Metromile is a newly-listed Insurtech company targeting the $266bn U.S. auto insurance market; shares are down 30% since listing in February. Similar to Root, Metromile's core proposition is based on a belief that most drivers are overpaying for their insurance.
Full Answer
How much is a Metromile stock worth?
One share of MILE stock can currently be purchased for approximately $4.00. How much money does Metromile make? Metromile has a market capitalization of $506.92 million. How many employees does Metromile have?
What is Metromile's mailing address?
Metromile's mailing address is 425 MARKET STREET #700, SAN FRANCISCO CA, 94105. The company can be reached via phone at 888-242-5204 or via email at [email protected].
Where can I buy shares of mile?
Shares of MILE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What happened with Metromile?
Lemonade said Monday that it agreed to buy fellow insurtech MetroMile for about $500 million in stock.
Is Metromile going out of business?
Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today.
Should I sell Metromile stock?
The consensus among Wall Street research analysts is that investors should "hold" Metromile stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MILE, but not buy additional shares or sell existing shares.
Is Metromile a good buy?
Metromile will certainly require patience for the story to turn around again. But the bottom line is that Metromile is still an appealing brand that serves a very compelling niche market, and its enterprise value of just over a quarter billion dollars is too enticing to ignore.
Who is buying Metromile?
disruptor LemonadeInsurance disruptor Lemonade (LMND 6.00%) recently announced its intention to acquire fellow insurance tech company Metromile (MILE 3.52%) 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.
Did Lemonade acquire Metromile?
Shareholders in the pay-per-mile auto insurer, Metromile Inc. have given their approval to the impending acquisition of the company by insurtech Lemonade.
Will MILE stock recover?
On average, Wall Street analysts predict that METROMILE's share price could reach $4.00 by May 11, 2023. The average METROMILE stock price prediction forecasts a potential upside of 405.69% from the current MILE share price of $0.79.
Can I buy Metromile stock?
Metromile does not currently offer a direct stock purchase plan. Common shares are available for purchase directly through any financial institution that offers brokerage services.
Why is MILE stock down?
Shares of the pay-per-mile auto insurer Metromile (NASDAQ:MILE) fall 22% after posting Q2 results that beat expectations but "encountered several unexpected challenges" such as greater-than-expected cancellations related to government-mandated COVID-19 payment extensions, CEO Dan Preston said in the earnings call.
Is MILE a good stock to buy?
MILE has a D grade for Qualityprior-year and an F for Stability. The stock's weak profitability and high volatility are reflected in these grades. Also, it has a D grade for Value.
How long has Metromile been in business?
Launched in 2011 in San Francisco, Metromile sells car insurance to people who would rather pay by the mile. As of August, 2019, it is available in eight states, including Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia, and Washington.
Does Metromile track your speed?
Using a device plugged into your car's diagnostic port, Metromile's app tracks your driving behavior including mileage, average speed, cornering or braking and the time of day you drive.
Should I buy or sell Metromile stock right now?
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Metromile in the last twelve months. There are currently 2 hold r...
What is Metromile's stock price forecast for 2022?
2 brokerages have issued twelve-month target prices for Metromile's shares. Their forecasts range from $2.05 to $7.00. On average, they predict Met...
How has Metromile's stock price performed in 2022?
Metromile's stock was trading at $2.19 at the beginning of the year. Since then, MILE shares have decreased by 59.3% and is now trading at $0.8909....
When is Metromile's next earnings date?
Metromile is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022. View our earnings forecast for Metromile .
How were Metromile's earnings last quarter?
Metromile, Inc. (NASDAQ:MILE) announced its quarterly earnings data on Monday, November, 15th. The company reported ($0.21) earnings per share (EPS...
Who are Metromile's key executives?
Metromile's management team includes the following people: Mr. Dan Preston , CEO, Pres & Director (Age 36, Pay $479.89k) Mr. Regi Vengalil , Ch...
Who are some of Metromile's key competitors?
Some companies that are related to Metromile include Global Indemnity Group (GBLI) , Universal Insurance (UVE) , Tiptree (TIPT) , Trean Insuran...
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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.88%), Vanguard...
Key Points
The results beat expectations, but disappointed investors on several fronts including growth and guidance for the rest of the year.
NASDAQ: MILE
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What happened
Shares of the digital car insurer Metromile ( MILE -6.05% ) had fallen close to 22% as of 10:40 a.m. EDT after the company reported earnings for the second quarter of 2021.
So what
Metromile, which charges premiums based on miles driven, reported a net earnings per share loss in the quarter of $0.33 on total revenue of nearly $29 million.
NASDAQ: MILE
Additionally, management said the company will defer near-term policies in force growth by a few quarters to focus on executing its existing strategy. As a result, the company is only projecting to end the year with more than 100,000 policies in force.
Now what
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."
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What happened
Shares of the digital car insurer Metromile (NASDAQ: MILE) were down more than 13% as of 11:35 a.m. EDT today for no obvious reason.
So what
A few possibilities might be leading to the decline today. For one, it's a technology company, so it might be suffering from news this morning that the U.S. Consumer Price Index (CPI) rose 5% over the last year. Economists were only expecting a rise of 4.7%.
Now what
For what it's worth, I do see potential in Metromile, which went public through a special purpose acquisition company and is backed by the venture capitalist and investor Chamath Palihapitiya.
What happened
Shares of the digital car insurer Metromile (NASDAQ: MILE) had fallen close to 22% as of 10:40 a.m. EDT after the company reported earnings for the second quarter of 2021.
So what
Metromile, which charges premiums based on miles driven, reported a net earnings per share loss in the quarter of $0.33 on total revenue of nearly $29 million.
Now what
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."
About Metromile
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.
Headlines
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Metromile (NASDAQ:MILE) Frequently Asked Questions
2 Wall Street research 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 research analysts is that investors should "hold" Metromile stock.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
What's Happening With MILE Stock Today?
Metromile Inc (MILE) stock is trading at $4.18 as of 10:29 AM on Friday, Aug 20, a drop of -$0.02, or -0.6% from the previous closing price of $4.20. The stock has traded between $4.12 and $4.29 so far today. Volume today is light. So far 485,574 shares have traded compared to average volume of 1,636,250 shares.
More About Metromile Inc
Metromile Inc is a digital insurance platform in the United States. It offers real-time, personalized auto insurance policies by the mile.
