Lemonade Inc (NYSE:LMND) has a beta value of 1.68 and has seen 0.45 million shares traded in the recent trading session. The company, currently valued at $1.80B, closed the recent trade at $24.82 per share which meant it gained $0.67 on the day or 2.77% during that session. The LMND stock price is -4.67% off its 52-week high price of $25.98 and 46.98% above the 52-week low of $13.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.17 million shares traded. The 3-month trading volume is 1.37 million shares.
The consensus among analysts is that Lemonade Inc (LMND) is Buy stock at the moment, with a recommendation rating of 3.55. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.55.
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Lemonade Inc (NYSE:LMND) trade information
Sporting 2.77% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LMND stock price touched $24.82 or saw a rise of 4.46%. Year-to-date, Lemonade Inc shares have moved 53.87%, while the 5-day performance has seen it change 33.15%. Over the past 30 days, the shares of Lemonade Inc (NYSE:LMND) have changed 48.71%. Short interest in the company has seen 16.01 million shares shorted with days to cover at 12.5.
Wall Street analysts have a consensus price target for the stock at $17.5, which means that the shares’ value could drop -41.83% from the levels at last check today. The projected low price target is $16.0 while the price target rests at a high of $19.0. In that case, then, we find that the latest price level in today’s session is 23.45% off the targeted high while a plunge would see the stock lose 35.54% from the levels at last check today.
Lemonade Inc (LMND) estimates and forecasts
Figures show that Lemonade Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 38.43% over the past 6 months, with this year growth rate of 10.88%, compared to 11.30% for the industry. Revenue growth from the last financial year stood is estimated to be 21.00%.
7 analysts offering their estimates for the company have set an average revenue estimate of 144.7M for the current quarter. 6 have an estimated revenue figure of 152.91M for the next ending quarter. Year-ago sales stood 115.5M and 119.1M respectively for this quarter and the next, and analysts expect sales will grow by 25.30% for the current quarter and 21.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -29.47% over the past 5 years. Earnings growth for 2024 is a modest 11.69% while over the next 5 years, the company’s earnings are expected to increase by 19.50%.
LMND Dividends
Lemonade Inc is expected to release its next earnings report on 2025-Feb-25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lemonade Inc (NYSE:LMND)’s Major holders
Insiders own 27.52% of the company shares, while shares held by institutions stand at 42.12% with a share float percentage of 58.11%. Investors are also buoyed by the number of investors in a company, with Lemonade Inc having a total of 291.0 institutions that hold shares in the company. The top two institutional holders are SOFTBANK GROUP CORP. with over 11.98 million shares worth more than $197.73 million. As of 2024-06-30, SOFTBANK GROUP CORP. held 17.0498% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 5.32 million shares as of 2024-06-30. The firm’s total holdings are worth over $87.72 million and represent 7.564% of shares outstanding.
