Lyft, Inc. (NASDAQ:LYFT) given the typical score of “average purchase” by the brokerage

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Lyft, Inc. shares of. 5 fairness analysis analysts have rated the inventory with a maintain suggestion and fifteen have issued a purchase suggestion on the corporate. The common twelve-month goal amongst brokerages that issued scores on the inventory final 12 months is $36.93.

LYFT has been the topic of many analysis analyst reviews. Sanford C. Bernstein started protection on Lyft in a analysis report on Tuesday, Might 24. He set a “market efficiency” score for the corporate and a goal value of $22.00. Guggenheim lowered its value goal on Lyft from $32.00 to $28.00 and set a “purchase” score for the corporate in a report on Monday, August 15. MKM Companions lowered its value goal on Lyft from $32.00 to $17.00 in a report on Wednesday, July 27. Tigress Monetary lowered its goal value on Lyft from $82.00 to $60.00 and set a “purchase” score on the inventory in a analysis word dated Friday, Aug. Lastly, Stifel Nichols raised its goal value on Lyft from $18.00 to $19.00 in a analysis word on Friday, August 5.

Lyft Buying and selling Down 0.5%

LYFT shares opened on Friday at $14.60. The agency’s fifty-day shifting common value is $15.26 and the 200-day shifting common value is $24.54. Lyft has a fifty-two week low of $11.96 and a fifty-two-week excessive at $57.68. The corporate has a debt-to-equity ratio of 0.84, a fast ratio of 0.90 and a present ratio of 0.90. The agency has a market cap of $5.09 billion, a PE ratio of -5.59 and a beta of 1.82.

Lyft (NASDAQ: LYFT – Get Score) final launched its quarterly earnings outcomes on Thursday, Aug. The ride-sharing firm reported earnings per share (EPS) of $0.13 for the quarter, up from $0.18 in analysts’ consensus estimate ($0.05). The corporate’s income throughout the quarter was $990.70 million, in comparison with the consensus estimate of $988.14 million. Lyft had a unfavorable return on fairness of 46.36% and a unfavorable internet margin of 24.44%. Lyft’s income was up 29.5% on a year-over-year foundation. Throughout the identical interval final 12 months, the corporate earned earnings per share ($0.68). Promote-side analysts count on Lyft to generate earnings per share of -1.62 for the present fiscal 12 months.

Lyft. inside transactions

In associated information, insider Kristin Sverchek offered 13,000 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, August 9. The inventory was offered at a median value of $18.98 for a complete transaction of $246,740.00. Following the completion of the sale, the insider now instantly owns 70,350 shares within the firm, valued at $1,335,243. The sale was disclosed in a doc filed with the Securities and Change Fee, which might be accessed by means of the SEC web site. Company insiders personal 3.31% of the corporate’s inventory.

Lyft. institutional buying and selling of

A number of giant buyers have not too long ago added or decreased their stake in LYFT. Frontier Capital Administration Firm LLC acquired a brand new stake in Lyft within the second quarter at a worth of roughly $34,868,000. Clearbridge Investments LLC elevated its place in Lyft shares by 46.4% throughout the first quarter. Clearbridge Investments LLC now holds 6,470,972 shares value $248,485,000 of the ride-sharing firm’s inventory after buying an extra 2,050,430 shares within the earlier quarter. Paradigm Monetary Companions LLC elevated its place in Lyft shares by 600.0% throughout the fourth quarter. After buying an extra 2,020,638 shares final quarter, Paradigm Monetary Companions LLC now owns 2,357,411 shares of the ride-sharing firm’s $104,905,000 inventory. American Century Firms Inc. elevated its place in Lyft shares by 25.9% throughout the first quarter. American Century Firms Inc. Ltd. now holds 6,068,020 shares of the ride-sharing firm’s 233,012,000 shares after buying an extra 1,249,383 shares within the earlier quarter. Lastly, Woodline Companions LP bought a brand new location in Lyft for a value of roughly $47,505,000 throughout the first quarter. 76.49% of the inventory is at present owned by hedge funds and different institutional buyers.

Lyft. about

(get score)

Lyft, Inc. operates a peer-to-peer market for on-demand ridesharing in the US and Canada. The corporate operates a multimodal transportation community that gives riders with personalised and on-demand entry to numerous mobility choices. It presents a ridesharing market, which connects drivers with riders; Specific Drive, a versatile automotive rental program for drivers; Lyft Leases that gives automobiles for lengthy distance journeys; and a community of shared bikes and scooters in several cities to satisfy the wants of riders for brief journeys.

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Analyst Recommendations for Lyft (NASDAQ:LYFT)

This instantaneous information alert was generated by narrative science know-how and monetary information from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by Marketbeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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