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LYFT Stock Price, Forecast & Analysis (NASDAQ:LYFT)

$42.97
-0.26 (-0.60 %)
(As of 11/11/2019 04:00 PM ET)
Today's Range
$41.80
Now: $42.97
$43.01
50-Day Range
$37.26
MA: $41.66
$46.43
52-Week Range
$37.07
Now: $42.97
$88.60
Volume3.84 million shs
Average Volume6.67 million shs
Market Capitalization$12.58 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders. The company also offers a network of shared bikes and scooters in various cities to address the needs of riders for shorter routes; Express Drive program, a flexible car rentals program which connects drivers who need access to a car with third-party rental car companies; and concierge for organizations to manage the transportation needs of their customers and employees. Read More…

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:LYFT
CUSIP55087P104
CIKN/A
Phone844-250-2773

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.16 billion
Book Value$10.21 per share

Profitability

Net Income$-911,340,000.00

Miscellaneous

Employees4,791
Market Cap$12.58 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableNot Optionable

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LYFT (NASDAQ:LYFT) Frequently Asked Questions

What is LYFT's stock symbol?

LYFT trades on the NASDAQ under the ticker symbol "LYFT."

How were LYFT's earnings last quarter?

LYFT Inc (NASDAQ:LYFT) released its quarterly earnings results on Wednesday, October, 30th. The ride-sharing company reported ($1.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.66) by $0.09. The ride-sharing company had revenue of $955.60 million for the quarter, compared to the consensus estimate of $915.15 million. The business's revenue for the quarter was up 63.4% on a year-over-year basis. View LYFT's Earnings History.

When is LYFT's next earnings date?

LYFT is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for LYFT.

What price target have analysts set for LYFT?

37 analysts have issued 1-year price objectives for LYFT's shares. Their forecasts range from $35.00 to $96.00. On average, they anticipate LYFT's share price to reach $69.11 in the next year. This suggests a possible upside of 60.8% from the stock's current price. View Analyst Price Targets for LYFT.

What is the consensus analysts' recommendation for LYFT?

37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LYFT in the last year. There are currently 1 sell rating, 9 hold ratings and 27 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LYFT.

What are Wall Street analysts saying about LYFT stock?

Here are some recent quotes from research analysts about LYFT stock:
  • 1. According to Zacks Investment Research, "Lyft, Inc. is a ride-share company operating a transportation platform that connects passengers with drivers in the US and Canada. Their offerings include an expanded set of transportation modes, such as access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips. They have also added information about nearby public transit routes in select cities to offer riders a robust view of transportation options. Their multimodal platform enables TaaS, which they believe offers a viable alternative to car ownership. " (8/7/2019)
  • 2. SunTrust Banks, Inc. analysts commented, "We believe Lyft is benefiting from favorable secular and demographic trends affecting the emerging TaaS market. These are driven by the ubiquity and sophistication of personal mobile devices, and the ever-advancing set of consumer preferences, applied to the massive and highly inefficient $1.2T transportation market. We believe these trends are translating into robust, sustained growth for Lyft for years to come, and in time attractive profitability, making the stock a compelling “pure play” on this emerging segment in NA. Big Differentiator. Unlike Uber (Buy), which is more diversified and global, Lyft’s focus on personal mobility-only and on North America should allow it to continue to move faster, lead the industry in innovation and service, in our view." (6/4/2019)

Has LYFT been receiving favorable news coverage?

News stories about LYFT stock have trended very negative on Monday, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. LYFT earned a news impact score of -3.2 on InfoTrie's scale. They also assigned news articles about the ride-sharing company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for LYFT.

Are investors shorting LYFT?

LYFT saw a decline in short interest during the month of October. As of October 31st, there was short interest totalling 17,090,000 shares, a decline of 14.2% from the September 30th total of 19,920,000 shares. Based on an average trading volume of 6,740,000 shares, the short-interest ratio is presently 2.5 days. Currently, 8.9% of the shares of the stock are sold short. View LYFT's Current Options Chain.

Who are some of LYFT's key competitors?

What other stocks do shareholders of LYFT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LYFT investors own include NVIDIA (NVDA), Alibaba Group (BABA), Uber Technologies (UBER), Netflix (NFLX), Micron Technology (MU), Square (SQ), Tesla (TSLA), Boeing (BA), Roku (ROKU) and Walt Disney (DIS).

