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

Lyft, Inc. (NASDAQ:LYFT) – Research analysts at Wedbush reduced their FY2025 earnings estimates for Lyft in a research note issued to investors on Monday, January 6th. Wedbush analyst S. Devitt now forecasts that the ride-sharing company will earn $0.15 per share for the year, down from their previous forecast 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 (NASDAQ:LYFT) last released its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company’s revenue was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS.

Several other research firms have also recently weighed in on LYFT. Evercore ISI raised their target price on shares of Lyft from $17.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Bank of America upped their target price on shares of Lyft from $16.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 7th. DA Davidson boosted their price target on Lyft from $11.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price objective (up from $17.00) on shares of Lyft in a research report on Thursday, November 7th. Finally, Raymond James started coverage on Lyft in a report on Tuesday, September 24th. They set a “market perform” rating on the stock. Twenty-seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.78.

Lyft Stock Performance

Shares of LYFT stock opened at $14.32 on Wednesday. The company’s fifty day simple moving average is $15.44 and its 200-day simple moving average is $13.43. Lyft has a 12 month low of $8.93 and a 12 month high of $20.82. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. The firm has a market cap of $5.94 billion, a PE ratio of -89.50, a P/E/G ratio of 4.10 and a beta of 2.14.

Insider Transactions at Lyft

In related news, Director Logan Green sold 10,919 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 314,492 shares in the company, valued at $5,424,987. This represents a 3.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lindsay Catherine Llewellyn sold 4,242 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $17.76, for a total transaction of $75,337.92. Following the completion of the transaction, the insider now owns 755,847 shares in the company, valued at approximately $13,423,842.72. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,242 shares of company stock worth $427,330. 3.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LYFT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Lyft by 0.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 18,052,879 shares of the ride-sharing company’s stock valued at $230,174,000 after acquiring an additional 80,675 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Lyft by 27.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 8,114,166 shares of the ride-sharing company’s stock valued at $103,456,000 after buying an additional 1,735,208 shares during the last quarter. Pacer Advisors Inc. bought a new position in Lyft in the third quarter worth approximately $90,604,000. Primecap Management Co. CA boosted its stake in shares of Lyft by 3.8% during the 3rd quarter. Primecap Management Co. CA now owns 6,491,590 shares of the ride-sharing company’s stock worth $82,768,000 after acquiring an additional 235,510 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. increased its stake in shares of Lyft by 84.8% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 6,186,000 shares of the ride-sharing company’s stock worth $78,872,000 after purchasing an additional 2,838,000 shares in the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Lyft Company Profile

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.