Lyft (NASDAQ:LYFT) Rating Increased to Buy at Rothschild & Co Redburn

Lyft (NASDAQ:LYFT) was upgraded by research analysts at Rothschild & Co Redburn from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a $22.00 price objective on the ride-sharing company’s stock. Rothschild & Co Redburn’s price target would indicate a potential upside of 54.06% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Truist Financial upped their price objective on Lyft from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Royal Bank Of Canada reduced their price objective on Lyft from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Lyft in a research note on Wednesday, May 6th. Mizuho reduced their price objective on Lyft from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Finally, Zacks Research upgraded Lyft from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.93.

Lyft Stock Up 0.3%

Shares of NASDAQ:LYFT opened at $14.28 on Wednesday. The company has a market capitalization of $5.42 billion, a PE ratio of 2.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58. The business has a fifty day moving average price of $13.93 and a two-hundred day moving average price of $15.80. Lyft has a 1 year low of $12.46 and a 1 year high of $25.54.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS. Analysts forecast that Lyft will post 0.69 earnings per share for the current year.

Insider Transactions at Lyft

In other news, Director Jill Beggs sold 2,093 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $28,799.68. Following the transaction, the director owned 30,092 shares of the company’s stock, valued at $414,065.92. This represents a 6.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 23,661 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $15.00, for a total value of $354,915.00. Following the transaction, the insider directly owned 916,022 shares in the company, valued at $13,740,330. This represents a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 69,196 shares of company stock worth $992,371 over the last quarter. 0.92% of the stock is currently owned by corporate insiders.

Institutional Trading of Lyft

Institutional investors have recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in Lyft during the 4th quarter worth about $26,000. Boreal Capital Management LLC purchased a new stake in Lyft during the 1st quarter worth about $31,000. Bessemer Group Inc. lifted its holdings in Lyft by 1,851.9% during the 1st quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock worth $35,000 after purchasing an additional 2,500 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Lyft during the 4th quarter worth about $40,000. Finally, Huntington National Bank lifted its holdings in Lyft by 171.8% during the 4th quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 1,374 shares in the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft’s new “rider graph” data tool could improve ad targeting efficiency and help the company expand monetization beyond core ride-hailing, which is a constructive long-term development. Lyft unveils rider graph: A game-changer for ad targeting efficiency
• Positive Sentiment: Recent market commentary said Lyft stood out among gig-economy stocks during the latest earnings season, reinforcing investor interest in the stock’s operating progress. Q1 Earnings Recap: Lyft (NASDAQ:LYFT) Tops Gig Economy Stocks
• Positive Sentiment: Broader coverage continues to frame Lyft as a name to watch in the growing gig economy, which supports sentiment toward the stock. Must-Watch Stocks to Make the Most of the Gig Economy’s Popularity
• Neutral Sentiment: Analyst commentary remains mixed overall, with several buy and hold ratings but a consensus that still trends to “Hold,” suggesting no strong near-term conviction shift.
• Negative Sentiment: Consumer Reports-style reporting said Lyft riders can see materially different fares for the same trip, renewing concerns about pricing transparency and possible regulatory backlash. Uber, Lyft riders often see different fares for the same trip: Report
• Negative Sentiment: A separate investigation accused Lyft of using AI-driven pricing tactics and “fake discounts,” which could hurt brand trust and invite more scrutiny over fare practices. Uber, Lyft sell virtually identical rides at vastly different prices, offer fake discounts using AI-driven pricing: bombshell investigation
• Negative Sentiment: CFO Erin Brewer sold 15,000 shares under a pre-arranged 10b5-1 plan, which investors may still view cautiously even though the sale was disclosed and automatic in nature. SEC filing

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.