s stock, valued at approximately $3,446,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted 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 acquiring an additional 404 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Lemonade during the fourth quarter valued at approximately $33,000. Torren Management LLC purchased a new stake in shares of Lemonade during the fourth quarter valued at approximately $35,000. NewEdge Advisors LLC acquired a new position in shares of Lemonade during the first quarter worth $35,000. Finally, Strive Financial Group LLC acquired a new position in shares of Lemonade during the fourth quarter worth $38,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on LMND. Keefe, Bruyette & Woods upgraded shares of Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 target price for the company in a research note on Thursday, July 30th. TD Cowen reiterated a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Citizens Jmp cut their price objective on shares of Lemonade from $85.00 to $80.00 and set a “market outperform” rating on the stock in a report on Thursday, April 30th. Piper Sandler decreased their price objective on shares of Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Finally, UBS Group set a $75.00 target price on Lemonade in a research note on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.50.

Insider Buying and Selling at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 11,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 76,942 shares of the company’s stock, valued at $4,043,302.10. This trade represents a 12.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Maya Prosor sold 1,220 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $64,867.40. Following the transaction, the insider directly owned 187,573 shares of the company’s stock, valued at approximately $9,973,256.41. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 21,007 shares of company stock worth $1,198,251 over the last ninety days. 12.20% of the stock is currently owned by corporate insiders.

Lemonade Stock Up 5.1%

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

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

Lemonade Company 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.