Cantor Fitzgerald L. P. Reduces Holdings in Lemonade, Inc. $LMND

Cantor Fitzgerald L. P. reduced its position in Lemonade, Inc. (NYSE:LMND) by 92.1% in the 3rd quarter, Holdings Channel reports. The firm owned 11,675 shares of the company’s stock after selling 135,468 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Lemonade were worth $625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LMND. Federated Hermes Inc. grew its holdings in shares of Lemonade by 195.9% during the third quarter. Federated Hermes Inc. now owns 157,592 shares of the company’s stock worth $8,436,000 after buying an additional 104,342 shares in the last quarter. Halter Ferguson Financial Inc. lifted its stake in shares of Lemonade by 101.3% in the third quarter. Halter Ferguson Financial Inc. now owns 575,906 shares of the company’s stock worth $30,828,000 after buying an additional 289,803 shares in the last quarter. Analyst IMS Investment Management Services Ltd. boosted its position in Lemonade by 8.1% during the third quarter. Analyst IMS Investment Management Services Ltd. now owns 617,878 shares of the company’s stock worth $33,075,000 after acquiring an additional 46,110 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Lemonade by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 160,328 shares of the company’s stock worth $7,024,000 after acquiring an additional 6,646 shares during the last quarter. Finally, Titleist Asset Management LLC purchased a new stake in Lemonade during the 2nd quarter valued at about $203,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup reiterated an “outperform” rating on shares of Lemonade in a report on Friday, January 16th. Piper Sandler set a $65.00 target price on Lemonade in a report on Thursday, February 19th. Morgan Stanley upgraded Lemonade from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $85.00 in a research report on Tuesday. Keefe, Bruyette & Woods increased their price target on Lemonade from $40.00 to $44.00 and gave the company an “underperform” rating in a report on Tuesday, February 24th. Finally, Cantor Fitzgerald lifted their price objective on Lemonade from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lemonade has a consensus rating of “Hold” and an average target price of $68.75.

Insider Buying and Selling

In related news, CEO Daniel A. Schreiber sold 126,625 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $94.74, for a total value of $11,996,452.50. Following the transaction, the chief executive officer directly owned 1,523,534 shares in the company, valued at approximately $144,339,611.16. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Sheldon Peters sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the completion of the transaction, the insider owned 60,771 shares of the company’s stock, valued at $4,861,680. The trade was a 14.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 160,300 shares of company stock worth $14,796,026 over the last quarter. 14.70% of the stock is currently owned by insiders.

Trending Headlines about Lemonade

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Morgan Stanley upgraded Lemonade from “equal weight” to “overweight” and raised its price target to $85, citing the company’s partnership with Tesla as a growth catalyst — the upgrade and the headline drove immediate buying interest. Article Title
• Positive Sentiment: Unusual options activity: traders bought ~22,566 call contracts (about 27% above average daily call volume), signalling speculative bullish positioning that likely amplified the intraday move.
• Neutral Sentiment: Brokerage consensus remains mixed: a recent survey shows an average recommendation of “Hold,” indicating the market is divided on whether the upgrade is enough to sustain outperformance. Article Title
• Negative Sentiment: Analysis caution: Zacks notes the stock recently jumped ~15.8% on above-average volume but warns that the prevailing trend in earnings-estimate revisions does not support continued strength, suggesting upside may be limited without improving fundamentals. Article Title

Lemonade Trading Down 3.4%

Lemonade stock opened at $64.61 on Thursday. The company has a 50-day moving average price of $69.44 and a 200 day moving average price of $66.42. Lemonade, Inc. has a 12-month low of $24.31 and a 12-month high of $99.90. The stock has a market cap of $4.93 billion, a P/E ratio of -28.59 and a beta of 2.12.

Lemonade (NYSE:LMND) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.12. Lemonade had a negative net margin of 22.43% and a negative return on equity of 31.19%. The business’s quarterly revenue was up 53.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.42) earnings per share. As a group, analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current year.

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.