Lemonade Inc (NYSE:LMND) has a beta value of 2.11 and has seen 2.61 million shares traded in the last trading session. The company, currently valued at $2.63B, closed the last trade at $36.16 per share which meant it gained $1.57 on the day or 4.54% during that session. The LMND stock price is -48.92% off its 52-week high price of $53.85 and 61.2% above the 52-week low of $14.03.
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 -0.93.
Lemonade Inc (NYSE:LMND) trade information
Sporting 4.54% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LMND stock price touched $36.16 or saw a rise of 9.08%. Year-to-date, Lemonade Inc shares have moved -1.42%, while the 5-day performance has seen it change -0.52%. Over the past 30 days, the shares of Lemonade Inc (NYSE:LMND) have changed 3.40%.
Wall Street analysts have a consensus price target for the stock at $42, which means that the shares’ value could jump 13.9% from current levels. The projected low price target is $20.0 while the price target rests at a high of $60.0. In that case, then, we find that the current price level is -65.93% off the targeted high while a plunge would see the stock lose 44.69% from current levels.
Lemonade Inc (LMND) estimates and forecasts
The company’s shares have gained 92.65% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 25.66%.
5 analysts offering their estimates for the company have set an average revenue estimate of 146.12M for the current quarter. 4 have an estimated revenue figure of 157.35M for the next ending quarter. Year-ago sales stood 119.1M and 122M respectively for this quarter and the next, and analysts expect sales will grow by 22.69% for the current quarter and 25.66% 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 -8.22% over the past 5 years. Earnings growth for 2025 is a modest 2.75% while over the next 5 years, the company’s earnings are expected to increase by 30.30%.
LMND Dividends
Lemonade Inc is expected to release its next earnings report in April 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
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 16.9445% 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 Nov 30, 2024 , the former fund manager holds about 2.74% shares in the company for having 1.99 shares of worth $72.02 million while later fund manager owns 1.7 shares of worth $61.51 million as of Sep 30, 2024 , which makes it owner of about 2.34% of company’s outstanding stock.
