Stocks of Lyft Inc (NASDAQ:LYFT) traded higher last session on Wall Street, up 8.71% to $14.36.
According to the data, Lyft Inc (NASDAQ:LYFT) has 40 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 $18.00 and a low of $7.00, we find $11.10. Given the previous closing price of $13.21, this indicates a potential downside of -15.97 percent. LYFT stock price is now 34.81% away from the 50-day moving average and 38.82% away from the 200-day moving average. The market capitalization of the company currently stands at $5.64B.
A total of 31 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $11.94 as their price target over the next twelve months.
With the price target maintained at $7, MoffettNathanson recently Downgraded its rating from Market Perform to Sell for Lyft Inc (NASDAQ: LYFT).
In other news, Brewer Erin, Chief Financial Officer sold 22,354 shares of the company’s stock on Dec 01. The stock was sold for $283,834 at an average price of $12.70. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,906,812 shares in the company, valued at $27.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, Chief Accounting Officer BLACKWOOD-KAPRAL LISA sold 18,575 shares of the business’s stock. A total of $230,289 was realized by selling the stock at an average price of $12.40. This leaves the insider owning 301,580 shares of the company worth $4.33 million. Insiders disposed of 353,259 shares of company stock worth roughly $5.07 million over the past 1 year. A total of 15.64% of the company’s stock is owned by insiders.
Monday’s opening bell rang with an opening price of $13.21 for Lyft Inc (NASDAQ: LYFT). During the past 12 months, Lyft Inc has had a low of $7.85 and a high of $18.36. As of last week, the company has a debt-to-equity ratio of 2.39, a current ratio of 0.85, and a quick ratio of 0.85. The fifty day moving average price for LYFT is $10.65 and a two-hundred day moving average price translates $10.34 for the stock.
The latest earnings results from Lyft Inc (NASDAQ: LYFT) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at $0.24, beating analysts’ expectations of $0.13 by 0.11. This compares to -$1.18 EPS in the same period last year. The net profit margin was -20.72% and return on equity was -146.23% for LYFT. The company reported revenue of $1.16 billion for the quarter, compared to $1.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.84 percent. For the current quarter, analysts expect LYFT to generate $1.22B in revenue.
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.
