NASDAQ:LYFTLYFT Stock Price, Forecast & News

LYFT's stock was trading at $29.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LYFT shares have increased by 2.9% and is now trading at $29.84. View which stocks have been most impacted by Coronavirus.

37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LYFT in the last year. There are currently 11 hold ratings and 26 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for LYFT.

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

LYFT Inc (NASDAQ:LYFT) released its earnings results on Wednesday, May, 6th. The ride-sharing company reported ($0.88) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($1.08) by $0.20. The ride-sharing company earned $955.71 million during the quarter, compared to analysts' expectations 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.

37 Wall Street analysts have issued 1 year price targets for LYFT's stock. Their forecasts range from $28.00 to $75.00. On average, they anticipate LYFT's share price to reach $46.94 in the next year. This suggests a possible upside of 57.3% from the stock's current price. View analysts' price targets for LYFT.

News articles about LYFT stock have been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LYFT earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned headlines about the ride-sharing company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about LYFT.

LYFT saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 18,410,000 shares, a drop of 7.2% from the May 31st total of 19,830,000 shares. Based on an average daily volume of 10,590,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 8.7% of the shares of the stock are sold short. View LYFT's Current Options Chain.

Some companies that are related to LYFT include 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), Etsy (ETSY), Zillow Group (ZG), Fair Isaac (FICO), The Western Union (WU), WEX (WEX), Farfetch (FTCH) and GrubHub (GRUB). View all competitors.

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).

(LYFT) raised $2 billion in an initial public offering on Friday, March 29th 2019. The company issued 30,800,000 shares at $62.00-$68.00 per share. J.P. Morgan, Credit Suisse, Jefferies, UBS Securities, Stifel, Nicolaus, RBC Capital Markets and KeyBanc Capital Markets served 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.

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

LYFT's stock is owned by a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.03%), Foundations Investment Advisors LLC (0.00%), Sanders Morris Harris LLC (0.00%) and Patriot Financial Group Insurance Agency LLC (0.00%). 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.

LYFT stock was bought by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC, Envestnet Asset Management Inc., Foundations Investment Advisors LLC, and Patriot Financial Group Insurance Agency LLC. View insider buying and selling activity for 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.

One share of LYFT stock can currently be purchased for approximately $29.84.

LYFT has a market capitalization of $9.16 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.

The official website for LYFT is www.lyft.com.

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]