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

Lyft, Inc. (NASDAQ:LYFTGet Free Report) has been assigned a consensus rating of “Hold” from the thirty brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $18.04.

LYFT has been the topic of several analyst reports. Tigress Financial lifted their price target on shares of Lyft from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Citigroup boosted their target price on Lyft from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group boosted their target price on Lyft from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. TD Cowen boosted their target price on Lyft from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Finally, Wedbush boosted their target price on Lyft from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, June 7th.

Check Out Our Latest Analysis on Lyft

Insider Buying and Selling at Lyft

In other Lyft news, President Kristin Sverchek sold 16,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $20.00, for a total value of $320,000.00. Following the completion of the transaction, the president now owns 80,978 shares in the company, valued at $1,619,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lyft news, President Kristin Sverchek sold 16,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $20.00, for a total value of $320,000.00. Following the completion of the transaction, the president now owns 80,978 shares in the company, valued at $1,619,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Patrick Zimmer sold 193,200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $20.04, for a total transaction of $3,871,728.00. Following the completion of the transaction, the director now owns 932,544 shares of the company’s stock, valued at approximately $18,688,181.76. The disclosure for this sale can be found here. Insiders sold 246,033 shares of company stock worth $4,782,237 over the last 90 days. Corporate insiders own 3.07% of the company’s stock.

Institutional Investors Weigh In On Lyft

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Lyft by 42.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,488,609 shares of the ride-sharing company’s stock worth $36,770,000 after buying an additional 1,043,719 shares during the period. Invesco Ltd. boosted its stake in shares of Lyft by 21.3% during the third quarter. Invesco Ltd. now owns 4,425,740 shares of the ride-sharing company’s stock worth $46,647,000 after buying an additional 778,563 shares during the period. Vanguard Group Inc. boosted its stake in shares of Lyft by 3.7% during the third quarter. Vanguard Group Inc. now owns 31,457,522 shares of the ride-sharing company’s stock worth $331,562,000 after buying an additional 1,135,036 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Lyft during the third quarter worth about $1,224,000. Finally, Corient Private Wealth LLC boosted its stake in shares of Lyft by 163.9% during the fourth quarter. Corient Private Wealth LLC now owns 100,826 shares of the ride-sharing company’s stock worth $1,511,000 after buying an additional 62,623 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Stock Down 2.1 %

LYFT stock opened at $13.78 on Friday. The firm has a market cap of $5.56 billion, a PE ratio of -29.32 and a beta of 2.09. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50 day moving average price is $16.32 and its 200-day moving average price is $15.73. Lyft has a one year low of $8.85 and a one year high of $20.82.

Lyft (NASDAQ:LYFTGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The ride-sharing company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.09. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.17 billion. Lyft had a negative net margin of 3.94% and a negative return on equity of 23.77%. On average, equities research analysts anticipate that Lyft will post -0.19 EPS for the current year.

About Lyft

(Get Free Report

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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Analyst Recommendations for Lyft (NASDAQ:LYFT)

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