XTX Topco Ltd Takes $333,000 Position in Lemonade, Inc. $LMND

XTX Topco Ltd purchased a new stake in shares of Lemonade, Inc. (NYSE:LMND) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,608 shares of the company’s stock, valued at approximately $333,000.

A number of other hedge funds have also bought and sold shares of the business. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Lemonade by 80.7% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 571,768 shares of the company’s stock worth $25,049,000 after acquiring an additional 255,368 shares in the last quarter. Mandatum Life Insurance Co Ltd bought a new stake in shares of Lemonade during the 2nd quarter valued at $202,000. Bank of New York Mellon Corp lifted its holdings in Lemonade by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 160,328 shares of the company’s stock worth $7,024,000 after purchasing an additional 6,646 shares in the last quarter. Titleist Asset Management LLC bought a new position in Lemonade in the 2nd quarter worth about $203,000. Finally, Caxton Associates LLP bought a new position in Lemonade in the 1st quarter worth about $1,455,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LMND shares. BMO Capital Markets upped their price target on Lemonade from $23.00 to $42.00 and gave the company an “underperform” rating in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Piper Sandler reduced their price target on shares of Lemonade from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Lemonade in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Lemonade has an average rating of “Hold” and an average price target of $58.57.

Insiders Place Their Bets

In other Lemonade news, insider John Sheldon Peters sold 18,930 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $72.77, for a total transaction of $1,377,536.10. Following the sale, the insider owned 83,467 shares in the company, valued at $6,073,893.59. This trade represents a 18.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Adina Eckstein sold 40,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $73.02, for a total value of $2,920,800.00. Following the completion of the transaction, the chief operating officer owned 227,987 shares of the company’s stock, valued at $16,647,610.74. The trade was a 14.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 74,258 shares of company stock worth $5,445,742. 14.70% of the stock is owned by insiders.

Lemonade Price Performance

Shares of LMND opened at $78.97 on Friday. Lemonade, Inc. has a 1-year low of $24.31 and a 1-year high of $83.77. The company has a market capitalization of $5.90 billion, a P/E ratio of -33.04 and a beta of 2.13. The firm’s 50 day simple moving average is $63.18 and its 200 day simple moving average is $51.60.

Lemonade (NYSE:LMND) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.21. The firm had revenue of $194.50 million for the quarter, compared to analyst estimates of $185.06 million. Lemonade had a negative net margin of 26.39% and a negative return on equity of 31.86%. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.95) EPS. On average, equities analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current year.

Lemonade Profile

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.