Needham & Company LLC Reaffirms Hold Rating for Lyft (NASDAQ:LYFT)

Lyft (NASDAQ:LYFT)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports.

A number of other equities analysts also recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Lyft from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Zephirin Group raised their price objective on Lyft from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, November 6th. BMO Capital Markets upped their target price on Lyft from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Wells Fargo & Company increased their target price on Lyft from $20.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 9th. Finally, Wedbush lowered Lyft from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $20.00 to $16.00 in a research report on Friday, December 19th. Ten research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.03.

Lyft Trading Up 1.4%

LYFT stock opened at $16.85 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.76. Lyft has a 52 week low of $9.66 and a 52 week high of $25.54. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 44.34, a PEG ratio of 1.03 and a beta of 1.93. The business has a fifty day simple moving average of $19.04 and a 200-day simple moving average of $19.08.

Lyft declared that its board has approved a stock buyback plan on Tuesday, February 10th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the ride-sharing company to repurchase up to 15.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Lyft

In other news, Director Jill Beggs sold 1,466 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $20.25, for a total transaction of $29,686.50. Following the sale, the director directly owned 34,278 shares in the company, valued at approximately $694,129.50. This represents a 4.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Prashant Aggarwal sold 96,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $2,160,870.00. Following the completion of the sale, the director directly owned 874,369 shares in the company, valued at approximately $19,498,428.70. This trade represents a 9.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 187,443 shares of company stock worth $4,178,618. 3.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lyft

Hedge funds have recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its stake in Lyft by 1,242.2% during the second quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company’s stock valued at $34,000 after buying an additional 2,000 shares in the last quarter. Quent Capital LLC bought a new position in Lyft during the third quarter valued at about $34,000. International Assets Investment Management LLC acquired a new position in Lyft in the 4th quarter valued at $40,000. Huntington National Bank increased its stake in Lyft by 171.8% during the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 1,374 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in Lyft during the third quarter worth about $50,000. 83.07% of the stock is currently owned by institutional investors.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Board authorizes $1.0 billion share buyback (up to ~15.1% of outstanding stock), a clear signal management believes LYFT is undervalued and it boosts buyback-driven EPS support and demand for shares. RTT News
• Positive Sentiment: Company reported record Q4 and full-year 2025 results in a corporate release, highlighting improved revenue and cash balances that management frames as part of a “comeback” story and sets expectations for transformational 2026 initiatives. Business Wire
• Positive Sentiment: Product expansion: Lyft launched teen accounts nationwide (rolled out in Atlanta and other cities) to broaden its addressable market and add recurring riders, a potential long-term growth lever if adoption ramps. WABE
• Neutral Sentiment: Management reiterated plans to increase autonomous vehicle (AV) deployments in 2026 — a strategic, capital-intensive shift that could lower operating costs over time but carries execution and near-term cost risk. MarketWatch
• Negative Sentiment: Q4 results disappointed on several operating metrics: revenue and active riders/ride counts missed Street estimates, and Lyft reported an unexpected operating loss for 2025 — headlines that triggered a large intraday sell-off when results released. Business Insider
• Negative Sentiment: Company lowered near-term tone for 2026 amid storm-related impacts and a mixed outlook, prompting analyst revisions and press skepticism about growth re-acceleration. That guidance uncertainty pressured shares despite the buyback. MarketWatch
• Negative Sentiment: Reputational/safety headwinds: two Lyft drivers were killed in Cleveland in separate attacks within 36 hours, a development that can raise regulatory, insurance and rider-safety concerns. MSN

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.