NASDAQ:LYFTLYFT Stock Price, Forecast & News

$31.12

-0.61 (-1.92 %)

(As of 05/29/2020 01:20 PM ET)

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Today's Range

$30.61

Now: $31.12▼

$32.00

50-Day Range

$26.12

MA: $30.39▼

$34.32

52-Week Range

$14.56

Now: $31.12▼

$68.33

Volume143,183 shs

Average Volume11.00 million shs

Market Capitalization$9.55 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.72

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. In addition, it integrates third-party public transit data into the Lyft app to offer various enterprise programs, including monthly ride credits for daily commutes, supplementing public transit by providing rides for the first and last leg of commute trips, late-night rides home, and shuttle replacement rides. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
LYFT has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 29 buy ratings, 12 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.82, LYFT has a potential upside of 56.9% from its current price of $31.12.
Amount of Analyst Coverage
LYFT has been the subject of 23 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.9 Community Rank

Outperform Votes
LYFT has received 172 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
LYFT has received 122 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
LYFT has received 58.50% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
LYFT does not currently pay a dividend.
Dividend Growth
LYFT does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, LYFT insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,245.00 in company stock.
Percentage Held by Institutions
62.42% of the stock of LYFT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for LYFT are expected to grow in the coming year, from ($4.86) to ($2.80) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of LYFT is -4.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of LYFT is -4.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
LYFT has a P/B Ratio of 3.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.78 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Business services, not elsewhere classified

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:LYFT

Previous Symbol

CUSIP55087P104

CIKN/A

Webwww.lyft.com

Phone844-250-2773

Debt

Debt-to-Equity Ratio0.15

Current Ratio1.23

Quick Ratio1.23

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.62 billion

Price / Sales2.64

Cash FlowN/A

Price / Cash FlowN/A

Book Value$8.50 per share

Price / Book3.66

Profitability

EPS (Most Recent Fiscal Year)($9.90)

Net Income$-2,602,240,000.00

Net Margins-49.05%

Return on Equity-45.73%

Return on Assets-23.62%

Miscellaneous

Employees5,683

Outstanding Shares306,810,000

Market Cap$9.55 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableNot Optionable

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LYFT (NASDAQ:LYFT) Frequently Asked Questions

How has LYFT's stock been impacted by COVID-19 (Coronavirus)?

LYFT's stock was trading at $29.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LYFT stock has increased by 7.3% and is now trading at $31.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of LYFT?

41 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LYFT in the last year. There are currently 12 hold ratings and 29 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for LYFT.

When is LYFT's next earnings date?

LYFT is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for LYFT.

How were LYFT's earnings last quarter?

LYFT Inc (NASDAQ:LYFT) posted its earnings results on Wednesday, May, 6th. The ride-sharing company reported ($0.88) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($1.08) by $0.20. The ride-sharing company had revenue of $955.71 million for the quarter, compared to analyst estimates of $864.44 million. LYFT had a negative net margin of 49.05% and a negative return on equity of 45.73%. View LYFT's earnings history.

What price target have analysts set for LYFT?

41 equities research analysts have issued 12-month price objectives for LYFT's stock. Their forecasts range from $25.00 to $80.00. On average, they anticipate LYFT's share price to reach $48.82 in the next twelve months. This suggests a possible upside of 56.9% from the stock's current price. View analysts' price targets 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?

Media coverage about LYFT stock has trended positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. LYFT earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave media stories about the ride-sharing company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the next several days. View the latest news aboutLYFT.

Are investors shorting LYFT?

LYFT saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 16,830,000 shares, a drop of 8.7% from the April 30th total of 18,440,000 shares. Based on an average daily volume of 11,680,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 8.0% of the shares of the stock are sold short. View LYFT's Current Options Chain.

Who are some of LYFT's key competitors?

Some companies that are related to LYFT include eBay (EBAY), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Broadridge Financial Solutions (BR), Zillow Group (Z), Zillow Group (ZG), Fair Isaac (FICO), Etsy (ETSY), The Western Union (WU), WEX (WEX) and Nielsen (NLSN). View all 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 Uber Technologies (UBER), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Tesla (TSLA), Boeing (BA), Netflix (NFLX), Micron Technology (MU), Roku (ROKU) and Square (SQ).

Who are LYFT's key executives?

LYFT's management team includes the following 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 initial public offering (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.

What is LYFT's stock symbol?

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

Who are LYFT's major shareholders?

LYFT's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.62%), Baillie Gifford & Co. (1.22%), State Street Corp (1.15%), Grantham Mayo Van Otterloo & Co. LLC (1.02%), Ontario Teachers Pension Plan Board (0.98%) and Primecap Management Co. CA (0.91%). Company insiders that own LYFT stock include Brian Keith Roberts, John Patrick Zimmer, Kristin Sverchek, Logan Green, Mary Agnes Wilderotter, 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 Morgan Stanley, Morgan Stanley, Portolan Capital Management LLC, Janus Henderson Group PLC, Weiss Multi Strategy Advisers LLC, BlackRock Inc., Commerzbank Aktiengesellschaft FI, and Zevenbergen Capital Investments LLC. Company insiders that have sold LYFT company stock in the last year include Brian Keith Roberts, John Patrick Zimmer, Kristin Sverchek, Logan Green, Mary Agnes Wilderotter, and Ran I Makavy. View insider buying and selling activity for LYFT.

Which institutional investors are buying LYFT stock?

LYFT stock was bought by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Invesco Ltd., Grantham Mayo Van Otterloo & Co. LLC, Fred Alger Management LLC, Spyglass Capital Management LLC, Quinn Opportunity Partners LLC, Calamos Advisors LLC, and Nuveen Asset Management LLC. View insider buying and selling activity 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 $31.12.

How big of a company is LYFT?

LYFT has a market capitalization of $9.55 billion and generates $3.62 billion in revenue each year. The ride-sharing company earns $-2,602,240,000.00 in net income (profit) each year or ($9.90) on an earnings per share basis. LYFT employs 5,683 workers across the globe.

What is LYFT's official website?

The official website for LYFT is 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff