Deutsche Bank AG Purchases Shares of 78,065 Lemonade, Inc. $LMND

Deutsche Bank AG acquired a new position in Lemonade, Inc. (NYSE:LMND) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 78,065 shares of the company’s stock, valued at approximately $5,078,000.

Several other hedge funds have also modified their holdings of the company. Bank of America Corp DE raised its stake in Lemonade by 52.1% during the first quarter. Bank of America Corp DE now owns 360,411 shares of the company’s stock valued at $22,591,000 after purchasing an additional 123,484 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Lemonade by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,305,453 shares of the company’s stock worth $448,822,000 after buying an additional 26,312 shares in the last quarter. Lido Advisors LLC purchased a new position in shares of Lemonade in the 1st quarter worth $1,318,000. Clear Street Group Inc. bought a new stake in shares of Lemonade in the 4th quarter worth about $2,448,000. Finally, Halter Ferguson Financial Inc. increased its holdings in shares of Lemonade by 4.3% in the 4th quarter. Halter Ferguson Financial Inc. now owns 600,863 shares of the company’s stock worth $42,769,000 after buying an additional 24,957 shares during the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Lemonade news, insider Maya Prosor sold 1,220 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $64,867.40. Following the transaction, the insider directly owned 187,573 shares in the company, valued at $9,973,256.41. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Sheldon Peters sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $52.55, for a total transaction of $578,050.00. Following the transaction, the insider directly owned 76,942 shares in the company, valued at approximately $4,043,302.10. This trade represents a 12.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 21,007 shares of company stock worth $1,198,251 in the last ninety days. 12.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on LMND shares. TD Cowen reaffirmed a “hold” rating on shares of Lemonade in a report on Monday, June 8th. Keefe, Bruyette & Woods raised Lemonade from an “underperform” rating to a “market perform” rating and set a $48.00 price objective on the stock in a research note on Thursday, July 30th. Cantor Fitzgerald restated an “overweight” rating on shares of Lemonade in a research report on Tuesday, May 26th. Piper Sandler lowered their price objective on Lemonade from $75.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, UBS Group set a $75.00 target price on Lemonade in a report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lemonade presently has an average rating of “Hold” and an average price target of $64.50.

Lemonade Stock Up 0.8%

Shares of Lemonade stock opened at $53.78 on Tuesday. The stock’s fifty day moving average is $59.86 and its two-hundred day moving average is $59.65. Lemonade, Inc. has a 52 week low of $46.16 and a 52 week high of $99.90. The company has a market capitalization of $4.16 billion, a PE ratio of -29.39 and a beta of 1.84.

Lemonade (NYSE:LMND) last released its earnings results on Tuesday, July 28th. The company reported ($0.56) earnings per share for the quarter, hitting the consensus estimate of ($0.56). The business had revenue of $294.40 million during the quarter, compared to the consensus estimate of $291.01 million. Lemonade had a negative return on equity of 26.78% and a negative net margin of 14.19%.The business’s revenue for the quarter was up 79.4% compared to the same quarter last year. During the same period last year, the company earned ($0.60) earnings per share. As a group, research analysts anticipate that Lemonade, Inc. will post -1.85 earnings per share for the current 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.