Trifecta Capital Advisors LLC Takes Position in Lemonade, Inc. $LMND

Trifecta Capital Advisors LLC acquired a new stake in shares of Lemonade, Inc. (NYSE:LMND) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,400 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMND. Vanguard Group Inc. increased its holdings in shares of Lemonade by 14.9% during the first quarter. Vanguard Group Inc. now owns 6,138,444 shares of the company’s stock valued at $192,931,000 after acquiring an additional 794,952 shares in the last quarter. Analyst IMS Investment Management Services Ltd. bought a new stake in shares of Lemonade during the first quarter valued at approximately $9,944,000. Millennium Management LLC increased its holdings in shares of Lemonade by 255.2% during the first quarter. Millennium Management LLC now owns 329,934 shares of the company’s stock valued at $10,370,000 after acquiring an additional 237,044 shares in the last quarter. Halter Ferguson Financial Inc. increased its holdings in shares of Lemonade by 62.8% during the first quarter. Halter Ferguson Financial Inc. now owns 476,764 shares of the company’s stock valued at $14,985,000 after acquiring an additional 183,974 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Lemonade during the first quarter valued at approximately $4,426,000. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling at Lemonade

In other Lemonade news, COO Adina Eckstein sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $49.00, for a total value of $245,000.00. Following the transaction, the chief operating officer owned 189,653 shares of the company’s stock, valued at approximately $9,292,997. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Sheldon Peters sold 2,718 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $50.34, for a total value of $136,824.12. Following the completion of the transaction, the insider directly owned 102,397 shares in the company, valued at approximately $5,154,664.98. This represents a 2.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,000 shares of company stock worth $396,020. Insiders own 14.70% of the company’s stock.

Lemonade Trading Up 0.8%

LMND stock opened at $55.51 on Thursday. The stock’s fifty day simple moving average is $53.06 and its two-hundred day simple moving average is $41.17. Lemonade, Inc. has a 1-year low of $15.27 and a 1-year high of $62.00. The stock has a market cap of $4.10 billion, a P/E ratio of -19.61 and a beta of 2.24.

Lemonade (NYSE:LMND) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.81) by $0.21. Lemonade had a negative return on equity of 36.12% and a negative net margin of 33.96%.The business had revenue of $164.10 million for the quarter, compared to analysts’ expectations of $160.88 million. During the same quarter in the previous year, the firm earned ($0.81) earnings per share. The business’s revenue was up 34.5% on a year-over-year basis. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on LMND. Cantor Fitzgerald upgraded Lemonade to a “strong-buy” rating in a report on Wednesday, August 13th. Piper Sandler raised their price objective on Lemonade from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley raised their price target on shares of Lemonade from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $48.83.

About Lemonade

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.