Lyft, Inc. (NASDAQ:LYFT – Free Report) – Investment analysts at Roth Capital lifted their Q1 2025 earnings per share estimates for shares of Lyft in a report issued on Wednesday, February 12th. Roth Capital analyst R. Kulkarni now forecasts that the ride-sharing company will post earnings of ($0.08) per share for the quarter, up from their prior estimate of ($0.11). The consensus estimate for Lyft’s current full-year earnings is $0.06 per share. Roth Capital also issued estimates for Lyft’s Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.08 EPS and FY2025 earnings at ($0.06) EPS.
A number of other equities analysts also recently issued reports on LYFT. Wells Fargo & Company cut their price target on shares of Lyft from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada dropped their target price on shares of Lyft from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Roth Mkm boosted their price target on Lyft from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. DA Davidson lowered their price target on Lyft from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price objective on Lyft from $16.50 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Twenty-six equities research 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.22.
Lyft Price Performance
Lyft stock opened at $13.43 on Monday. The company has a market cap of $5.57 billion, a P/E ratio of -83.94, a price-to-earnings-growth ratio of 1.94 and a beta of 2.16. Lyft has a one year low of $8.93 and a one year high of $20.82. The business has a fifty day moving average of $13.83 and a two-hundred day moving average of $13.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75.
Lyft (NASDAQ:LYFT – Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The ride-sharing company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%.
Lyft announced that its board has initiated a share repurchase plan 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 reacquire up to 8.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Insiders Place Their Bets
In other news, Director Logan Green sold 10,919 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $17.25, for a total value of $188,352.75. Following the transaction, the director now directly owns 314,492 shares in the company, valued at $5,424,987. This trade represents a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.07% of the stock is currently owned by insiders.
Institutional Trading of Lyft
A number of institutional investors and hedge funds have recently bought and sold shares of LYFT. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Lyft by 90.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,544 shares of the ride-sharing company’s stock valued at $368,000 after acquiring an additional 13,528 shares in the last quarter. Westerly Capital Management LLC increased its holdings in Lyft by 50.0% in the 4th quarter. Westerly Capital Management LLC now owns 375,000 shares of the ride-sharing company’s stock valued at $4,838,000 after purchasing an additional 125,000 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Lyft during the 4th quarter valued at about $4,309,000. Schonfeld Strategic Advisors LLC lifted its position in Lyft by 194.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 502,563 shares of the ride-sharing company’s stock worth $6,483,000 after acquiring an additional 331,792 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Lyft by 60.9% in the fourth quarter. AQR Capital Management LLC now owns 4,823,906 shares of the ride-sharing company’s stock valued at $62,228,000 after acquiring an additional 1,825,761 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.
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.
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