How to buy shares in Metromile.
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – MILE – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a ...
Should you hold Metromile (mile) stock?
Nov 30, 2020 · How to buy shares in Metromile Compare share trading platforms. . Use our comparison table to help you find a platform that fits you. Open your brokerage account. . Complete an application with your details. Confirm your payment details. . Fund your account. Research the stock. . Find the stock ...
How much did Metromile buy Insu for?
About Metromile Stock Metromile is a pay-per-mile auto insurance company in the U.S. Metromile aims to provide low-mileage drivers the ability to reduce their insurance bills. Through a wireless device, called Metromile Pulse, the Company has the ability to track the amount of miles a user drives, along with providing data to optimize how ...
What are analysts' target price targets for Metromile's stock?
Metromile Stock. metromile.com FinTech Founded: 2011 Funding to Date: $286.98MM. Metromile is an insurtech company focused on savings, service, and features that engage a customer all along their journey. Buy or sell Metromile stock. Metromile became a publicly listed company on February 10, 2021 after completing a business combination with ...
What is Metromile and how does it work?
Apr 03, 2022 · Their forecasts range from $2.05 to $7.00. On average, they anticipate Metromile's share price to reach $4.53 in the next year. This suggests a possible upside of 267.9% from the stock's current price. View analysts' price targets for Metromile or view top-rated stocks among Wall Street analysts.
Is Metromile a good stock?
Metromile has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Who is Metromile owned by?
Lemonade, Inc.On 8 November 2021, Lemonade, Inc. announced that it would fully acquire Metromile in an all-stock transaction which implies a fully diluted equity value of approximately $500 million, or around $200 million net of cash.
Why is Metromile stock going down?
Metromile CEO Dan Preston attributed issues in the quarter to "higher than expected cancellations due to consumer behavioral changes" and "unexpected industrywide regulatory delays." Preston added that "these results are not acceptable to us."Aug 10, 2021
Did lemonade buy Metromile?
Insurance disruptor Lemonade ( LMND 1.04% ) recently announced its intention to acquire fellow insurance tech company Metromile ( MILE -0.84% ) in an all-stock deal, and judging by the buyer's stock performance following the announcement, it's fair to say many investors weren't thrilled.Dec 9, 2021
Who did lemonade buy?
MetromileHere's what investors need to know. When Lemonade ( LMND 3.84% ) announced in November that it would be acquiring Metromile ( MILE 4.24% ), investors' response to the deal was decidedly mixed. Like many growth stocks in recent months, shares of Lemonade have fallen considerably from their all-time high.Jan 12, 2022
What happened Metromile?
Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported.Nov 9, 2021
Is Metromile a buy right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Metromile in the last twelve months. There are currently...
Are investors shorting Metromile?
Metromile saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 11,770,000 shares, an...
How were Metromile's earnings last quarter?
Metromile, Inc. (NASDAQ:MILE) announced its quarterly earnings results on Monday, November, 15th. The company reported ($0.21) earnings per share f...
What price target have analysts set for MILE?
2 brokers have issued 1 year price targets for Metromile's shares. Their forecasts range from $2.05 to $7.00. On average, they expect Metromile's s...
Who are Metromile's key executives?
Metromile's management team includes the following people: Mr. Dan Preston , CEO, Pres & Director (Age 35, Pay $370.95k) Mr. Paw Andersen , Chi...
Who are some of Metromile's key competitors?
Some companies that are related to Metromile include Tiptree (TIPT) , Donegal Group (DGICA) , Universal Insurance (UVE) , GAINSCO (GANS) , Glo...
What is Metromile's stock symbol?
Metromile trades on the NASDAQ under the ticker symbol "MILE."
Who are Metromile's major shareholders?
Metromile's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.77%), Mil...
Which institutional investors are selling Metromile stock?
MILE stock was sold by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, Geode Capital Manag...
How to buy Metromile stock in Canada
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Is it a good time to buy Metromile stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
How to short and sell Metromile stocks
Metromile's "short interest ratio" (SIR) is the quantity of Metromile stocks currently shorted divided by the average quantity of Metromile stocks traded daily (recently around 1.6 million). Metromile's SIR currently stands at 6.41.
Metromile stock dividends
We're not expecting Metromile to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.
