In the latest trading session, 1.31 million Lyft Inc (NASDAQ:LYFT) shares changed hands as the company’s beta touched 2.15. With the company’s most recent per share price at $11.57 changed hands at -$0.46 or -3.78% at last look, the market valuation stands at $4.84B. LYFT’s current price is a discount, trading about -79.95% off its 52-week high of $20.82. The share price had its 52-week low at $8.93, which suggests the last value was 22.82% up since then. When we look at Lyft Inc’s average trading volume, we note the 10-day average is 16.49 million shares, with the 3-month average coming to 18.52 million.
Analysts gave the Lyft Inc (LYFT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 13 recommended LYFT as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight.
Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT was in red as seen in intraday trades today. With action 1.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -10.27%, with the 5-day performance at 1.27% in the green. However, in the 30-day time frame, Lyft Inc (NASDAQ:LYFT) is -13.81% down. Looking at the short shares, we see there were 43.25 million shares sold at short interest cover period of 1.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 35.72% from its recent market value. According to analyst projections, LYFT’s forecast low is 13 with 26 as the target high. To hit the forecast high, the stock’s price needs a -124.72% plunge from its current level, while the stock would need to soar -12.36% for it to hit the projected low.
Lyft Inc (NASDAQ:LYFT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.98% of Lyft Inc shares while 87.33% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.95%. There are 87.33% institutions holding the Lyft Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 14.7118% of the shares, roughly 59.08 million LYFT shares worth $832.97 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.4753% or 34.03 million shares worth $479.86 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Fidelity Blue Chip Growth Fund. With 10.93 shares estimated at $126.68 million under it, the former controlled 2.67% of total outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held about 2.53% of the shares, roughly 10.38 shares worth around $120.22 million.
