Roth Capital Issues Positive Estimate for Lyft Earnings

Lyft, Inc. (NASDAQ:LYFT - Free Report) - Equities research analysts at Roth Capital boosted their Q1 2025 EPS estimates for shares of Lyft in a research report issued to clients and investors on Wednesday, February 12th. Roth Capital analyst R. Kulkarni now expects 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 $0.22 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.

LYFT has been the subject of a number of other reports. Bank of America boosted their price target on shares of Lyft from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. BMO Capital Markets dropped their price target on Lyft from $18.00 to $15.00 and set a "market perform" rating for the company in a research report on Wednesday, February 12th. Loop Capital boosted their price objective on Lyft from $16.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. TD Cowen raised their target price on shares of Lyft from $16.00 to $18.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group increased their price target on shares of Lyft from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Twenty-six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lyft presently has a consensus rating of "Hold" and a consensus target price of $17.22.

Lyft Price Performance

NASDAQ:LYFT traded up $0.07 during mid-day trading on Monday, hitting $13.46. 16,876,624 shares of the stock traded hands, compared to its average volume of 20,496,873. The business's 50-day moving average price is $13.69 and its 200 day moving average price is $13.59. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. The company has a market cap of $5.58 billion, a PE ratio of 224.33, a price-to-earnings-growth ratio of 1.98 and a beta of 2.16. Lyft has a 12-month low of $8.93 and a 12-month high of $20.82.

Lyft (NASDAQ:LYFT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.71% and a net margin of 0.39%.

Lyft announced that its board has approved a stock buyback plan on Tuesday, February 11th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the ride-sharing company to buy up to 8.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Logan Green sold 10,919 shares of Lyft stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total transaction of $188,352.75. Following the completion of the transaction, the director now directly owns 314,492 shares in the company, valued at approximately $5,424,987. This trade represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Lyft by 512.2% in the 3rd quarter. CWM LLC now owns 42,656 shares of the ride-sharing company's stock worth $544,000 after purchasing an additional 35,688 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Lyft by 21.7% in the third quarter. Vontobel Holding Ltd. now owns 47,181 shares of the ride-sharing company's stock worth $602,000 after acquiring an additional 8,408 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Lyft by 2,103.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,765 shares of the ride-sharing company's stock valued at $252,000 after purchasing an additional 18,868 shares during the last quarter. Venture Visionary Partners LLC bought a new position in Lyft during the third quarter valued at approximately $266,000. Finally, Lecap Asset Management Ltd. boosted its holdings in Lyft by 263.5% in the third quarter. Lecap Asset Management Ltd. now owns 219,276 shares of the ride-sharing company's stock worth $2,796,000 after purchasing an additional 158,947 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.