Lemonade Inc (NYSE:LMND) has a beta value of 1.97 and has seen 3.92 million shares traded in the last trading session. The company, currently valued at $3.56B, closed the last trade at $51.02 per share which meant it gained $1.74 on the day or 3.53% during that session. The LMND stock price is -2.35% off its 52-week high price of $52.22 and 72.5% above the 52-week low of $14.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.67 million shares traded. The 3-month trading volume is 1.98 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 -0.62.
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Lemonade Inc (NYSE:LMND) trade information
Sporting 3.53% in the green in last session, 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 $51.02 or saw a rise of 5.26%. Year-to-date, Lemonade Inc shares have moved 216.31%, while the 5-day performance has seen it change 48.70%. Over the past 30 days, the shares of Lemonade Inc (NYSE:LMND) have changed 176.83%. Short interest in the company has seen 15.65 million shares shorted with days to cover at 9.95.
Wall Street analysts have a consensus price target for the stock at $30.5, which means that the shares’ value could drop -67.28% from current levels. The projected low price target is $16.0 while the price target rests at a high of $60.0. In that case, then, we find that the current price level is -17.6% off the targeted high while a plunge would see the stock lose 68.64% from current levels.
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 210.15% over the past 6 months, with this year growth rate of 10.29%, compared to 11.20% for the industry. Revenue growth from the last financial year stood is estimated to be 21.66%.
6 analysts offering their estimates for the company have set an average revenue estimate of 144.85M for the current quarter. 4 have an estimated revenue figure of 151.95M 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 25.41% for the current quarter and 21.66% 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 10.62% 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 in December 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 41.40% with a share float percentage of 57.13%. Investors are also buoyed by the number of investors in a company, with Lemonade Inc having a total of 303.0 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.
Also the top two Mutual Funds that are holding company’s shares are Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund . As of Aug 31, 2024 , the former fund manager holds about 2.91% shares in the company for having 2.08 shares of worth $105.95 million while later fund manager owns 1.7 shares of worth $86.69 million as of Jun 30, 2024 , which makes it owner of about 2.38% of company’s outstanding stock.
