Wedbush Predicts Lyft's FY2025 Earnings (NASDAQ:LYFT)

Lyft, Inc. (NASDAQ:LYFT - Free Report) - Research analysts at Wedbush reduced their FY2025 EPS estimates for Lyft in a research note issued to investors on Monday, January 6th. Wedbush analyst S. Devitt now expects that the ride-sharing company will post earnings of $0.15 per share for the year, down from their prior estimate of $0.18. Wedbush currently has a "Neutral" rating and a $18.00 target price on the stock. The consensus estimate for Lyft's current full-year earnings is $0.08 per share.

Lyft (NASDAQ:LYFT - Get Free Report) last released its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.09. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.44 billion. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The business's revenue was up 31.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) EPS.

Several other research firms have also recently weighed in on LYFT. UBS Group increased their price objective on Lyft from $13.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a "hold" rating on shares of Lyft in a report on Thursday, November 7th. TD Cowen boosted their price objective on shares of Lyft from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Piper Sandler reiterated an "overweight" rating and issued a $23.00 target price (up previously from $17.00) on shares of Lyft in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald boosted their price target on Lyft from $13.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Twenty-seven investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $17.78.

Lyft Stock Performance

NASDAQ:LYFT traded down $0.96 during mid-day trading on Wednesday, hitting $13.36. 16,519,883 shares of the company's stock traded hands, compared to its average volume of 17,077,043. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of -83.50, a price-to-earnings-growth ratio of 4.10 and a beta of 2.14. The firm has a 50 day moving average of $15.44 and a two-hundred day moving average of $13.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. Lyft has a 12 month low of $8.93 and a 12 month high of $20.82.

Institutional Trading of Lyft

A number of institutional investors have recently bought and sold shares of LYFT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Lyft by 0.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,052,879 shares of the ride-sharing company's stock worth $230,174,000 after purchasing an additional 80,675 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Lyft by 27.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 8,114,166 shares of the ride-sharing company's stock valued at $103,456,000 after buying an additional 1,735,208 shares during the period. Pacer Advisors Inc. bought a new position in Lyft during the third quarter worth about $90,604,000. Primecap Management Co. CA grew its position in shares of Lyft by 3.8% during the 3rd quarter. Primecap Management Co. CA now owns 6,491,590 shares of the ride-sharing company's stock worth $82,768,000 after buying an additional 235,510 shares during the period. Finally, Maple Rock Capital Partners Inc. increased its stake in shares of Lyft by 84.8% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 6,186,000 shares of the ride-sharing company's stock valued at $78,872,000 after acquiring an additional 2,838,000 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company's stock.

Insider Transactions at Lyft

In related news, Director Logan Green sold 10,919 shares of Lyft 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.02, for a total transaction of $163,639.62. Following the transaction, the chief accounting officer now owns 332,243 shares in the company, valued at approximately $5,987,018.86. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,242 shares of company stock worth $427,330. Corporate insiders own 3.07% 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.