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

Mawer Investment Management Ltd. acquired a new position in shares of Neutron Holdings, Inc. (NASDAQ:LIME) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,446,242 shares of the company’s stock, valued at approximately $40,741,000. Mawer Investment Management Ltd. owned approximately 2.23% of Neutron at the end of the most recent reporting period.

Wall Street Analyst Weigh In

LIME has been the subject of a number of recent research reports. Needham & Company LLC lowered their target price on Neutron from $36.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, November 4th. Citizens Jmp reduced their price target on Neutron from $33.00 to $27.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 4th. Zacks Research cut Neutron from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. Citigroup restated a “market outperform” rating on shares of Neutron in a report on Monday, October 26th. Finally, 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 report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Neutron Price Performance

LIME stock traded up $1.20 during trading on Friday, reaching $20.19. The stock had a trading volume of 414,170 shares, compared to its average volume of 584,844. Neutron Holdings, Inc. has a 1-year low of $17.22 and a 1-year high of $44.38. The firm has a market capitalization of $1.31 billion and a P/E ratio of 32.56. The company has a fifty day moving average of $26.67.

Neutron (NASDAQ:LIME) last announced its 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 business had revenue of $360.63 million for the quarter, compared to analyst estimates of $349.30 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. On average, research analysts expect that Neutron Holdings, Inc. will post 3.82 EPS for the current fiscal year.

Neutron 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.