Look For Institutional Buying In Lemonade Inc (NYSE: LMND)

Lemonade Inc (LMND) concluded trading on 12/14/23 at a closing price of $18.99, with 4.58 million shares of worth about $87.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.19% during that period and on Thursday the price saw a gain of about 2.10%. Currently the company’s common shares owned by public are about 69.28M shares, out of which, 49.53M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 16 times over the past 12 months. They bought 249,600 shares in 10 of the transactions. In 6 selling transactions, insiders dumped 11,993,004 shares.

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However, the stock later moved at a day high price of 20.59, or with a gain of 2.10%. Stock saw a price change of 8.64% in past 5 days and over the past one month there was a price change of 20.96%. Year-to-date (YTD), LMND shares are showing a performance of 38.82% which increased to 8.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.27 but also hit the highest price of $24.81 during that period. The average intraday trading volume for Lemonade Inc shares is 1.81 million. The stock is currently trading 9.24% above its 20-day simple moving average (SMA20), while that difference is up 28.94% for SMA50 and it goes to 24.28% higher than SMA200.

Lemonade Inc (NYSE: LMND) currently have 69.28M outstanding shares and institutions hold larger chunk of about 36.25% of that.

The stock has a current market capitalization of $1.33B and its 3Y-monthly beta is at 1.97. It has posted earnings per share of -$3.72 in the same period. It has a debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LMND, volatility over the week remained 7.80% while standing at 7.12% over the month.

Analysts are in expectations that Lemonade Inc (LMND) stock would likely to be making an EPS of -$0.79 in the current quarter, while forecast for next quarter EPS is -$0.78 and it is -$3.23 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.86 which is -$0.71 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.93 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 21.86% while it is estimated to increase by 10.71% in next year. EPS is likely to grow at an annualized rate of 19.50% for next 5-years, compared to annual growth of -55.99% made by the stock over the past 5-years.

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