In the latest trading session, 0.47 million Lemonade Inc (NYSE:LMND) shares changed hands as the company’s beta touched 2.05. With the company’s most recent per share price at $27.93 changed hands at -$0.24 or -0.83% at last look, the market valuation stands at $2.03B. LMND’s current price is a discount, trading about -92.8% 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 49.77% up since then. When we look at Lemonade Inc’s average trading volume, we note the 10-day average is 1.65 million shares, with the 3-month average coming to 2.18 million.
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 (NYSE:LMND) trade information
Instantly LMND was in red as seen in intraday trades today. With action -11.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -23.84%, with the 5-day performance at -11.12% in the red. However, in the 30-day time frame, Lemonade Inc (NYSE:LMND) is -22.75% down. Looking at the short shares, we see there were 16.17 million shares sold at short interest cover period of 5.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is 42, meaning bulls need an upside of 33.5% 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 -114.82% plunge from its current level, while the stock would need to tank 28.39% for it to hit the projected low.
Lemonade Inc (LMND) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.22%. The 2025 estimates are for Lemonade Inc earnings to increase by 1.38%, but the outlook for the next 5-year period is at 28.58% per year.
Lemonade Inc (NYSE:LMND)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 25.15% of Lemonade Inc shares while 46.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.57%. There are 46.08% institutions holding the Lemonade Inc stock share, with SOFTBANK GROUP CORP. the top institutional holder. As of 2024-06-30, the company held 16.9445% of the shares, roughly 11.98 million LMND shares worth $197.73 million.
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 WORLD FUND-Vanguard U.S. Growth Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. With 1.99 shares estimated at $59.79 million under it, the former controlled 2.74% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 2.32% of the shares, roughly 1.69 shares worth around $50.74 million.
