Lemonade Inc (NYSE: LMND) is 2.29% higher on its value in year-to-date trading and has touched a low of $10.27 and a high of $24.55 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 $16.32 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $16.50, the stock is -6.58% and -7.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 1.10% at the moment leaves the stock -4.47% off its SMA200. LMND registered 49.19% gain for a year compared to 6-month gain of 1.98%. The firm has a 50-day simple moving average (SMA 50) of $17.774 and a 200-day simple moving average (SMA200) of $17.26735.
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The stock witnessed a -12.09% loss in the last 1 month and extending the period to 3 months gives it a 0.98%, and is -3.23% 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 3.54% over the week and 3.90% over the month.
Lemonade Inc (LMND) has around 1258 employees, a market worth around $1.17B and $398.50M in sales. Profit margin for the company is -52.30%. Distance from 52-week low is 60.74% and -32.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.64%).
The EPS is expected to grow by 10.95% this year
293.0 institutions hold shares in Lemonade Inc (LMND), with institutional investors hold 58.58% of the company’s shares. The shares outstanding are 70.16M, and float is at 51.38M with Short Float at 32.72%. Institutions hold 42.38% of the Float.
The top institutional shareholder in the company is SOFTBANK GROUP CORP. with over 11.98 million shares valued at $197.73 million. The investor’s holdings represent 17.0498 of the LMND Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.32 million shares valued at $87.72 million to account for 7.564 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 4.06 million shares representing 5.7785 and valued at over $67.01 million, while BLACKROCK INC. holds 5.6924 of the shares totaling 4.0 million with a market value of $66.01 million.
Lemonade Inc (LMND) Insider Activity
The most recent transaction is an insider sale by BIXBY TIMOTHY E, the company’s Chief Financial Officer. SEC filings show that BIXBY TIMOTHY E sold 2,050 shares of the company’s common stock on Sep 10 ’24 at a price of $18.24 per share for a total of $37392.0. Following the sale, the insider now owns 0.27 million shares.
Still, SEC filings show that on Sep 04 ’24, Peters John Sheldon (Chief Insurance Officer) disposed off 1,547 shares at an average price of $18.84 for $29145.0. The insider now directly holds 90,283 shares of Lemonade Inc (LMND).