Who are LYFT's key executives?

LYFT's management team includes the folowing people:
  • Mr. Logan D. Green, Co-Founder, CEO & Director (Age 35)
  • Mr. John Patrick Zimmer, Co-Founder, Pres & Vice Chairman (Age 34)
  • Mr. Brian Keith Roberts, Chief Financial Officer (Age 50)
  • Mr. Jonathan McNeill, Chief Operating Officer (Age 51)
  • Ms. Kristina Omari, VP of Corp. Devel. & Investor Relations

When did LYFT IPO?

(LYFT) raised $2 billion in an IPO on Friday, March 29th 2019. The company issued 30,800,000 shares at a price of $62.00-$68.00 per share. J.P. Morgan, Credit Suisse, Jefferies, UBS Securities, Stifel, Nicolaus, RBC Capital Markets and KeyBanc Capital Markets acted as the underwriters for the IPO and Cowen, Raymond James, Canaccord Genuity, Evercore ISI, Piper Jaffray, JMP Securities, Wells Fargo Securities, KKR, Academy Securities, Blaylock Van, Penserra, Siebert Cisneros, The Williams Capital Group, CastleOak Securities, C.L. King & Associates, Drexel Hamilton, Great Pacific Securities, Loop Capital Markets, Mischler Financial Group, Samuel A. Ramirez, R. Seelaus and Tigress Financial Partners were co-managers.

When did the company's lock-up period expire?

LYFT's lock-up period expired on Wednesday, September 25th. LYFT had issued 32,500,000 shares in its initial public offering on March 29th. The total size of the offering was $2,340,000,000 based on an initial share price of $72.00. Since the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

Who are LYFT's major shareholders?

LYFT's stock is owned by a number of of retail and institutional investors. Top institutional investors include Zweig DiMenna Associates LLC (0.12%), First Trust Advisors LP (0.09%), Calamos Advisors LLC (0.05%), Parallel Advisors LLC (0.04%), SG Americas Securities LLC (0.04%) and Commerzbank Aktiengesellschaft FI (0.03%). Company insiders that own LYFT stock include Kristin Sverchek, R Ann Miura-Ko and Ran I Makavy. View Institutional Ownership Trends for LYFT.

Which institutional investors are selling LYFT stock?

LYFT stock was sold by a variety of institutional investors in the last quarter, including BB&T Securities LLC, Equitec Specialists LLC, Sumitomo Mitsui DS Asset Management Company Ltd and Commonwealth Equity Services LLC. Company insiders that have sold LYFT company stock in the last year include Kristin Sverchek and Ran I Makavy. View Insider Buying and Selling for LYFT.

Which institutional investors are buying LYFT stock?

LYFT stock was bought by a variety of institutional investors in the last quarter, including Zweig DiMenna Associates LLC, Parallel Advisors LLC, SG Americas Securities LLC, Miracle Mile Advisors LLC, Calamos Advisors LLC, Gateway Investment Advisers LLC, Creative Planning and Cohen Capital Management Inc.. View Insider Buying and Selling for LYFT.

How do I buy shares of LYFT?

Shares of LYFT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is LYFT's stock price today?

One share of LYFT stock can currently be purchased for approximately $42.97.

How big of a company is LYFT?

LYFT has a market capitalization of $12.58 billion and generates $2.16 billion in revenue each year. LYFT employs 4,791 workers across the globe.View Additional Information About LYFT.

What is LYFT's official website?

The official website for LYFT is http://www.lyft.com/.

How can I contact LYFT?

LYFT's mailing address is 185 BERRY STREET SUITE 5000, SAN FRANCISCO CA, 94107. The ride-sharing company can be reached via phone at 844-250-2773 or via email at [email protected]


MarketBeat Community Rating for LYFT (NASDAQ LYFT)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  90 (Vote Outperform)
Underperform Votes:  67 (Vote Underperform)
Total Votes:  157
MarketBeat's community ratings are surveys of what our community members think about LYFT and other stocks. Vote "Outperform" if you believe LYFT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LYFT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/11/2019 by MarketBeat.com Staff

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