Lyft (NASDAQ:LYFT – Free Report) had its target price reduced by Wedbush from $20.00 to $18.00 in a research report released on Monday morning,Benzinga reports. Wedbush currently has a neutral rating on the ride-sharing company’s stock. Wedbush also issued estimates for Lyft’s Q3 2025 earnings at $0.12 EPS, FY2025 earnings at $0.15 EPS and FY2026 earnings at $0.35 EPS.
Other research analysts have also issued reports about the stock. Benchmark upgraded shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Monday. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Lyft in a research report on Friday, October 18th. Canaccord Genuity Group boosted their price objective on Lyft from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Evercore ISI raised their target price on Lyft from $17.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Raymond James initiated coverage on Lyft in a report on Tuesday, September 24th. They set a “market perform” rating for the company. Twenty-seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.78.
Check Out Our Latest Stock Report on Lyft
Lyft Price Performance
Lyft (NASDAQ:LYFT – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. As a group, research analysts expect that Lyft will post 0.08 EPS for the current fiscal year.
Insiders Place Their Bets
In other Lyft news, insider Lindsay Catherine Llewellyn sold 4,242 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.76, for a total value of $75,337.92. Following the completion of the transaction, the insider now directly owns 755,847 shares of the company’s stock, valued at approximately $13,423,842.72. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $18.02, for a total transaction of $163,639.62. Following the sale, the chief accounting officer now directly owns 332,243 shares in the company, valued at $5,987,018.86. This trade represents a 2.66 % decrease in their ownership of the stock. 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 corporate insiders.
Institutional Investors Weigh In On Lyft
A number of institutional investors and hedge funds have recently made changes to their positions in LYFT. True Wealth Design LLC acquired a new stake in Lyft in the third quarter worth about $27,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Lyft during the 2nd quarter worth approximately $35,000. Capital Performance Advisors LLP bought a new stake in shares of Lyft during the third quarter worth approximately $38,000. Quarry LP lifted its holdings in Lyft by 4,032.6% in the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock valued at $50,000 after buying an additional 3,468 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in Lyft in the third quarter valued at approximately $70,000. Institutional investors own 83.07% of the company’s stock.
Lyft Company Profile
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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