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NASDAQ:LYFT

Lyft Stock Forecast, Price & News

$43.10
-0.30 (-0.69 %)
(As of 12/3/2020 12:00 AM ET)
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Today's Range
$42.40
Now: $43.10
$44.06
50-Day Range
$22.23
MA: $31.92
$43.40
52-Week Range
$14.56
Now: $43.10
$54.50
Volume8.20 million shs
Average Volume9.97 million shs
Market Capitalization$13.69 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.54
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company offers riders, personalized and on-demand access to various transportation options. It provides Ridesharing Marketplace, which 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 that 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 riders various transportation options; offers 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; and provides transportation solutions that can be customized for events, such as recruiting events, conferences, celebrations, meetings, and company retreats. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Lyft logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.33 out of 5 stars


Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:LYFT
CUSIP55087P104
CIKN/A
Phone844-250-2773
Employees5,683

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.62 billion
Book Value$6.31 per share

Profitability

Net Income$-2,602,240,000.00

Miscellaneous

Market Cap$13.69 billion
Next Earnings Date2/9/2021 (Estimated)
OptionableNot Optionable
$43.10
-0.30 (-0.69 %)
(As of 12/3/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lyft (NASDAQ:LYFT) Frequently Asked Questions

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

Lyft's stock was trading at $29.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LYFT stock has increased by 48.6% and is now trading at $43.10.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Lyft?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lyft in the last year. There are currently 12 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Lyft
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Lyft?

Wall Street analysts have given Lyft a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Lyft wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Lyft's next earnings date?

Lyft is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for Lyft
.

How were Lyft's earnings last quarter?

Lyft, Inc. (NASDAQ:LYFT) announced its earnings results on Tuesday, November, 10th. The ride-sharing company reported ($0.89) earnings per share for the quarter, beating the Zacks' consensus estimate of ($1.33) by $0.44. The ride-sharing company earned $499.70 million during the quarter, compared to the consensus estimate of $489.26 million. Lyft had a negative net margin of 58.70% and a negative return on equity of 60.70%. Lyft's quarterly revenue was down 47.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.41) earnings per share.
View Lyft's earnings history
.

What guidance has Lyft issued on next quarter's earnings?

Lyft updated its fourth quarter 2020 Pre-Market earnings guidance on Wednesday, December, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $554.716-554.716 million, compared to the consensus revenue estimate of $569.26 million.

What price target have analysts set for LYFT?

32 brokerages have issued 12 month price targets for Lyft's shares. Their forecasts range from $28.00 to $74.00. On average, they expect Lyft's stock price to reach $47.26 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price.
View analysts' price targets for Lyft
.

Are investors shorting Lyft?

Lyft saw a increase in short interest in November. As of November 15th, there was short interest totaling 32,920,000 shares, an increase of 30.1% from the October 31st total of 25,310,000 shares. Based on an average daily trading volume, of 10,990,000 shares, the short-interest ratio is presently 3.0 days. Approximately 13.6% of the company's stock are short sold.
View Lyft's Short Interest
.

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 Uber Technologies (UBER), Alibaba Group (BABA), NVIDIA (NVDA), Tesla (TSLA), The Walt Disney (DIS), Netflix (NFLX), Square (SQ), Micron Technology (MU), Advanced Micro Devices (AMD) and salesforce.com (CRM).

Who are Lyft's key executives?

Lyft's management team includes the following people:
  • Mr. Logan D. Green, Co-Founder, CEO & Director (Age 36, Pay $801.56k)
  • Mr. John Patrick Zimmer, Co-Founder, Pres & Vice Chairman (Age 36, Pay $2.01M)
  • Mr. Brian Keith Roberts, Chief Financial Officer (Age 51, Pay $444.01k)
  • Ms. Kristin Sverchek, Gen. Counsel & Sec. (Age 37, Pay $435.24k)
  • Ms. Lisa Blackwood-Kapral, Chief Accounting Officer (Age 52)
  • Mr. Shawn Woodhull, Head of Investor Relations
  • Ms. Kristina Omari, VP of Corp. Devel.
  • Mr. Rajil Kapoor, Chief Strategy Officer (Age 49)
  • Mr. Will Valentine, VP and Head of Communications & PR
  • Mr. Anthony R. Foxx, Chief Policy Officer (Age 49)

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 $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.

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.04%), Jackson Square Partners LLC (1.58%), Natixis (1.23%), State Street Corp (1.10%), UBS Asset Management Americas Inc. (0.99%) and Morgan Stanley (0.77%). Company insiders that own Lyft stock include Brian Keith Roberts, John Patrick Zimmer, Kristin Sverchek, Lisa Blackwood-Kapral, Logan Green, Mary Agnes Wilderotter, R Ann Miura-Ko and Ran I Makavy.
View institutional ownership trends for Lyft
.

Which major investors are selling Lyft stock?

LYFT stock was sold by a variety of institutional investors in the last quarter, including Natixis, New York State Common Retirement Fund, Schonfeld Strategic Advisors LLC, Raymond James & Associates, Ecofin Advisors Ltd, Creative Planning, US Bancorp DE, and Paloma Partners Management Co. Company insiders that have sold Lyft company stock in the last year include Kristin Sverchek, Lisa Blackwood-Kapral, Mary Agnes Wilderotter, and Ran I Makavy.
View insider buying and selling activity for Lyft
.

Which major investors are buying Lyft stock?

LYFT stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Jackson Square Partners LLC, Point72 Asset Management L.P., UBS Asset Management Americas Inc., Charles Schwab Investment Management Inc., BlackRock Inc., Arrowstreet Capital Limited Partnership, and Philadelphia Financial Management of San Francisco 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 $43.10.

How big of a company is Lyft?

Lyft has a market capitalization of $13.69 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 12/4/2020 by MarketBeat.com Staff

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