In the last trading session, 1.91 million shares of the Lemonade Inc (NYSE:LMND) were traded, and its beta was 2.10. Most recently the company’s share price was $34.58, and it changed around $0.11 or 0.32% from the last close, which brings the market valuation of the company to $2.52B. LMND currently trades at a discount to its 52-week high of $53.85, offering almost -55.73% off that amount. The share price’s 52-week low was $14.03, which indicates that the current value has risen by an impressive 59.43% since then. We note from Lemonade Inc’s average daily trading volume that its 10-day average is 1.9 million shares, with the 3-month average coming to 2.22 million.
Lemonade Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.55. If we narrow it down even further, the data shows that 1 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended LMND as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight. Lemonade Inc is expected to report earnings per share of -0.92 for the current quarter.
Lemonade Inc (NYSE:LMND) trade information
Instantly LMND has showed a green trend with a performance of 0.32% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 37.38 on recent trading dayincreased the stock’s daily price by 7.49%. The company’s shares are currently down -5.73% year-to-date, but still down -1.12% over the last five days. On the other hand, Lemonade Inc (NYSE:LMND) is -1.79% down in the 30-day period. We can see from the shorts that 16.24 million shares have been sold at a short interest cover period of 6.18 day(s).
The consensus price target as assigned by Wall Street analysts is $42, which translates to bulls needing to increase their stock price by 17.67% from its current value. Analyst projections state that LMND is forecast to be at a low of $20 and a high of $60.
Lemonade Inc (LMND) estimates and forecasts
The year-over-year growth rate is expected to be 25.56%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 144.98M in revenue for the current quarter. 4 analysts expect Lemonade Inc to make 158.15M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 119.1M and 122M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.73%. Forecasts for the next quarter put sales growth at 29.63%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -8.22%. Lemonade Inc earnings are expected to increase by 2.31% in 2025, but the outlook is positive 30.12% per year for the next five years.
LMND Dividends
Lemonade Inc’s next quarterly earnings report is expected to be released on 2025-Feb-24.
Lemonade Inc (NYSE:LMND)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 25.20% of Lemonade Inc shares, and 46.27% of them are in the hands of institutional investors. The stock currently has a share float of 61.85%. Lemonade Inc stock is held by 352.0 institutions, with SOFTBANK GROUP CORP. being the largest institutional investor. By 2024-06-30, it held 16.9445% of the shares, which is about 11.98 million shares worth $197.73 million.
VANGUARD GROUP INC, with 7.564% or 5.32 million shares worth $87.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 1.99 shares worth $68.87 million, making up 2.74% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.69 shares worth around $58.45 million, which represents about 2.32% of the total shares outstanding.
