In the latest trading session, 0.7 million Lemonade Inc (NYSE:LMND) shares changed hands as the company’s beta touched 2.15. With the company’s most recent per share price at $33.14 changed hands at -$0.28 or -0.84% at last look, the market valuation stands at $2.37B. LMND’s current price is a discount, trading about -62.49% 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 57.66% up since then.
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 red as seen in intraday trades today. With action -8.25%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -9.65%, with the 5-day performance at -8.25% in the red. However, in the 30-day time frame, Lemonade Inc (NYSE:LMND) is 0.12% up.
The consensus price target for the stock as assigned by Wall Street analysts is 42, meaning bulls need an upside of 21.1% from its recent 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 -81.05% plunge from its current level, while the stock would need to tank 39.65% for it to hit the projected low.
Lemonade Inc (LMND) estimates and forecasts
Year-over-year growth is forecast to reach 21.64% 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 10.81%, but the outlook for the next 5-year period is at 18.13% per year.
Lemonade Inc (NYSE:LMND)’s Major holders
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 $66.17 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 $56.51 million.
