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


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)

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