In the last trading session, 1.23 million Lemonade Inc (NYSE:LMND) shares changed hands as the company’s beta touched 2.15. With the company’s per share price at $33.99 changed hands at $0.82 or 2.47% during last session, the market valuation stood at $2.43B. LMND’s last price was a discount, traded about -58.43% off its 52-week high of $53.85. The share price had its 52-week low at $14.03, which suggests the last value was 58.72% up since then. When we look at Lemonade Inc’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 2.53 million.
Analysts gave the Lemonade Inc (LMND) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.55. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended LMND as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Lemonade Inc’s EPS for the current quarter is expected to be -0.61.
Lemonade Inc (NYSE:LMND) trade information
Instantly LMND was in green as seen at the end of in last trading. With action 2.32%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.33%, with the 5-day performance at 2.32% in the green. However, in the 30-day time frame, Lemonade Inc (NYSE:LMND) is -6.60% down. Looking at the short shares, we see there were 16.85 million shares sold at short interest cover period of 7.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 42, meaning bulls need an upside of 19.07% from its current market value. According to analyst projections, LMND’s forecast low is 20 with 60 as the target high. To hit the forecast high, the stock’s price needs a -76.52% plunge from its current level, while the stock would need to tank 41.16% for it to hit the projected low.
Lemonade Inc (LMND) estimates and forecasts
Data shows that the Lemonade Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 104.27% over the past 6 months, a 10.88% in annual growth rate that is considerably higher than the industry average of 9.80%. Year-over-year growth is forecast to reach 21.65% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 144.78M. 4 analysts are of the opinion that Lemonade Inc’s revenue for the current quarter will be 151.95M. The company’s revenue for the corresponding quarters a year ago was 115.5M and 119.1M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.35%. The estimates for the next quarter sales put growth at 27.58%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -29.47%. The 2025 estimates are for Lemonade Inc earnings to increase by 10.84%, but the outlook for the next 5-year period is at 18.89% per year.
LMND Dividends
Lemonade Inc is expected to release its next quarterly earnings report in March.
Lemonade Inc (NYSE:LMND)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 27.51% of Lemonade Inc shares while 40.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.54%. There are 40.98% institutions holding the Lemonade Inc stock share, with SOFTBANK GROUP CORP. the top institutional holder. As of 2024-06-30, the company held 17.0498% of the shares, roughly 11.98 million LMND shares worth $197.73 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.564% or 5.32 million shares worth $87.72 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund. With 1.99 shares estimated at $67.7 million under it, the former controlled 2.79% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.38% of the shares, roughly 1.7 shares worth around $57.82 million.
