Wedbush Has Positive Forecast for Lyft Q1 Earnings

Lyft, Inc. (NASDAQ:LYFT) – Investment analysts at Wedbush increased their Q1 2025 earnings per share (EPS) estimates for shares of Lyft in a note issued to investors on Wednesday, February 12th. Wedbush analyst S. Devitt now expects that the ride-sharing company will earn ($0.02) per share for the quarter, up from their prior forecast of ($0.08). Wedbush has a “Neutral” rating and a $16.00 price target on the stock. The consensus estimate for Lyft’s current full-year earnings is $0.06 per share. Wedbush also issued estimates for Lyft’s Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.28 EPS and FY2026 earnings at $0.48 EPS.

A number of other equities research analysts have also issued reports on LYFT. Tigress Financial boosted their price target on shares of Lyft from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Loop Capital boosted their target price on shares of Lyft from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Bank of America raised their target price on Lyft from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price target on Lyft from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald decreased their price objective on Lyft from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Twenty-six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.22.

Lyft Trading Down 0.3 %

Shares of NASDAQ:LYFT opened at $13.43 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of -83.94, a PEG ratio of 1.94 and a beta of 2.16. Lyft has a 1-year low of $8.93 and a 1-year high of $20.82. The company has a 50 day moving average price of $13.83 and a 200 day moving average price of $13.54.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Tuesday, February 11th. The ride-sharing company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%.

Hedge Funds Weigh In On Lyft

Large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. grew its holdings in Lyft by 3.8% in the 4th quarter. QRG Capital Management Inc. now owns 24,493 shares of the ride-sharing company’s stock worth $316,000 after acquiring an additional 903 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Lyft by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 28,454 shares of the ride-sharing company’s stock valued at $363,000 after buying an additional 969 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Lyft by 6.4% during the fourth quarter. Guggenheim Capital LLC now owns 16,023 shares of the ride-sharing company’s stock valued at $207,000 after acquiring an additional 970 shares in the last quarter. XTX Topco Ltd lifted its stake in Lyft by 2.5% in the third quarter. XTX Topco Ltd now owns 42,203 shares of the ride-sharing company’s stock worth $538,000 after acquiring an additional 1,043 shares during the period. Finally, US Bancorp DE boosted its holdings in Lyft by 2.6% in the fourth quarter. US Bancorp DE now owns 41,539 shares of the ride-sharing company’s stock valued at $536,000 after acquiring an additional 1,045 shares in the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lyft

In other news, Director Logan Green sold 10,919 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $17.25, for a total transaction of $188,352.75. Following the transaction, the director now directly owns 314,492 shares in the company, valued at approximately $5,424,987. This represents a 3.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.07% of the company’s stock.

Lyft declared that its board has authorized a share repurchase program on Tuesday, February 11th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the ride-sharing company to buy up to 8.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

About Lyft

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.