Neutron Holdings, Inc. (LIME) – What Are Analysts Saying About This Stock?

Neutron Holdings, Inc. (NASDAQ:LIME) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $34.00.

Several analysts have recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $37.00 price objective on shares of Neutron in a research report on Wednesday, November 4th. Needham & Company LLC dropped their target price on shares of Neutron from $36.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, November 4th. Citigroup reaffirmed a “market outperform” rating on shares of Neutron in a report on Monday, October 26th. KeyCorp increased their price target on Neutron from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Zacks Research cut Neutron from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th.

Neutron Stock Performance

NASDAQ LIME opened at $17.51 on Wednesday. Neutron has a 12 month low of $17.22 and a 12 month high of $44.38. The company has a market cap of $1.14 billion and a PE ratio of -1,751.00. The business’s 50 day moving average price is $27.92.

Neutron (NASDAQ:LIME) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.20. The firm had revenue of $360.63 million for the quarter, compared to analysts’ expectations of $349.30 million. Neutron’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 EPS. Sell-side analysts predict that Neutron will post 3.82 earnings per share for the current fiscal year.

Institutional Trading of Neutron

An institutional investor recently bought a new stake in Neutron stock. Mawer Investment Management Ltd. bought a new stake in shares of Neutron Holdings, Inc. (NASDAQ:LIME) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,446,242 shares of the company’s stock, valued at approximately $40,741,000. Mawer Investment Management Ltd. owned 2.23% of Neutron at the end of the most recent quarter.

Neutron Company Profile

Neutron Holdings, Inc., which operates under the Lime name, provides shared electric micromobility services. Through its mobile app, riders can locate and rent electric scooters and bikes for short trips. Founded in 2017, Lime has expanded from its early bike-sharing operations to offer electric vehicles in cities across multiple countries. Its services are intended for urban transportation and are often used for first- and last-mile connections. Wayne Ting has served as Lime’s chief executive officer.