Lyft, Inc. (NASDAQ:LYFT - Free Report) - Research analysts at Wedbush lifted their Q1 2025 EPS estimates for Lyft in a research note issued on Wednesday, February 12th. Wedbush analyst S. Devitt now anticipates that the ride-sharing company will post earnings of ($0.02) per share for the quarter, up from their previous forecast of ($0.08). Wedbush has a "Neutral" rating and a $16.00 price objective on the stock. The consensus estimate for Lyft's current full-year earnings is $0.22 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.
Lyft (NASDAQ:LYFT - Get Free Report) last announced its quarterly earnings data 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 net margin of 0.39% and a return on equity of 8.03%.
Several other research analysts also recently issued reports on LYFT. UBS Group lowered their price target on shares of Lyft from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Bank of America upped their price target on shares of Lyft from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Susquehanna lowered their price target on shares of Lyft from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company lowered 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. Finally, Loop Capital upped their price target on shares of Lyft from $16.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Twenty-six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lyft currently has an average rating of "Hold" and a consensus target price of $17.22.
Check Out Our Latest Stock Report on LYFT
Lyft Price Performance
Shares of NASDAQ:LYFT traded down $0.42 during trading on Monday, hitting $13.05. 16,701,941 shares of the company were exchanged, compared to its average volume of 20,388,947. The business's 50 day moving average is $13.66 and its 200-day moving average is $13.59. The company has a market capitalization of $5.41 billion, a P/E ratio of 217.42, a price-to-earnings-growth ratio of 1.89 and a beta of 2.16. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. Lyft has a 1-year low of $8.93 and a 1-year high of $20.82.
Lyft announced that its board has authorized a share buyback program on Tuesday, February 11th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the ride-sharing company to buy up to 8.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Insider Activity
In other news, Director Logan Green sold 10,919 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total transaction of $188,352.75. Following the transaction, the director now owns 314,492 shares in the company, valued at approximately $5,424,987. This represents a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.07% of the company's stock.
Institutional Investors Weigh In On Lyft
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp acquired a new stake in shares of Lyft in the 4th quarter worth about $2,395,000. Forum Financial Management LP acquired a new stake in shares of Lyft in the 4th quarter worth about $132,000. Toronto Dominion Bank acquired a new stake in shares of Lyft in the 4th quarter worth about $279,000. Neo Ivy Capital Management raised its holdings in shares of Lyft by 52.4% in the 4th quarter. Neo Ivy Capital Management now owns 167,718 shares of the ride-sharing company's stock worth $2,163,000 after acquiring an additional 57,694 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new stake in shares of Lyft in the 4th quarter worth about $198,000. Institutional investors and hedge funds own 83.07% of the company's stock.
About Lyft
(
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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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