Stocks of Lyft Inc. (NASDAQ:LYFT) traded higher last session on Wall Street, down -0.24% to $8.34.
According to the data, Lyft Inc. (NASDAQ:LYFT) has 44 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $7.60, we find $10.00. Given the previous closing price of $8.36, this indicates a potential upside of 19.62 percent. LYFT stock price is now -12.72% away from the 50-day moving average and -33.85% away from the 200-day moving average. The market capitalization of the company currently stands at $3.24B.
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A total of 33 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $11.60 as their price target over the next twelve months.
, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’.
In other news, Wilderotter Mary Agnes, Director sold 1,826 shares of the company’s stock on Feb 27. The stock was sold for $18,544 at an average price of $10.16. Upon completion of the transaction, the Director now directly owns 35,078 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, Director Wilderotter Mary Agnes sold 1,826 shares of the business’s stock. A total of $30,403 was realized by selling the stock at an average price of $16.65. This leaves the insider owning 36,904 shares of the company worth $0.31 million. Insiders disposed of 495,671 shares of company stock worth roughly $4.13 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LYFT stock. A new stake in Lyft Inc. shares was purchased by DORSAL CAPITAL MANAGEMENT, LLC during the first quarter worth $50,040,000. BANK OF NOVA SCOTIA invested $24,415,000 in shares of LYFT during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Lyft Inc. valued at approximately $22,361,000. WALLEYE CAPITAL LLC acquired a new stake in LYFT for approximately $11,166,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in LYFT valued at around $7,784,000 in the second quarter. In total, there are 558 active investors with 83.90% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $8.37 for Lyft Inc. (NASDAQ: LYFT). During the past 12 months, Lyft Inc. has had a low of $8.06 and a high of $21.52. As of last week, the company has a debt-to-equity ratio of 2.25, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for LYFT is $9.53 and a two-hundred day moving average price translates $12.57 for the stock.
The latest earnings results from Lyft Inc. (NASDAQ: LYFT) was released for Mar, 2023. The net profit margin was -37.30% and return on equity was -251.70% for LYFT. The company reported revenue of $1.0 billion for the quarter, compared to $875.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.27 percent.
Lyft Inc.(LYFT) Company Profile
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers access to autonomous vehicles; centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. 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.
