Lyft, Inc. (NASDAQ:LYFT) Given Consensus Rating of “Hold” by Brokerages

Shares of Lyft, Inc. (NASDAQ:LYFT) have received a consensus recommendation of “Hold” from the thirty-four brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.6613.

Several brokerages have weighed in on LYFT. Morgan Stanley set a $17.00 price objective on Lyft in a research note on Wednesday, February 11th. Royal Bank Of Canada decreased their target price on Lyft from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Canaccord Genuity Group lowered their target price on Lyft from $19.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. The Goldman Sachs Group raised their price target on Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Susquehanna reissued a “neutral” rating and set a $15.00 price target on shares of Lyft in a report on Thursday, February 12th.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Acquisition/growth signal — coverage highlights Lyft’s deal to buy FreeNow, which could expand its geographic footprint and address demand-supply scale benefits (a potential long-term positive for revenue and market reach). Lyft Union Push And FreeNow Deal Reshape Growth And Valuation Outlook
• Positive Sentiment: Local demand promotion — a Houston-area law firm arranged discounted Lyft rides for Rodeo attendees, a small but positive user-acquisition/PR event that can boost local trips. Houston-area law firm to offer discounted Lyft rides from Houston Livestock Show and Rodeo
• Positive Sentiment: Investor visibility — Lyft presented at Bernstein’s Tech, Media & Telecom forum (transcript published), which helps communicate strategy to institutional investors and can support sentiment if guidance or unit economics look favorable. Lyft Presents at Bernstein Insights
• Neutral Sentiment: Analyst stances mixed — JPMorgan reaffirmed a Hold with a $19 target while other shops have trimmed targets; varied price targets leave analyst-driven catalyst limited near term. Where is Lyft, Inc. (LYFT) Headed According to the Street?
• Neutral Sentiment: Options and floor debate — options-flow analysis and commentary (Benzinga/Forbes) show traders positioning around a potential bottom; useful for short-term volatility but ambiguous for fundamentals. What the Options Market Tells Us About Lyft
• Negative Sentiment: Insider selling — an insider sold ~23,661 shares (~$314.7k at ~$13.30), trimming their position; while not a huge block, insider sales can weigh on sentiment when the stock is already weak. SEC Form 4 — Insider Sale
• Negative Sentiment: Labor/headcount pressure — union activity in California and Seattle protests urging Uber/Lyft to stop adding drivers highlight regulatory and labor risks that could raise costs or constrain growth tactics. WA union for Uber, Lyft drivers wants companies to stop hiring
• Negative Sentiment: Safety/PR hit — a reported incident during a ride (Utah passenger safety story) can pressure brand perception and potentially increase compliance/safety costs. Utah woman orders food delivery during a Lyft ride—unaware her driver was plotting something chilling

Lyft Trading Down 1.8%

Shares of LYFT opened at $13.84 on Friday. The stock’s fifty day simple moving average is $17.17 and its 200 day simple moving average is $19.01. Lyft has a twelve month low of $9.66 and a twelve month high of $25.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.51 billion, a P/E ratio of 2.03, a price-to-earnings-growth ratio of 0.83 and a beta of 1.93.

Lyft declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 10th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the ride-sharing company to reacquire up to 15.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Lyft

In related news, CEO John David Risher purchased 5,030 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of $19.80 per share, with a total value of $99,594.00. Following the completion of the acquisition, the chief executive officer owned 11,802,296 shares of the company’s stock, valued at approximately $233,685,460.80. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Prashant Aggarwal sold 96,900 shares of Lyft stock in a transaction dated 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 completion of the transaction, the director directly owned 874,369 shares in the company, valued at $19,498,428.70. This represents a 9.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 209,638 shares of company stock worth $4,463,623 in the last quarter. Company insiders own 3.07% of the company’s stock.

Hedge Funds Weigh In On Lyft

Several institutional investors and hedge funds have recently modified their holdings of LYFT. Amalgamated Bank lifted its stake in shares of Lyft by 2.5% in the third quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company’s stock worth $477,000 after buying an additional 534 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position 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 worth $75,000 after acquiring an additional 639 shares during the last quarter. CI Investments Inc. boosted its holdings in Lyft by 39.1% during the third quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock valued at $51,000 after acquiring an additional 653 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Lyft by 5.6% in the fourth 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. Finally, Allegiance Financial Group Advisory Services LLC increased its stake in shares of 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 worth $352,000 after purchasing an additional 756 shares during the period. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

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.