During the recent session, Lemonade Inc (NYSE:LMND)’s traded shares were 1.47 million, with the beta value of the company hitting 1.95. At the last check today, the stock’s price was $48.70, reflecting an intraday loss of -3.30% or -$1.66. The 52-week high for the LMND share is $52.22, that puts it down -7.23 from that peak though still a striking 71.19% gain since the share price plummeted to a 52-week low of $14.03. The company’s market capitalization is $3.48B, and the average intraday trading volume over the past 10 days was 4.45 million shares, and the average trade volume was 1.93 million shares over the past three months.
Lemonade Inc (LMND) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.55. LMND has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.62.
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Lemonade Inc (NYSE:LMND) trade information
Lemonade Inc (LMND) registered a -3.30% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.30% in intraday trading to $48.70, hitting a weekly high. The stock’s 5-day price performance is 46.25%, and it has moved by 156.99% in 30 days. Based on these gigs, the overall price performance for the year is 192.14%. The short interest in Lemonade Inc (NYSE:LMND) is 15.65 million shares and it means that shorts have 9.95 day(s) to cover.
The consensus price target of analysts on Wall Street is $30.5, which implies a decrease of -59.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $16 and $60 respectively. As a result, LMND is trading at a discount of -23.2% off the target high and 67.15% off the low.
Lemonade Inc (LMND) estimates and forecasts
Statistics show that Lemonade Inc has underperformed its competitors in share price, compared to the industry in which it operates. Lemonade Inc (LMND) shares have gone up 198.59% during the last six months, with a year-to-date growth rate less than the industry average at 10.29% against 11.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 7.76% this quarter and then drop -1.25% in the quarter after that. In the rating firms’ projections, revenue will increase 21.66% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 144.85M as predicted by 6 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 151.95M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 115.5M and 119.1M respectively. In this case, analysts expect current quarter sales to grow by 25.41% and then jump by 27.58% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -29.47%. While earnings are projected to return 10.61% in 2024, the next five years will return 19.50% per annum.
LMND Dividends
Lemonade Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lemonade Inc (NYSE:LMND)’s Major holders
Lemonade Inc insiders own 27.52% of total outstanding shares while institutional holders control 41.40%, with the float percentage being 57.12%. SOFTBANK GROUP CORP. is the largest shareholder of the company, while 302.0 institutions own stock in it. As of 2024-06-30, the company held over 11.98 million shares (or 17.0498% of all shares), a total value of $197.73 million in shares.
The next largest institutional holding, with 5.32 million shares, is of VANGUARD GROUP INC’s that is approximately 7.564% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $87.72 million.
Also, the Mutual Funds coming in first place with the largest holdings of Lemonade Inc (LMND) shares are Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Aug 31, 2024 indicates that Vanguard U.S. Growth Fund owns about 2.08 shares. This amounts to just over 2.91 percent of the company’s overall shares, with a $99.94 million market value. The same data shows that the other fund manager holds slightly less at 1.7, or about 2.38% of the stock, which is worth about $81.77 million.
