Lyft (NASDAQ:LYFT) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Lyft (NASDAQ:LYFT) from a strong sell rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

LYFT has been the topic of several other reports. DA Davidson cut their price objective on shares of Lyft from $19.00 to $14.50 and set a “neutral” rating for the company in a research report on Monday, May 18th. Oppenheimer began coverage on shares of Lyft in a report on Wednesday, June 17th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lyft in a research note on Monday. Finally, Royal Bank Of Canada cut their price target on shares of Lyft from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Twelve equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lyft has an average rating of “Hold” and a consensus target price of $19.43.

Lyft Trading Down 1.1%

NASDAQ:LYFT opened at $16.30 on Wednesday. The firm has a market cap of $6.19 billion, a P/E ratio of 2.38, a PEG ratio of 0.98 and a beta of 1.80. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $14.88 and its 200-day simple moving average is $14.53. Lyft has a 12-month low of $12.46 and a 12-month high of $25.54.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $0.10 earnings per share. Lyft’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities analysts anticipate that Lyft will post 0.69 EPS for the current year.

Insiders Place Their Bets

In other Lyft news, insider Lindsay Catherine Llewellyn sold 36,214 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $16.14, for a total transaction of $584,493.96. Following the sale, the insider directly owned 817,517 shares in the company, valued at approximately $13,194,724.38. The trade was a 4.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Erin Brewer sold 15,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $13.59, for a total transaction of $203,850.00. Following the transaction, the chief financial officer directly owned 705,979 shares in the company, valued at approximately $9,594,254.61. This trade represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 81,749 shares of company stock worth $1,221,950 in the last ninety days. 0.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYFT. Handelsbanken Fonder AB increased its holdings in Lyft by 13.0% in the second quarter. Handelsbanken Fonder AB now owns 115,100 shares of the ride-sharing company’s stock valued at $1,682,000 after buying an additional 13,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Lyft by 27.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 240,455 shares of the ride-sharing company’s stock worth $3,513,000 after acquiring an additional 52,229 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Lyft by 84.9% during the 2nd quarter. GAMMA Investing LLC now owns 12,632 shares of the ride-sharing company’s stock worth $185,000 after acquiring an additional 5,801 shares in the last quarter. Redwood Investment Management LLC grew its holdings in shares of Lyft by 41.9% in the 1st quarter. Redwood Investment Management LLC now owns 80,632 shares of the ride-sharing company’s stock worth $1,072,000 after acquiring an additional 23,812 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Lyft by 62.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,189,313 shares of the ride-sharing company’s stock worth $42,418,000 after acquiring an additional 1,223,536 shares during the period. 83.07% of the stock is currently owned by institutional investors and hedge funds.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft reported second-quarter revenue of approximately $1.84 billion, up 16.1% year over year and ahead of the $1.81 billion analyst estimate. The company also reported record active riders, supported by demand for higher-value rides, international expansion, and partnerships. Lyft signals steady demand as second-quarter revenue tops estimates
• Positive Sentiment: Second-quarter gross bookings climbed to about $5.5 billion. Lyft’s outlook for the current quarter calls for bookings growth that is slightly above Wall Street expectations, potentially signaling continued demand despite a more cautious growth trajectory. Lyft signals steady demand as second-quarter revenue tops estimates
• Neutral Sentiment: Lyft highlighted record quarterly growth and profitability gains, but reported metrics were mixed. Investors will likely focus on whether higher-value rides and international operations can sustain growth while the company expands its platform. Lyft Reports Record Q2 Growth and Profitability Gains
• Negative Sentiment: Adjusted second-quarter earnings fell short of expectations. Zacks cited EPS of $0.29 versus a $0.39 consensus estimate; another report cited $0.13 versus $0.14. Although earnings improved from the prior year, the miss raises concerns about cost control and profit growth. Lyft Misses Q2 Earnings Estimates
• Negative Sentiment: Management expects current-quarter bookings growth of roughly 15% to 19%, indicating a slowdown from the recent pace. That moderation may limit enthusiasm despite the revenue beat and slightly favorable bookings outlook. Lyft’s Bookings Climb, But Expects Growth to Moderate
• Negative Sentiment: Insider Lindsay Catherine Llewellyn sold 36,214 shares worth approximately $584,494 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and the insider retained more than 817,000 shares, its impact is likely limited, but it may add modest sentiment pressure. Lyft Insider Sale

About Lyft

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.