Growing Through Challenges? – Lemonade Inc (LMND)

Currently, there are 70.16M common shares owned by the public and among those 51.64M shares have been available to trade.

The company’s stock has a 5-day price change of 24.39% and 132.02% over the past three months. LMND shares are trading 148.85% year to date (YTD), with the 12-month market performance up to 142.98% higher. It has a 12-month low price of $14.03 and touched a high of $35.17 over the same period. LMND has an average intraday trading volume of 1.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 51.18%, 89.98%, and 119.35% respectively.

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Institutional ownership of Lemonade Inc (NYSE: LMND) shares accounts for 41.42% of the company’s 70.16M shares outstanding.

It has a market capitalization of $2.87B and a beta (3y monthly) value of 1.75. The earnings-per-share (ttm) stands at -$3.04. The company has a debt-to-equity ratio at 0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.18% over the week and 8.45% over the month.

Earnings per share for the fiscal year are expected to increase by 10.96%, and 15.44% over the next financial year. EPS should grow at an annualized rate of 19.50% over the next five years, compared to -29.47% over the past 5-year period.

Looking at the support for the LMND, a number of firms have released research notes about the stock. Keefe Bruyette stated their Underperform rating for the stock in a research note on November 07, 2024, with the firm’s price target at $18-$21. TD Cowen coverage for the Lemonade Inc (LMND) stock in a research note released on January 10, 2024 offered a Market Perform rating with a price target of $17. Oppenheimer was of a view on December 01, 2023 that the stock is Perform, while Morgan Stanley gave the stock Underweight rating on June 20, 2023, issuing a price target of $14. BMO Capital Markets on their part issued Underperform rating on January 20, 2023.

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