<div id="readability-page-1"><p>Millennium Management LLC raised its position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) by 388.7% in the 2nd quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 165,689 shares of the company's stock after buying an additional 131,784 shares during the period. Millennium Management LLC owned about 0.24% of Lemonade worth $2,734,000 at the end of the most recent reporting period.</p><ul><li>Will This Pet Retailer's Stock Break Out of the Doghouse?</li></ul><p>Several other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Lemonade by 8.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,938 shares of the company's stock worth $1,853,000 after acquiring an additional 9,107 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Lemonade in the 1st quarter worth about $477,000. Squarepoint Ops LLC increased its stake in shares of Lemonade by 436.2% in the 2nd quarter. Squarepoint Ops LLC now owns 45,573 shares of the company's stock worth $752,000 after acquiring an additional 37,073 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Lemonade in the 1st quarter worth about $718,000. Finally, Caxton Associates LP bought a new stake in Lemonade during the 2nd quarter valued at about $737,000. Hedge funds and other institutional investors own 80.30% of the company's stock. </p><h2>Lemonade Stock Up 0.9 %</h2><p>LMND stock opened at $17.55 on Tuesday. Lemonade, Inc. has a twelve month low of $10.27 and a twelve month high of $24.55. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -5.61 and a beta of 1.77. The firm's fifty day simple moving average is $17.26 and its two-hundred day simple moving average is $17.42. </p><ul><li>MarketBeat Week in Review – 7/15 - 7/19</li></ul><p>Lemonade (NYSE:LMND - Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported ($0.81) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.88) by $0.07. Lemonade had a negative net margin of 44.24% and a negative return on equity of 30.34%. The firm had revenue of $122.00 million during the quarter, compared to analyst estimates of $121.77 million. During the same period in the previous year, the firm earned ($0.97) earnings per share. The business's revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that Lemonade, Inc. will post -3.04 EPS for the current year. </p><h2>Analyst Upgrades and Downgrades</h2><p>Separately, Jefferies Financial Group reduced their price objective on shares of Lemonade from $15.00 to $14.00 and set an &#34;underperform&#34; rating for the company in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Lemonade has a consensus rating of &#34;Hold&#34; and a consensus price target of $20.17.</p><ul><li>AI-Powered Insurance Disruptor: This Stock Is a Growth Machine</li></ul><p><b>Get Our Latest Stock Analysis on Lemonade</b></p><h2>Insider Activity</h2><p>In other Lemonade news, CFO Timothy E. Bixby sold 2,050 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total value of $37,392.00. Following the sale, the chief financial officer now owns 271,552 shares in the company, valued at approximately $4,953,108.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 12.50% of the company's stock. </p><h2>Lemonade Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Lemonade</li><li>3 Monster Growth Stocks to Buy Now</li><li>Whirlpool’s High Dividend Yield Is Too Good to Pass Up</li><li>What is a Death Cross in Stocks?</li><li>Holiday Spending Boom Ahead: 3 BNPL Stocks Poised for Gains</li><li>What is a SEC Filing?</li><li>Boeing: A Perfect Storm of Trouble Is a Loaded Buying Opportunity</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxNTkQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxNTkQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lemonade wasn't on the list.</p><p>While Lemonade currently has a &#34;Reduce&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

LMND

<p>Millennium Management LLC increased its stake in Lemonade, Inc. (NYSE:LMND) by 388.7% in Q2, owning 165,689 shares after acquiring 131,784 additional shares. Other institutional investors also adjusted their positions, with hedge funds owning 80.30% of the stock. Lemonade's stock opened at $0.55, with a market cap of $1.24 billion. The company reported a negative EPS of ($0.81) for the last quarter, beating estimates, and a revenue increase of 16.6% year-over-year. Analysts have a consensus rating of "Hold" for Lemonade, with a price target of $1.17.</p>

Millennium Management LLC Increases Stock Position in Lemonade, Inc. (NYSE:LMND)