Metromile overview
Metromile, Inc. provides pay-per-mile car insurance services in the United States and internationally. The company also licenses artificial intelligence claims platform to automate claims, reduce losses associated with fraud, and unlock the productivity of insurance carriers' employees.
Frequently asked questions
Currently 39.199% of Metromile stocks are held by insiders and 61.425% by institutions.
About Metromile Stock
Metromile is a pay-per-mile auto insurance company in the U.S. Metromile aims to provide low-mileage drivers the ability to reduce their insurance bills.
Other Companies
EquityZen does not have an affiliation with, formal relationship with, or endorsement from Metromile or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.
Is Metromile a buy right now?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Metromile in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Metromile stock.
What stocks does MarketBeat like better than Metromile?
Wall Street analysts have given Metromile a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Metromile wasn't one of them.
When is Metromile's next earnings date?
Metromile is scheduled to release its next quarterly earnings announcement on Monday, November 8th 2021.#N#View our earnings forecast for Metromile.
How were Metromile's earnings last quarter?
Metromile, Inc. (NASDAQ:MILE) posted its quarterly earnings results on Monday, August, 9th. The company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.75) by $0.25. The business had revenue of $7.72 million for the quarter, compared to analyst estimates of $11.60 million.#N#View Metromile's earnings history.
What price target have analysts set for MILE?
2 brokers have issued twelve-month price objectives for Metromile's stock. Their forecasts range from $6.00 to $7.00. On average, they anticipate Metromile's share price to reach $6.50 in the next twelve months.
Who are some of Metromile's key competitors?
Some companies that are related to Metromile include Horace Mann Educators (HMN), SiriusPoint (SPNT), James River Group (JRVR), ProAssurance (PRA), Safety Insurance Group (SAFT), Employers (EIG), AMERISAFE (AMSF), HCI Group (HCI), BlackRock TCP Capital (TCPC), United Fire Group (UFCS), ProSight Global (PROS), ProSight Global (PROS), Trean Insurance Group (TIG), Donegal Group (DGICA) and Universal Insurance (UVE).#N#View all of MILE's competitors..
Who are Metromile's major shareholders?
Metromile's stock is owned by a variety of retail and institutional investors. Top institutional investors include Intact Financial Corp (7.94%), Vanguard Group Inc. (6.22%), Miller Value Partners LLC (5.03%), Massachusetts Financial Services Co. MA (2.89%), BlackRock Inc. (2.41%) and Nantahala Capital Management LLC (2.16%).
Metromile, Inc. (MILE)
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
Style Scorecard
The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.
Chart for MILE
Metromile Inc. provides digital insurance platform principally in the United States. The company offers real-time, personalized auto insurance policies. Metromile Inc., formerly known as INSU Acquisition Corp. II, is based in SAN FRANCISCO.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, August 26, 2021, and so far it has risen 23.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $4.44 and $4.18. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Metromile, Inc. finds support just below today's level at $4.44.
Is Metromile, Inc. stock A Buy?
Metromile, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
How much is Insu 2 combined with Metromile?
INSU II combined with Metromile for $842 million in INSU II Class A common stock and up to $30 million of cash. An additional 10 million shares will be earned if the combined company reaches a certain price over time. The transaction gives an enterprise value of $956 million at closing. There is a $160 million committed PIPE from investors led by Social Capital. The transaction was expected to give Metromile about $294 million in cash at closing.
Is Metromile a SPAC?
Metromile Stock SPAC. Metromile didn’t go public via traditional IPO. Instead, the company followined the 2020 trend of a SPAC IPO. A SPAC is a special purpose acquisition company. Although it has no business operations, the SPAC goes public via IPO and raises capital to acquire a company in the future. In this case, Metromile is the acquired ...
What is Metromile insurance?
Under the leadership of CEO Dan Preston since 2014, Metromile is one of the leading PPM car insurance companies. It’s disrupting the $280 billion auto insurance industry in the U.S market.
How much does Metromile save?
Metromile claims its customers save 47% on average compared to plans with previous insurers. The company says its fully digital process gives fairer pricing and billing by using more precise rates and not industry-standard estimates. If that sounds familiar, auto insurance startup Root also makes this claim.
