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

Lyft, Inc. (NASDAQ:LYFT) has earned a consensus rating of “Hold” from the twenty-three analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.60.

A number of equities analysts have commented on the company. Truist Financial boosted their price objective on Lyft from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Wedbush reissued a “neutral” rating and set a $15.00 price objective (up previously from $14.00) on shares of Lyft in a report on Wednesday, February 14th. Tigress Financial boosted their target price on shares of Lyft from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Barclays increased their price target on shares of Lyft from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Finally, UBS Group boosted their price objective on shares of Lyft from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th.

Lyft Price Performance

NASDAQ:LYFT opened at $16.30 on Thursday. The firm has a market cap of $6.52 billion, a PE ratio of -18.31 and a beta of 1.98. The company’s 50-day moving average price is $17.71 and its two-hundred day moving average price is $14.32. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.55. Lyft has a 12 month low of $7.85 and a 12 month high of $20.82.

Lyft (NASDAQ:LYFT) last announced its earnings results on Tuesday, February 13th. The ride-sharing company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.14. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Lyft had a negative return on equity of 54.80% and a negative net margin of 7.73%. On average, equities analysts anticipate that Lyft will post -0.35 EPS for the current fiscal year.

Insider Activity at Lyft

In other Lyft news, CAO Lisa Blackwood-Kapral sold 18,065 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $16.06, for a total value of $290,123.90. Following the sale, the chief accounting officer now directly owns 255,817 shares in the company, valued at $4,108,421.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Lyft news, CAO Lisa Blackwood-Kapral sold 18,065 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $16.06, for a total value of $290,123.90. Following the completion of the transaction, the chief accounting officer now directly owns 255,817 shares of the company’s stock, valued at $4,108,421.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Patrick Zimmer sold 193,200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $20.04, for a total value of $3,871,728.00. Following the sale, the director now directly owns 932,544 shares in the company, valued at approximately $18,688,181.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 270,526 shares of company stock worth $5,195,771. 3.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lyft

Several large investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its position in Lyft by 685.2% in the 4th quarter. Allworth Financial LP now owns 1,916 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 1,672 shares in the last quarter. a16z Perennial Management L.P. bought a new stake in shares of Lyft in the fourth quarter valued at about $34,000. Kapitalo Investimentos Ltda acquired a new position in shares of Lyft during the fourth quarter worth about $34,000. BluePath Capital Management LLC bought a new position in shares of Lyft during the third quarter worth about $35,000. Finally, Gables Capital Management Inc. raised its position in Lyft by 129.0% in the 3rd quarter. Gables Capital Management Inc. now owns 3,550 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

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.