Lyft, Inc. (NASDAQ:LYFT) Given Consensus Rating of "Hold" by Analysts

Shares of Lyft, Inc. (NASDAQ:LYFT - Get Free Report) have received a consensus recommendation of "Hold" from the thirty-four analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, twenty-four have given a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $16.78.

Several research analysts recently issued reports on LYFT shares. UBS Group increased their price target on shares of Lyft from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. boosted their price target on Lyft from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Wall Street Zen upgraded Lyft from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Oppenheimer lifted their price objective on Lyft from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Finally, TD Cowen raised shares of Lyft from a "hold" rating to a "buy" rating and upped their target price for the stock from $16.00 to $21.00 in a report on Tuesday, June 24th.

Insider Buying and Selling

In other news, insider Lindsay Catherine Llewellyn sold 22,736 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $12.45, for a total value of $283,063.20. Following the sale, the insider directly owned 959,697 shares of the company's stock, valued at approximately $11,948,227.65. This represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John David Risher purchased 6,538 shares of the business's stock in a transaction on Thursday, May 29th. The shares were purchased at an average cost of $15.29 per share, for a total transaction of $99,966.02. Following the transaction, the chief executive officer directly owned 11,791,340 shares of the company's stock, valued at approximately $180,289,588.60. The trade was a 0.06% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 26,732 shares of company stock valued at $347,159 over the last three months. 3.07% of the stock is owned by insiders.

Institutional Investors Weigh In On Lyft

A number of large investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in Lyft by 162.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,943 shares of the ride-sharing company's stock worth $31,000 after buying an additional 1,203 shares during the last quarter. Spurstone Advisory Services LLC bought a new stake in Lyft during the 4th quarter worth approximately $25,000. Atwood & Palmer Inc. purchased a new stake in shares of Lyft in the second quarter worth approximately $32,000. GAMMA Investing LLC lifted its holdings in shares of Lyft by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,756 shares of the ride-sharing company's stock valued at $33,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Lyft by 259.7% during the fourth quarter. Harbour Investments Inc. now owns 2,770 shares of the ride-sharing company's stock valued at $36,000 after buying an additional 2,000 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Lyft Stock Performance

Lyft stock remained flat at $14.76 during mid-day trading on Friday. 11,638,651 shares of the company's stock traded hands, compared to its average volume of 16,248,863. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $6.17 billion, a PE ratio of 70.29, a P/E/G ratio of 2.90 and a beta of 2.20. Lyft has a 52-week low of $8.93 and a 52-week high of $19.07. The business has a fifty day moving average price of $15.65 and a 200 day moving average price of $13.67.

Lyft (NASDAQ:LYFT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The ride-sharing company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.19). The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.47 billion. Lyft had a net margin of 0.95% and a return on equity of 11.28%. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. As a group, research analysts predict that Lyft will post 0.22 EPS for the current fiscal year.

About Lyft

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.