During the recent session, Lyft, Inc. (NASDAQ:LYFT)’s traded shares were 2,594,849, with the beta value of the company hitting 0. At the last check, the stock’s price was $61.9, reflecting an intraday gain of 1.54% or $0.94. The 52-week high for the LYFT share is $68.28, that puts it down -10.31% from that peak though still a striking +65.53% gain since the share price plummeted to a 52-week low of $21.34. The company’s market capitalization is $20.39 Billion, and the average intraday trading volume over the past 10 days was 4.53 Million shares, and the average trade volume was 6.98 Million shares over the past three months.

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Lyft, Inc. (LYFT) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.2. LYFT has a Sell rating from 2 analyst(s) out of 39 analysts who have looked at this stock. 13 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 24 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.54.

Lyft, Inc. (NASDAQ:LYFT): Trading Information

Lyft, Inc. (LYFT) registered a 1.54% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.16% in intraday trading to $65.94 this Monday, Apr 05, hitting a weekly high. The stock’s 5-day price performance is -2.06%, and it has moved by -3.78% in 30 days. Despite these dips, the overall price performance for the year is 25.95%. The short interest in Lyft, Inc. (NASDAQ:LYFT) is 25.3 Million shares and it means that shorts have 3.62 day(s) to cover.

The consensus price target of analysts on Wall Street is $66.97, which implies an increase of 8.19% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30 and $88 respectively. As a result, LYFT is trading at a discount of 42.16% off the target high and -51.53% off the low.

Lyft, Inc. (LYFT) projections and forecasts

Statistics show that Lyft, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Lyft, Inc. (LYFT) shares have gone up +128.4% during the last six months, with a year-to-date growth rate less than the industry average at -56.23% against 7.2%. Yet analysts are winding down their growth forecast for the fiscal year 2021. Revenue is predicted to decline -68.8% this quarter and then jump 55.8% in the quarter after that. In the rating firms’ projections, revenue will increase 28.8% compared to the previous financial year.

Revenue for the current quarter is expected to be $555.98 Million as predicted by 31 analyst(s). Meanwhile, a consensus of 31 analyst(s) estimates revenue growth to $678.17 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $955.71 Million and $339.35 Million respectively. In this case, analysts expect current quarter sales to lessen by -41.8% and then jump by 99.8% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return 50.9% in 2021, the next five years will return 0% per annum.


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Lyft, Inc. (NASDAQ:LYFT)’s Biggest Investors

Lyft, Inc. insiders own 17.2% of total outstanding shares while institutional holders control 80.96%, with the float percentage being 97.77%. FMR, LLC is the largest shareholder of the company, while 593 institutions own stock in it. As of Dec 30, 2020, the company held over 46.17 Million shares (or 14.42% of all shares), a total value of $2.27 Billion in shares.

The next largest institutional holding, with 21.16 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 6.61% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $1.04 Billion.

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Also, the Mutual Funds coming in first place with the largest holdings of Lyft, Inc. (LYFT) shares are Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2021 indicates that Fidelity Blue Chip Growth Fund owns about 18,238,479 shares. This amounts to just over 5.7 percent of the company’s overall shares, with a $1.02 Billion market value. The same data shows that the other fund manager holds slightly less at 6.94 Million, or about 2.17% of the stock, which is worth about $341.2 Million.

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