Research Analysts Issue Forecasts for Lyft Q1 Earnings

Lyft, Inc. (NASDAQ:LYFT - Free Report) - Stock analysts at Wedbush lifted their Q1 2025 earnings per share (EPS) estimates for shares of Lyft in a research note issued to investors on Wednesday, February 12th. Wedbush analyst S. Devitt now expects that the ride-sharing company will post earnings per share of ($0.02) for the quarter, up from their prior estimate of ($0.08). Wedbush has a "Neutral" rating and a $16.00 price objective on the stock. The consensus estimate for Lyft's current full-year earnings is $0.22 per share. Wedbush also issued estimates for Lyft's Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.28 EPS and FY2026 earnings at $0.48 EPS.

Lyft (NASDAQ:LYFT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The ride-sharing company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.10). Lyft had a return on equity of 8.71% and a net margin of 0.39%.

Several other brokerages have also recently commented on LYFT. Loop Capital upped their target price on shares of Lyft from $16.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Evercore ISI dropped their price objective on Lyft from $19.00 to $15.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Morgan Stanley raised their target price on Lyft from $16.50 to $18.00 and gave the stock an "equal weight" rating in a report on Thursday, November 7th. Needham & Company LLC restated a "hold" rating on shares of Lyft in a report on Wednesday, February 12th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $21.00 price target on shares of Lyft in a research report on Tuesday. Twenty-six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.22.

Lyft Trading Up 0.5 %

Shares of LYFT traded up $0.07 on Monday, reaching $13.46. 16,876,624 shares of the company's stock were exchanged, compared to its average volume of 20,496,873. The business has a 50 day moving average price of $13.69 and a two-hundred day moving average price of $13.59. Lyft has a 12 month low of $8.93 and a 12 month high of $20.82. The stock has a market capitalization of $5.58 billion, a P/E ratio of 224.33, a price-to-earnings-growth ratio of 1.98 and a beta of 2.16. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88.

Institutional Trading of Lyft

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. bought a new stake in Lyft during the 3rd quarter worth $90,604,000. Renaissance Technologies LLC increased its stake in Lyft by 282.0% during the 4th quarter. Renaissance Technologies LLC now owns 8,623,227 shares of the ride-sharing company's stock valued at $111,240,000 after purchasing an additional 6,365,727 shares in the last quarter. Two Sigma Advisers LP lifted its position in Lyft by 828.5% in the 4th quarter. Two Sigma Advisers LP now owns 6,662,535 shares of the ride-sharing company's stock valued at $85,947,000 after acquiring an additional 5,945,000 shares in the last quarter. Two Sigma Investments LP increased its holdings in Lyft by 156.9% during the 4th quarter. Two Sigma Investments LP now owns 8,025,099 shares of the ride-sharing company's stock worth $103,524,000 after purchasing an additional 4,901,358 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Lyft during the fourth quarter valued at approximately $49,599,000. Institutional investors own 83.07% of the company's stock.

Insider Activity at Lyft

In related news, Director Logan Green sold 10,919 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total transaction of $188,352.75. Following the completion of the transaction, the director now directly owns 314,492 shares in the company, valued at $5,424,987. This represents a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.07% of the stock is currently owned by insiders.

Lyft announced that its board has approved a share repurchase plan on Tuesday, February 11th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the ride-sharing company to repurchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

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.