Lemonade Inc (NYSE:LMND) has a beta value of 2.11 and has seen 0.45 million shares traded in the recent trading session. The company, currently valued at $2.27B, closed the recent trade at $31.11 per share which meant it lost -$1.36 on the day or -4.19% during that session. The LMND stock price is -73.1% off its 52-week high price of $53.85 and 54.9% above the 52-week low of $14.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.72 million shares traded. The 3-month trading volume is 2.19 million shares.
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 -0.91.
Lemonade Inc (NYSE:LMND) trade information
Sporting -4.19% in the red today, 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 $31.11 or saw a rise of 17.92%. Year-to-date, Lemonade Inc shares have moved -15.19%, while the 5-day performance has seen it change -15.71%. Over the past 30 days, the shares of Lemonade Inc (NYSE:LMND) have changed -14.42%. Short interest in the company has seen 16.17 million shares shorted with days to cover at 5.32.
Wall Street analysts have a consensus price target for the stock at $42, which means that the shares’ value could jump 25.93% from the levels at last check today.. 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 latest price level in today’s session is -92.86% off the targeted high while a plunge would see the stock lose 35.71% from the levels at last check today..
Lemonade Inc (LMND) estimates and forecasts
The company’s shares have gained 82.46% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 25.56%.
5 analysts offering their estimates for the company have set an average revenue estimate of 144.98M for the current quarter. 4 have an estimated revenue figure of 158.15M 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 21.73% for the current quarter and 25.56% 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 2.03% while over the next 5 years, the company’s earnings are expected to increase by 28.58%.
LMND Dividends
Lemonade Inc is expected to release its next earnings report on 2025-Feb-24 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
Insiders own 25.20% of the company shares, while shares held by institutions stand at 46.27% with a share float percentage of 61.85%. Investors are also buoyed by the number of investors in a company, with Lemonade Inc having a total of 352.0 institutions that hold shares in the company. 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 WORLD FUND-Vanguard U.S. Growth Fund and VANGUARD INDEX FUNDS-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 $61.77 million while later fund manager owns 1.69 shares of worth $52.42 million as of Dec 31, 2024 , which makes it owner of about 2.32% of company’s outstanding stock.
