Lemonade Inc. (NYSE:LMND) has seen 3.64 million shares traded in the last trading session. The company, currently valued at $2.18B, closed the last trade at $37.14 per share which meant it gained $1.81 on the day or 5.12% during that session. The LMND stock price is -407.0% off its 52-week high price of $188.30 and 7.75% above the 52-week low of $34.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.24 million shares traded. The 3-month trading volume is 1.80 million shares.
The consensus among analysts is that Lemonade Inc. (LMND) is a Hold stock at the moment, with a recommendation rating of 3.20. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 11 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight.
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Sporting 5.12% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 01/07/22 when the LMND stock price touched $37.14 or saw a rise of 16.54%. Year-to-date, Lemonade Inc. shares have moved -11.80%, while the 5-day performance has seen it change -11.80%. Over the past 30 days, the shares of Lemonade Inc. (NYSE:LMND) have changed -25.12%.
Wall Street analysts have a consensus price target for the stock at $59.67, which means that the shares’ value could jump 37.76% from current levels. The projected low price target is $25.00 while the price target rests at a high of $95.00. In that case, then, we find that the current price level is -155.79% off the targeted high while a plunge would see the stock lose 32.69% from current levels.
Lemonade Inc. (LMND) estimates and forecasts
Figures show that Lemonade Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -61.44% over the past 6 months, with this year growth rate of -7.99%, compared to 10.70% for the industry.
Lemonade Inc. is expected to release its next earnings report between February 28 and March 04 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 33.33% of the company shares, while shares held by institutions stand at 38.49% with a share float percentage of 57.74%. Investors are also buoyed by the number of investors in a company, with Lemonade Inc. having a total of 352 institutions that hold shares in the company. The top two institutional holders are Softbank Group Corporation with over 11.98 million shares worth more than $803.01 million. As of Sep 29, 2021, Softbank Group Corporation held 19.44% of shares outstanding.
The other major institutional holder is Baillie Gifford and Company, with the holding of over 5.03 million shares as of Sep 29, 2021. The firm’s total holdings are worth over $337.04 million and represent 8.16% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund. As of Aug 30, 2021, the former fund manager holds about 3.22% shares in the company for having 1.98 million shares of worth $149.74 million while later fund manager owns 1.05 million shares of worth $70.2 million as of Sep 29, 2021, which makes it owner of about 1.70% of company’s outstanding stock.