In the last trading session, 2.82 million shares of the Lemonade Inc (NYSE:LMND) were traded, and its beta was 2.10. Most recently the company’s share price was $36.91, and it changed around $2.33 or 6.74% from the last close, which brings the market valuation of the company to $2.69B. LMND currently trades at a discount to its 52-week high of $53.85, offering almost -45.9% off that amount. The share price’s 52-week low was $14.03, which indicates that the current value has risen by an impressive 61.99% since then. We note from Lemonade Inc’s average daily trading volume that its 10-day average is 1.89 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 (NYSE:LMND) trade information
Instantly LMND has showed a green trend with a performance of 6.74% 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 38.62 on recent trading dayincreased the stock’s daily price by 4.43%. The company’s shares are currently up 0.63% year-to-date, but still down -0.19% over the last five days. On the other hand, Lemonade Inc (NYSE:LMND) is 10.44% up 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 12.12% 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
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 2.37% in 2025, but the outlook is positive 30.12% per year for the next five years.
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 $73.51 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 $62.39 million, which represents about 2.32% of the total shares outstanding.
