SoftBank (TYO:9984) Group Capital Ltd has sold a significant portion of its holdings in Lemonade, Inc. (NYSE:LMND), according to a recent SEC filing. The insurance technology company, currently valued at $2.29 billion and showing strong revenue growth of 23% over the last twelve months, saw SoftBank execute a series of transactions amounting to a total value of approximately $9.8 million on May 7, 2025. The sales involved a total of 315,122 shares of Lemonade common stock, with transaction prices ranging from $30.661 to $32.0084 per share.
Following these transactions, SoftBank’s ownership in Lemonade decreased, leaving it with 8,970,683 shares. The sales were conducted in multiple transactions, reflecting a strategic divestment by the ten percent owner. The weighted average prices for the transactions were detailed in the filing, with the shares sold at varying prices within specified ranges. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
In other recent news, Lemonade Inc . reported its first-quarter 2025 earnings, surpassing expectations with revenue reaching $151.2 million against a forecast of $145.92 million. The company also posted an earnings per share (EPS) of -$0.86, better than the anticipated -$0.92. JMP analysts maintained a Market Outperform rating for Lemonade, setting a price target of $60, following the company’s strong performance. Lemonade’s adjusted gross profit was $46 million, exceeding both JMP’s estimate and consensus forecasts. The company experienced a 27% year-over-year growth in In-Force Premiums, reaching over $1 billion, with a customer base expansion of 21% to 2.5 million. Lemonade Car, the company’s auto insurance offering, showed significant growth, contributing to the overall positive results. Additionally, Lemonade maintains a strong cash position with $996 million in reserves. The company projects full-year revenue between $661 million and $663 million for 2025, with expectations to achieve EBITDA breakeven by the end of 2026.
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