Lyft, Inc. (NASDAQ:LYFT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lyft, Inc. (NASDAQ:LYFT) have been assigned a consensus recommendation of “Hold” from the thirty-four brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, twenty-two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.7581.

LYFT has been the topic of several recent analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Lyft in a research note on Monday. Zephirin Group upped their price objective on shares of Lyft from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lyft from $21.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, November 7th. BMO Capital Markets raised their target price on shares of Lyft from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Finally, Arete Research set a $20.00 price target on shares of Lyft and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd.

Insider Buying and Selling

In other Lyft news, CEO John David Risher purchased 5,030 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $19.80 per share, for a total transaction of $99,594.00. Following the completion of the transaction, the chief executive officer owned 11,802,296 shares in the company, valued at $233,685,460.80. This represents a 0.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Prashant Aggarwal sold 96,900 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $2,160,870.00. Following the sale, the director directly owned 874,369 shares of the company’s stock, valued at approximately $19,498,428.70. This represents a 9.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 187,443 shares of company stock worth $4,178,618 in the last ninety days. Insiders own 3.07% of the company’s stock.

Institutional Trading of Lyft

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of Lyft in the fourth quarter worth $40,000. Allegiance Financial Group Advisory Services LLC grew its stake in Lyft by 4.3% in the fourth 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 in the last quarter. Swedbank AB acquired a new position in Lyft in the 4th quarter worth about $108,472,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Lyft by 11.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 411,345 shares of the ride-sharing company’s stock worth $7,968,000 after purchasing an additional 40,709 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Lyft by 125.3% during the 4th quarter. Van Berkom & Associates Inc. now owns 78,417 shares of the ride-sharing company’s stock valued at $1,519,000 after buying an additional 43,617 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Price Performance

LYFT opened at $16.76 on Wednesday. The company has a 50-day moving average of $19.51 and a 200-day moving average of $19.02. The company has a market capitalization of $6.69 billion, a P/E ratio of 44.11, a PEG ratio of 1.07 and a beta of 1.93. Lyft has a 1-year low of $9.66 and a 1-year high of $25.54. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lyft had a net margin of 2.40% and a return on equity of 18.29%. Lyft’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. Equities analysts expect that Lyft will post 0.22 EPS for the current fiscal 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.