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

Lyft, Inc. (NASDAQ:LYFT) has received a consensus recommendation of “Hold” from the thirty-eight research firms that are presently covering the company, Marketbeat reports. Twenty-eight equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.77.

A number of equities analysts have weighed in on the company. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Lyft in a research report on Friday, October 18th. Susquehanna increased their price objective on shares of Lyft from $10.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Jefferies Financial Group upped their target price on Lyft from $10.50 to $13.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. TD Cowen boosted their price target on Lyft from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Finally, Tigress Financial raised their target price on shares of Lyft from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 21st.

Lyft Trading Up 4.5 %

LYFT opened at $14.27 on Tuesday. The firm’s fifty day moving average is $15.42 and its two-hundred day moving average is $13.42. The firm has a market cap of $5.92 billion, a PE ratio of -89.19, a price-to-earnings-growth ratio of 4.10 and a beta of 2.09. Lyft has a twelve month low of $8.93 and a twelve month high of $20.82. 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) last posted its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company’s revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. Equities research analysts anticipate that Lyft will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction of $188,352.75. Following the sale, the director now directly owns 314,492 shares of the company’s stock, valued at approximately $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 SEC, 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 that occurred on Thursday, November 7th. The shares were sold at an average price of $18.02, for a total value of $163,639.62. Following the completion of the transaction, the chief accounting officer now directly owns 332,243 shares of the company’s stock, valued at $5,987,018.86. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,242 shares of company stock valued at $427,330. 3.07% of the stock is currently owned by insiders.

Institutional Trading of Lyft

Institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC lifted its holdings in Lyft by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 28,454 shares of the ride-sharing company’s stock worth $363,000 after buying an additional 969 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Lyft by 4.4% in the second quarter. Crossmark Global Holdings Inc. now owns 23,460 shares of the ride-sharing company’s stock worth $330,000 after acquiring an additional 993 shares during the period. XTX Topco Ltd boosted its holdings in Lyft by 2.5% in the third quarter. XTX Topco Ltd now owns 42,203 shares of the ride-sharing company’s stock valued at $538,000 after acquiring an additional 1,043 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Lyft by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,894 shares of the ride-sharing company’s stock valued at $196,000 after purchasing an additional 1,160 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Lyft by 1.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 82,690 shares of the ride-sharing company’s stock worth $1,054,000 after purchasing an additional 1,315 shares during the last quarter. Institutional investors 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.