Check Out Lemonade Inc. (LMND)’s Trade Data Rather Than the Analysts’ Views

Lemonade Inc. (NYSE: LMND) stock fell -1.00% on Friday to $12.87 against a previous-day closing price of $13.00. With 2.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.55 million shares. During the session, the Insurance – Property & Casualty company that operates in wider Financial sector, reached to the highest price of $13.07 whereas the lowest price it dropped to was $12.62. The 52-week range on LMND shows that it touched its highest point at $25.45 and its lowest point at $10.28 during that stretch. It currently has a 1-year price target of $18.44. Beta for the stock currently stands at 1.56.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LMND was down-trending over the past week, with a drop of -1.23%, but this was down by -10.81% over a month. Three-month performance dropped to -35.75% while six-month performance fell -8.46%. The stock lost -46.35% in the past year, while it has lost -5.92% so far this year. A look at the trailing 12-month EPS for LMND yields -4.20 with Next year EPS estimates of -3.26. For the next quarter, that number is -0.94. This implies an EPS growth rate of -16.40% for this year and 11.40% for next year. EPS is expected to grow by 19.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -48.30%.

Float and Shares Shorts:

At present, 69.53 million LMND shares are outstanding with a float of 50.22 million shares on hand for trading. On Aug 30, 2023, short shares totaled 15.45 million, which was 22.17% higher than short shares on Jul 30, 2023. In addition to Mr. Daniel Asher Schreiber as the firm’s Co-Founder, Chairman & Co-CEO, Mr. Shai Wininger Gavish serves as its Co-Founder, Pres, Co-CEO, CTO & Director.

Institutional Ownership:

Through their ownership of 35.77% of LMND’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.85% of LMND, in contrast to 53.69% held by mutual funds. Shares owned by individuals account for 29.10%. As the largest shareholder in LMND with 8.06% of the stake, The Vanguard Group, Inc. holds 5,615,614 shares worth 5,615,614. A second-largest stockholder of LMND, Baillie Gifford & Co., holds 4,769,662 shares, controlling over 6.84% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in LMND, holding 3,078,638 shares or 4.42% stake. With a 6.65% stake in LMND, the Man Funds VI Plc – GLG Event Driv is the largest stakeholder. A total of 4,634,314 shares are owned by the mutual fund manager. The Vanguard US Growth Fund, which owns about 3.23% of LMND stock, is the second-largest Mutual Fund holder. It holds 2,251,312 shares valued at 30.98 million. Vanguard Total Stock Market ETF holds 2.96% of the stake in LMND, owning 2,060,137 shares worth 28.35 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LMND since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LMND analysts setting a high price target of $40.00 and a low target of $8.00, the average target price over the next 12 months is $18.00. Based on these targets, LMND could surge 210.8% to reach the target high and fall by -37.84% to reach the target low. Reaching the average price target will result in a growth of 39.86% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded LMND stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 44,200 shares were bought while 5,000 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 262,850 while 11,997,269 shares were sold.

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