Caitong International Asset Management Co. Ltd Acquires 1,241 Shares of Lemonade, Inc. $LMND

Caitong International Asset Management Co. Ltd grew its holdings in Lemonade, Inc. (NYSE:LMND) by 1,008.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,364 shares of the company’s stock after acquiring an additional 1,241 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Lemonade were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC bought a new position in Lemonade in the first quarter worth $26,000. NewEdge Advisors LLC acquired a new position in Lemonade during the first quarter worth $35,000. Hollencrest Capital Management acquired a new stake in shares of Lemonade in the first quarter valued at $41,000. State of Wyoming acquired a new stake in shares of Lemonade in the first quarter valued at $49,000. Finally, Trifecta Capital Advisors LLC acquired a new stake in Lemonade in the second quarter worth about $61,000. 80.30% of the stock is owned by institutional investors.

Insider Transactions at Lemonade

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

Lemonade Price Performance

LMND stock opened at $52.08 on Friday. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of -18.40 and a beta of 2.24. Lemonade, Inc. has a fifty-two week low of $17.91 and a fifty-two week high of $62.00. The business’s fifty day moving average price is $53.36 and its two-hundred day moving average price is $42.84.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LMND shares. Piper Sandler lowered their price objective on Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Morgan Stanley raised their target price on Lemonade from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Lemonade in a report on Saturday. Keefe, Bruyette & Woods restated an “underperform” rating and set a $26.00 target price (up previously from $22.00) on shares of Lemonade in a report on Tuesday, July 1st. Finally, BMO Capital Markets raised their target price on Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $48.00.

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.