Lemonade Inc (NYSE: LMND) is 3.84% higher on its value in year-to-date trading and has touched a low of $10.27 and a high of $24.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LMND stock was last observed hovering at around $15.69 in the last trading session, with the day’s gains setting it 1.06%.
Currently trading at $16.75, the stock is -2.39% and -0.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 6.76% at the moment leaves the stock 3.39% off its SMA200. LMND registered 31.58% gain for a year compared to 6-month gain of 32.52%. The firm has a 50-day simple moving average (SMA 50) of $2.22.
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The stock witnessed a -6.42% loss in the last 1 month and extending the period to 3 months gives it a -2.79%, and is -2.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.93% over the week and 6.95% over the month.
Lemonade Inc (LMND) has around 1258 employees, a market worth around $1.18B and $360.00M in sales. Profit margin for the company is -65.81%. Distance from 52-week low is 63.18% and -32.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.59%).
Lemonade Inc quarterly earnings per share for the current quarter are estimated at -$0.8 with sales reaching $115.38M over the same period.The EPS is expected to grow by 7.37% this year, but quarterly earnings will post 20.00% year-over-year. Quarterly sales are estimated to grow 21.20% in year-over-year returns.
296 institutions hold shares in Lemonade Inc (LMND), with institutional investors hold 55.63% of the company’s shares. The shares outstanding are 70.16M, and float is at 50.40M with Short Float at 32.32%. Institutions hold 40.21% of the Float.
The top institutional shareholder in the company is Softbank Group Corporation with over 11.98 million shares valued at $200.72 million. The investor’s holdings represent 17.06% of the LMND Shares outstanding. As of Dec 30, 2023, the second largest holder is Vanguard Group Inc with 5.2 million shares valued at $87.07 million to account for 7.40% of the shares outstanding. The other top investors are Baillie Gifford and Company which holds 4.55 million shares representing 6.48% and valued at over $76.21 million, while Blackrock Inc. holds 5.79% of the shares totaling 4.07 million with a market value of $68.1 million.
Lemonade Inc (LMND) Insider Activity
The most recent transaction is an insider sale by Prosor Maya, the company’s Chief Business Officer. SEC filings show that Prosor Maya sold 290 shares of the company’s common stock on Mar 11 ’24 at a price of $17.72 per share for a total of $5139.0. Following the sale, the insider now owns 9522.0 shares.
Lemonade Inc disclosed in a document filed with the SEC on Mar 06 ’24 that BIXBY TIMOTHY E (Chief Financial Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $16.54 per share for $0.17 million. Following the transaction, the insider now directly holds 10000.0 shares of the LMND stock.
Still, SEC filings show that on Mar 05 ’24, BIXBY TIMOTHY E (Chief Financial Officer) disposed off 2,161 shares at an average price of $16.52 for $35700.0. The insider now directly holds 275,679 shares of Lemonade Inc (LMND).
