Caitong International Asset Management Co. Ltd Has $60,000 Holdings in Lemonade, Inc. $LMND

Caitong International Asset Management Co. Ltd lifted its position in shares of Lemonade, Inc. (NYSE:LMND) by 1,008.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,364 shares of the company’s stock after purchasing an additional 1,241 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Lemonade were worth $60,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LMND. Asset Management One Co. Ltd. raised its position in shares of Lemonade by 50.5% during the first quarter. Asset Management One Co. Ltd. now owns 3,065 shares of the company’s stock worth $96,000 after purchasing an additional 1,029 shares during the period. Teacher Retirement System of Texas bought a new stake in Lemonade during the first quarter worth $246,000. Bank of New York Mellon Corp grew its stake in Lemonade by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 153,682 shares of the company’s stock valued at $4,830,000 after purchasing an additional 2,496 shares during the period. Nisa Investment Advisors LLC grew its stake in Lemonade by 3.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 11,020 shares of the company’s stock valued at $346,000 after purchasing an additional 380 shares during the period. Finally, CWM LLC grew its stake in Lemonade by 30.2% in the 1st quarter. CWM LLC now owns 2,813 shares of the company’s stock valued at $88,000 after purchasing an additional 653 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on LMND shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lemonade in a research report on Saturday. Piper Sandler lowered their price target on Lemonade from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Wall Street Zen raised Lemonade from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $26.00 price objective (up from $22.00) on shares of Lemonade in a research report on Tuesday, July 1st. Finally, Cantor Fitzgerald upgraded Lemonade to a “strong-buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $48.00.

Insiders Place Their Bets

In other Lemonade news, insider John Sheldon Peters sold 2,718 shares of Lemonade stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $50.34, for a total transaction of $136,824.12. Following the completion of the transaction, the insider owned 102,397 shares in the company, valued at approximately $5,154,664.98. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Adina Eckstein sold 5,000 shares of Lemonade stock in a transaction on Tuesday, August 5th. The shares were 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 $9,292,997. The trade was a 2.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,000 shares of company stock valued at $396,020 in the last quarter. 14.70% of the stock is owned by company insiders.

Lemonade Trading Up 1.3%

Shares of NYSE:LMND opened at $52.08 on Friday. The stock has a fifty day simple moving average of $53.36 and a two-hundred day simple moving average of $42.84. 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 12-month low of $17.91 and a 12-month high of $62.00.

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