Wedbush Comments on Lyft’s FY2025 Earnings (NASDAQ:LYFT)

Lyft, Inc. (NASDAQ:LYFT) – Analysts at Wedbush lowered their FY2025 earnings per share estimates for Lyft in a research report issued to clients and investors on Monday, January 6th. Wedbush analyst S. Devitt now expects that the ride-sharing company will earn $0.15 per share for the year, down from their prior estimate of $0.18. Wedbush currently has a “Neutral” rating and a $18.00 target price on the stock. The consensus estimate for Lyft’s current full-year earnings is $0.08 per share.

LYFT has been the topic of a number of other reports. Benchmark upgraded shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a research note on Thursday, November 7th. Barclays raised their price objective on Lyft from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Susquehanna lifted their price target on shares of Lyft from $10.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group upped their price objective on shares of Lyft from $18.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Twenty-seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.78.

Lyft Trading Down 6.7 %

LYFT stock opened at $13.36 on Wednesday. Lyft has a 12 month low of $8.93 and a 12 month high of $20.82. The firm’s 50-day moving average is $15.44 and its 200 day moving average is $13.43. The company has a market capitalization of $5.54 billion, a PE ratio of -83.50, a P/E/G ratio of 4.10 and a beta of 2.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.75 and a quick ratio of 0.75.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted ($0.02) EPS. Lyft’s quarterly revenue was up 31.6% on a year-over-year basis.

Insider Transactions at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 4,242 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $17.76, for a total value of $75,337.92. Following the completion of the sale, the insider now directly owns 755,847 shares in the company, valued at $13,423,842.72. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Logan Green sold 10,919 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $17.25, for a total value of $188,352.75. Following the completion of the sale, the director now directly owns 314,492 shares of the company’s stock, valued at $5,424,987. This trade represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,242 shares of company stock valued at $427,330 in the last three months. 3.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lyft

A number of institutional investors have recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Lyft in the 3rd quarter valued at about $27,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Lyft in the 2nd quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new stake in shares of Lyft in the 3rd quarter valued at $38,000. Quarry LP lifted its position in Lyft by 4,032.6% in the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock valued at $50,000 after acquiring an additional 3,468 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Lyft in the third quarter valued at $70,000. 83.07% of the stock is owned by hedge funds and other institutional investors.

About Lyft

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.