1,446,242 Shares in Neutron Holdings, Inc. $LIME Purchased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. bought a new stake in Neutron Holdings, Inc. (NASDAQ:LIME) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,446,242 shares of the company’s stock, valued at approximately $40,741,000.

Neutron Price Performance

NASDAQ LIME traded up $1.20 on Friday, hitting $20.19. 414,170 shares of the stock traded hands, compared to its average volume of 584,844. The company has a 50-day moving average price of $26.67. Neutron Holdings, Inc. has a twelve month low of $17.22 and a twelve month high of $44.38. The stock has a market capitalization of $1.31 billion and a P/E ratio of 32.56.

Neutron (NASDAQ:LIME) last released its earnings results on Tuesday, November 3rd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.20. The firm had revenue of $360.63 million for the quarter, compared to the consensus estimate of $349.30 million. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Research analysts expect that Neutron Holdings, Inc. will post 3.82 earnings per share for the current year.

Analysts Set New Price Targets

LIME has been the subject of a number of recent analyst reports. Evercore reissued an “outperform” rating and set a $35.00 price target on shares of Neutron in a research report on Wednesday, November 4th. Citizens Jmp cut their price target on shares of Neutron from $33.00 to $27.00 and set a “market outperform” rating on the stock in a report on Wednesday, November 4th. Jefferies Financial Group set a $45.00 price objective on shares of Neutron in a research note on Monday, July 27th. KeyCorp increased their price objective on shares of Neutron from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Zacks Research lowered shares of Neutron from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Neutron currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.