Quantbot Technologies LP Sells 22,547 Shares of Lemonade, Inc. $LMND

Quantbot Technologies LP cut its position in shares of Lemonade, Inc. (NYSE:LMND) by 53.1% in the third quarter, Holdings Channel.com reports. The firm owned 19,944 shares of the company’s stock after selling 22,547 shares during the quarter. Quantbot Technologies LP’s holdings in Lemonade were worth $1,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Lemonade by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,279,141 shares of the company’s stock worth $336,122,000 after purchasing an additional 57,856 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Lemonade by 30.8% during the third quarter. JPMorgan Chase & Co. now owns 3,506,171 shares of the company’s stock valued at $187,685,000 after buying an additional 825,522 shares during the period. Geode Capital Management LLC boosted its position in shares of Lemonade by 4.9% during the second quarter. Geode Capital Management LLC now owns 1,297,943 shares of the company’s stock valued at $56,871,000 after buying an additional 60,853 shares during the period. BIT Capital GmbH grew its stake in shares of Lemonade by 69.3% during the third quarter. BIT Capital GmbH now owns 1,254,345 shares of the company’s stock valued at $67,145,000 after buying an additional 513,424 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Lemonade by 28.1% in the second quarter. Bank of America Corp DE now owns 993,669 shares of the company’s stock worth $43,533,000 after buying an additional 217,913 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lemonade

Here are the key news stories impacting Lemonade this week:

• Positive Sentiment: Analyst and independent bullish write-ups highlight Lemonade’s AI-driven underwriting, accelerating in‑force premiums and scalable growth pathway as reasons for medium‑to‑longer‑term upside if margins keep improving. Read More.
• Positive Sentiment: Independent bullish summary (Danny Green / InsiderMonkey) reiterates the tech/insurtech thesis and cites improving unit economics and strong top‑line momentum as catalysts for rerating. Read More.
• Positive Sentiment: Recent quarter showed robust revenue growth and an EPS beat versus expectations, supporting the growth narrative (company reported strong revenue growth and topped EPS estimates in its Feb quarter). Read More.
• Neutral Sentiment: Valuation and momentum are under renewed review after a large YTD pullback despite strong 1‑year returns; that raises the prospect of continued volatility as investors reprice growth vs. near‑term profitability. Read More.
• Negative Sentiment: Profitability concerns remain a major headwind—investors punished the stock in February after focusing on persistent losses even as Q4 execution improved, underscoring the need for durable margin gains. Read More.
• Negative Sentiment: Insider selling: recent Form 4 filings show multiple sales by senior insider John Sheldon Peters (several thousand shares) and a smaller sale by Maya Prosor; while not huge versus institutional ownership, these disposals can damp investor sentiment and add spot selling pressure. Read More.

Insider Transactions at Lemonade

In related news, CEO Daniel A. Schreiber sold 126,625 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $94.74, for a total value of $11,996,452.50. Following the completion of the sale, the chief executive officer directly owned 1,523,534 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, COO Adina Eckstein sold 41,557 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $78.95, for a total transaction of $3,280,925.15. Following the transaction, the chief operating officer owned 204,229 shares in the company, valued at approximately $16,123,879.55. The trade was a 16.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 246,767 shares of company stock worth $21,614,749. Corporate insiders own 14.70% of the company’s stock.

Analyst Upgrades and Downgrades

LMND has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lemonade in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods increased their target price on Lemonade from $40.00 to $44.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 24th. Truist Financial assumed coverage on Lemonade in a research report on Tuesday, January 6th. They set a “buy” rating and a $98.00 target price for the company. Citigroup restated an “outperform” rating on shares of Lemonade in a report on Friday, January 16th. Finally, Cantor Fitzgerald raised their price target on shares of Lemonade from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.75.

Lemonade Stock Up 0.3%

Shares of NYSE:LMND opened at $55.23 on Friday. The business’s 50 day moving average is $72.19 and its 200 day moving average is $66.17. The stock has a market cap of $4.22 billion, a P/E ratio of -24.44 and a beta of 2.12. Lemonade, Inc. has a 52-week low of $24.31 and a 52-week high of $99.90.

Lemonade (NYSE:LMND) last issued its earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.During the same quarter last year, the firm posted ($0.42) earnings per share. The company’s quarterly revenue was up 53.3% on a year-over-year basis. On average, sell-side analysts anticipate that Lemonade, Inc. will post -3.03 EPS for the current fiscal year.

About Lemonade

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.