Lemonade Inc. (LMND) Shares Decline by -5.61% to Close at $16.98

As of close of business last night, Lemonade Inc.’s stock clocked out at $16.98, down -5.61% from its previous closing price of $17.99. In other words, the price has decreased by -$1.01 from its previous closing price. On the day, 1734760 shares were traded. LMND stock price reached its highest trading level at $17.50 during the session, while it also had its lowest trading level at $16.62.

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To gain a deeper understanding of LMND’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 07 when BIXBY TIMOTHY E sold 1,945 shares for $14.94 per share. The transaction valued at 29,058 led to the insider holds 270,055 shares of the business.

Peters John Sheldon sold 663 shares of LMND for $9,905 on Mar 07. The Chief Insurance Officer now owns 48,322 shares after completing the transaction at $14.94 per share. On Nov 01, another insider, Peters John Sheldon, who serves as the Chief Insurance Officer of the company, sold 4,265 shares for $25.00 each. As a result, the insider received 106,625 and left with 8,985 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LMND now has a Market Capitalization of 1.02B and an Enterprise Value of 769.55M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.92 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 2.50.

Stock Price History:

Over the past 52 weeks, LMND has reached a high of $32.97, while it has fallen to a 52-week low of $10.28. The 50-Day Moving Average of the stock is 13.74, while the 200-Day Moving Average is calculated to be 18.12.

Shares Statistics:

It appears that LMND traded 1.38M shares on average per day over the past three months and 1.49M shares per day over the past ten days. A total of 69.33M shares are outstanding, with a floating share count of 48.29M. Insiders hold about 28.34% of the company’s shares, while institutions hold 34.00% stake in the company. Shares short for LMND as of May 14, 2023 were 13.48M with a Short Ratio of 12.59M, compared to 12.9M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 19.40% and a Short% of Float of 26.86%.

Earnings Estimates

As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.99 for the current quarter, with a high estimate of -$0.9 and a low estimate of -$1.04, while EPS last year was -$1.1. The consensus estimate for the next quarter is -$0.99, with high estimates of -$0.89 and low estimates of -$1.09.

Analysts are recommending an EPS of between -$3.55 and -$3.99 for the fiscal current year, implying an average EPS of -$3.83. EPS for the following year is -$3.52, with 9 analysts recommending between -$2.64 and -$3.98.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $97.31M. It ranges from a high estimate of $101M to a low estimate of $96M. As of the current estimate, Lemonade Inc.’s year-ago sales were $50M, an estimated increase of 94.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $102.39M, an increase of 38.40% less than the figure of $94.60% in the same quarter last year. There is a high estimate of $106M for the next quarter, whereas the lowest estimate is $99.2M.

A total of 6 analysts have provided revenue estimates for LMND’s current fiscal year. The highest revenue estimate was $410.1M, while the lowest revenue estimate was $392.2M, resulting in an average revenue estimate of $398.43M. In the same quarter a year ago, actual revenue was $256.7M, up 55.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $462.09M in the next fiscal year. The high estimate is $502.4M and the low estimate is $415.2M. The average revenue growth estimate for next year is up 16.00% from the average revenue estimate for this year.