Lemonade, Inc. (NYSE:LMND) Stock Jumped 40.33% Over A Month – No Room To Run?

Lemonade, Inc. (NYSE:LMND)’s traded shares stood at 2,199,441 during the last session, with the company’s beta value hitting 0. At the close of trading, the stock’s price was $119.34, to imply a decline of -2.18% or -$2.66 in intraday trading. The LMND share’s 52-week high remains $137.3, putting it -15.05% down since that peak but still an impressive +63.04% since price per share fell to its 52-week low of $44.11. The company has a valuation of $6.75 Billion, with an average of 4.87 Million shares in intraday trading volume over the past 10 days and average of 2.42 Million shares over the past 3 months.

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Analysts have given a consensus recommendation of Hold for Lemonade, Inc. (LMND), translating to a mean rating of 3. Of 8 analyst(s) looking at the stock, 2 analyst(s) give LMND a Sell rating. None of those analysts rate the stock as Overweight while 4 advise Hold as 2 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.65.

After registering a -2.18% downside in the last session, Lemonade, Inc. (LMND) has traded green over the past five days. The stock hit a weekly high of $131.2 this Wednesday, Dec 30, jumping 9.05% in its intraday price action. The 5-day price performance for the stock is 0.85%, and 40.33% over 30 days. With these gigs, the year-to-date price performance is -2.58%. Short interest in Lemonade, Inc. (NYSE:LMND) saw shorts transact 7.41 Million shares and set a 3.06 days time to cover.

Analysts on Wall Street suggest a consensus price target of $73.17, implying a decline of -38.69% to the stock’s current value. The extremes give us $45 and $105 for target low and target high price respectively. As such, LMND has been trading -12.02% off suggested target high and -62.29% from its likely low.

Lemonade, Inc. (LMND) estimates and forecasts

An assessment of the company’s 5-year growth patterns shows that annual earnings fell an estimated 0% for the past 5-year period. While 2021 is set for a -105.1% return in earnings, projections for the next 5 years are at 0% annually.

Lemonade, Inc. (NYSE:LMND)’s Major holders

Lemonade, Inc. insiders hold 33.34% of total outstanding shares, with institutional holders owning 29.38% of the shares at 44.08% float percentage. In total, 167 institutions holds shares in the company, led by Softbank Group Corporation. As of Sep 29, 2020, the company held over 11.98 Million shares (or 21.18% of shares), all amounting to roughly $595.81 Million.

The next major institution holding the largest number of shares is Baillie Gifford and Company with 3.17 Million shares, or about 5.6% of shares outstanding. As of the market price on Sep 29, 2020, these shares were worth $157.44 Million.

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We also have Vanguard U.S. Growth Fund and JP Morgan Small Cap Growth Fund as the top two Mutual Funds with the largest holdings of the Lemonade, Inc. (LMND) shares. Going by data provided on Aug 30,2020, Vanguard U.S. Growth Fund holds roughly 941,310 shares. This is just over 1.66% of the total shares, with a market valuation of $55.25 Million. Data from the same date shows that the other fund manager holds a little less at 430.31 Thousand, or 0.76% of the shares, all valued at about $29.81 Million.

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