Wolfe Research has raised the Lemonade Inc. (NYSE: LMND) share price target to “underperformance”. The rating was released on August 17, 2021. The BofA Securities research report initiated the stock to Underperform, with a price target set at $ 29. The stock was uplifted by Oppenheimer, who disclosed in a March 8, 2021 research note from Perform to Outperform and set the price target at $ 110. In their research brief published on November 2, 2020, analysts at Piper Sandler launched Lemonade Inc. stock overweight with a price target of $ 63.
The latest exchanges, performances and moving averages give us the following picture
Lemonade Inc. (NYSE: LMND) stock price fell -2.50% to close Friday’s trading session at $ 77.32, lower from yesterday’s close. The share price fluctuated between $ 76.325 and $ 79.25 throughout the trading session with trading volume of 973,290 shares, which was a significant change from the three-month average volume of 1 , 48 million shares. The company’s stock price has fluctuated 1.63% in the last five trades and -2.91% in the last 30 trades, which is a significant change from the start of this year. Despite the fact that the share price has fallen by -10.87% in the last 6 months and -21.91% has been subtracted from its value in the previous 3 months. LMND stock trades with a margin of 2.57%, -11.07% and -23.47% outside of the 20-day, 50-day and 200-day simple moving average prices.
As soon as the markets close, LMND deals in the financial field. The stock is trading -58.94% below its 52 week high and 75.29% above its 52 week low. For example, looking at both the price and the 52 week high and low metrics will give you a clearer picture of where the price is heading. The company’s weighted alpha is 12.93. A positive weighted alpha indicates that the company did well during the year, while an alpha less than 0 indicates that the company did poorly.
What do Lemonade Inc.’s profitability and valuation ratios tell us about the stock?
The stock’s market cap reached a total value of $ 4.54 billion in the last trading session. Market capitalization is the total value of all the outstanding shares of a company and it is used to measure the market value of a company. The forward price / earnings ratio is calculated using the expected earnings for determining the next year’s P / E. The share achieved an effective price / sales ratio of 50.41 which reflects the cost of sales to the market. The company managed a price-to-book ratio of 4.31, which equates to the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in stocks controlled by the management of a company because a management company will be more likely to run the business itself and never act against the wishes of management and will always try to doing what is best for their shareholders. Currently, 0.70% of the shares of Lemonade Inc. are held by insiders and 34.00% are held by financial institutions. Peters John Sheldon, the director of insurance for Lemonade Inc. (LMND) sold 500 shares of the company on September 1 at a price of $ 78.24 for a total amount of $ 39,120.0. In another insider dealing, Peters John Sheldon, Insurance Director of Lemonade Inc. (NYSE: LMND) sold 750 shares of the company on August 02 for a total value of $ 66,505.0 at a price of $ 88.67 . In an insider trading that took place on June 08, Lemonade Inc. director Eisenberg Michael A sold 10,000 shares of the company for a total price of $ 1.04 million priced at $ 103.54 per action.