In today’s recent session, 4.01 million shares of the Lyft Inc (NASDAQ:LYFT) have been traded, and its beta is 2.15. Most recently the company’s share price was $10.99, and it changed around $0.1 or 0.94% from the last close, which brings the market valuation of the company to $4.62B. LYFT at last check was trading at a discount to its 52-week high of $19.07, offering almost -73.52% off that amount. The share price’s 52-week low was $8.93, which indicates that the recent value has risen by an impressive 18.74% since then. We note from Lyft Inc’s average daily trading volume that its 10-day average is 17.99 million shares, with the 3-month average coming to 19.70 million.
Lyft Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 1 out of 48 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 30 recommended LYFT as a Hold, whereas 10 deemed it a Buy, and 2 rated it as Underweight.
Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT has been showing a green trend so far today with a performance of 0.94% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.31 on recent trading dayincreased the stock’s daily price by 2.83%. The company’s shares are currently down -14.78% year-to-date, but still down -3.06% over the last five days. On the other hand, Lyft Inc (NASDAQ:LYFT) is -4.66% down in the 30-day period. We can see from the shorts that 41.56 million shares have been sold at a short interest cover period of 2.37 day(s).
The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 38.94% from its current value. Analyst projections state that LYFT is forecast to be at a low of $13 and a high of $26.
Lyft Inc earnings are expected to increase by 2.17% in 2025, but the outlook is positive 19.68% per year for the next five years.
LYFT Dividends
Lyft Inc’s next quarterly earnings report is expected to be released on 2025-Feb-10.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.94% of Lyft Inc shares, and 87.62% of them are in the hands of institutional investors. The stock currently has a share float of 91.22%. Lyft Inc stock is held by 592.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.5323% of the shares, which is about 59.08 million shares worth $832.97 million.
VANGUARD GROUP INC, with 8.4753% or 34.03 million shares worth $479.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Pacer Funds Trust-Pacer US Cash Cows 100 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 10.93 shares worth $120.72 million, making up 2.67% of all outstanding shares. On the other hand, Pacer Funds Trust-Pacer US Cash Cows 100 ETF held roughly 9.39 shares worth around $103.7 million, which represents about 2.29% of the total shares outstanding.
