LYFT Inc (NASDAQ:LYFT) – Research analysts at Jefferies Financial Group issued their FY2021 earnings estimates for LYFT in a research note issued to investors on Tuesday, February 11th. Jefferies Financial Group analyst B. Thill forecasts that the ride-sharing company will earn ($3.34) per share for the year.
LYFT (NASDAQ:LYFT) last announced its quarterly earnings data on Tuesday, February 11th. The ride-sharing company reported ($1.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.22) by $0.03. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $984.49 million.
Several other equities analysts also recently commented on LYFT. Wedbush reaffirmed a “buy” rating on shares of LYFT in a research report on Tuesday, December 31st. Cowen reissued an “outperform” rating and set a $74.00 price target (down previously from $78.00) on shares of LYFT in a research report on Wednesday. BidaskClub raised LYFT from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Wolfe Research raised LYFT from an “underperform” rating to a “peer perform” rating and set a $36.00 price target on the stock in a research report on Monday, October 21st. Finally, Sanford C. Bernstein initiated coverage on LYFT in a research report on Thursday, January 9th. They set a “market perform” rating and a $48.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty-one have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.55.
Shares of LYFT stock opened at $44.69 on Friday. The stock’s fifty day moving average is $46.89 and its two-hundred day moving average is $47.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.12. LYFT has a 52 week low of $37.07 and a 52 week high of $88.60.
Several hedge funds and other institutional investors have recently modified their holdings of LYFT. Surevest Inc. raised its stake in LYFT by 21.6% in the fourth quarter. Surevest Inc. now owns 21,366 shares of the ride-sharing company’s stock valued at $919,000 after buying an additional 3,793 shares during the last quarter. State Street Corp raised its stake in LYFT by 104.3% in the third quarter. State Street Corp now owns 1,629,130 shares of the ride-sharing company’s stock valued at $66,534,000 after buying an additional 831,600 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new stake in LYFT in the third quarter valued at about $40,000. Man Group plc raised its stake in LYFT by 748.2% in the third quarter. Man Group plc now owns 129,080 shares of the ride-sharing company’s stock valued at $5,271,000 after buying an additional 113,861 shares during the last quarter. Finally, Price Wealth LLC purchased a new stake in LYFT in the third quarter valued at about $56,000. Hedge funds and other institutional investors own 44.44% of the company’s stock.
In related news, General Counsel Kristin Sverchek sold 1,500 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $47.51, for a total transaction of $71,265.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President John Patrick Zimmer sold 39,037 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $43.60, for a total value of $1,702,013.20. The disclosure for this sale can be found here. Insiders have sold a total of 178,072 shares of company stock valued at $7,950,163 over the last 90 days.
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.
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