Shares of Lyft, Inc. (NASDAQ:LYFT – Get Free Report) have received an average recommendation of “Hold” from the thirty-three ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twenty-two have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.8276.
A number of equities analysts have recently commented on LYFT shares. Canaccord Genuity Group reduced their price objective on shares of Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a report on Friday, May 8th. Guggenheim reaffirmed a “buy” rating on shares of Lyft in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lyft in a report on Wednesday, May 6th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $23.00 price objective on shares of Lyft in a report on Friday, May 8th.
Check Out Our Latest Research Report on LYFT
Insider Transactions at Lyft
Hedge Funds Weigh In On Lyft
Several institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its holdings in Lyft by 23.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock valued at $75,000 after purchasing an additional 639 shares during the last quarter. CI Investments Inc. lifted its holdings in Lyft by 39.1% during the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock valued at $51,000 after purchasing an additional 653 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Lyft by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock valued at $248,000 after purchasing an additional 681 shares during the last quarter. Allegiance Financial Group Advisory Services LLC lifted its holdings in Lyft by 4.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock valued at $352,000 after purchasing an additional 756 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Lyft by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock valued at $3,684,000 after purchasing an additional 771 shares during the last quarter. 83.07% of the stock is owned by institutional investors.
Lyft Price Performance
Shares of Lyft stock opened at $13.54 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58. Lyft has a fifty-two week low of $12.46 and a fifty-two week high of $25.54. The firm has a fifty day moving average price of $13.90 and a two-hundred day moving average price of $15.91. The company has a market cap of $5.14 billion, a PE ratio of 1.98, a price-to-earnings-growth ratio of 0.80 and a beta of 1.82.
Lyft (NASDAQ:LYFT – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.Lyft’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. Analysts expect that Lyft will post 0.69 EPS for the current year.
Lyft Company Profile
Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.
Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.
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