Wedbush Predicts Lyft’s FY2025 Earnings (NASDAQ:LYFT)

Lyft, Inc. (NASDAQ:LYFT) – Stock analysts at Wedbush dropped their FY2025 earnings estimates for Lyft in a research note issued on Monday, January 6th. Wedbush analyst S. Devitt now expects that the ride-sharing company will post earnings per share of $0.15 for the year, down from their prior forecast of $0.18. Wedbush currently has a “Neutral” rating and a $18.00 target price on the stock. The consensus estimate for Lyft’s current full-year earnings is $0.08 per share.

LYFT has been the topic of several other reports. Truist Financial raised their target price on shares of Lyft from $13.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of Lyft from $13.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Raymond James began coverage on shares of Lyft in a research note on Tuesday, September 24th. They issued a “market perform” rating for the company. Cantor Fitzgerald lifted their price target on Lyft from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, DA Davidson boosted their price target on Lyft from $11.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Twenty-seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.78.

Lyft Trading Down 6.7 %

NASDAQ:LYFT opened at $13.36 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.75 and a quick ratio of 0.75. The business’s 50-day simple moving average is $15.43 and its 200-day simple moving average is $13.43. Lyft has a fifty-two week low of $8.93 and a fifty-two week high of $20.82. The stock has a market capitalization of $5.54 billion, a PE ratio of -83.50, a price-to-earnings-growth ratio of 4.10 and a beta of 2.14.

Lyft (NASDAQ:LYFT) last posted its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 31.6% on a year-over-year basis.

Hedge Funds Weigh In On Lyft

Hedge funds have recently bought and sold shares of the business. True Wealth Design LLC bought a new stake in Lyft in the 3rd quarter valued at about $27,000. Brown Brothers Harriman & Co. bought a new stake in shares of Lyft in the second quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new stake in Lyft during the third quarter worth approximately $38,000. Quarry LP increased its stake in Lyft by 4,032.6% during the 2nd quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock worth $50,000 after acquiring an additional 3,468 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in Lyft in the 3rd quarter valued at $70,000. 83.07% of the stock is owned by institutional investors.

Insider Activity

In other Lyft news, insider Lindsay Catherine Llewellyn sold 4,242 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $17.76, for a total value of $75,337.92. Following the transaction, the insider now directly owns 755,847 shares of the company’s stock, valued at $13,423,842.72. This represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of Lyft stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $18.02, for a total value of $163,639.62. Following the sale, the chief accounting officer now directly owns 332,243 shares of the company’s stock, valued at $5,987,018.86. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,242 shares of company stock valued at $427,330 over the last ninety days. 3.07% of the stock is currently owned by company insiders.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.