In the latest trading session,, 1.45 million Lyft Inc (NASDAQ:LYFT) shares changed hands as the company’s beta touched 2.14. With the company’s most recent per share price at $12.19 changed hands at -$0.35 or -2.75% at last look, the market valuation stands at $5.13B. LYFT’s current price is a discount, trading about -56.44% off its 52-week high of $19.07. The share price had its 52-week low at $8.93, which suggests the last value was 26.74% up since then. When we look at Lyft Inc’s average trading volume, we note the 10-day average is 11.38 million shares, with the 3-month average coming to 19.46 million.
Analysts gave the Lyft Inc (LYFT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.48. 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’s EPS for the current quarter is expected to be -0.02.
Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT was in red as seen in intraday trades today. With action 6.60%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -5.47%, with the 5-day performance at 6.60% in the green. However, in the 30-day time frame, Lyft Inc (NASDAQ:LYFT) is 2.74% up. Looking at the short shares, we see there were 40.77 million shares sold at short interest cover period of 2.26 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 32.28% from its recent market value. According to analyst projections, LYFT’s forecast low is 17 with 26 as the target high. To hit the forecast high, the stock’s price needs a -113.29% plunge from its current level, while the stock would need to soar -39.46% for it to hit the projected low.
Lyft Inc (LYFT) estimates and forecasts
Year-over-year growth is forecast to reach 11.92% up from the last financial year.
Consensus estimates given by 31 financial analysts project the company’s revenue in the current quarter to hit an average of 1.46B. 31 analysts are of the opinion that Lyft Inc’s revenue for the current quarter will be 1.61B. The company’s revenue for the corresponding quarters a year ago was 1.28B and 1.44B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.56%. The estimates for the next quarter sales put growth at 12.22%.
The 2025 estimates are for Lyft Inc earnings to increase by 0.61%, but the outlook for the next 5-year period is at 18.64% per year.
LYFT Dividends
Lyft Inc is expected to release its next quarterly earnings report on 2025-Feb-10.
Lyft Inc (NASDAQ:LYFT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.92% of Lyft Inc shares while 86.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.42%. There are 86.88% institutions holding the Lyft Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 14.5323% 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 8.3719% or 34.03 million shares worth $479.86 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were Columbia Fd.s Series TRT II-Columbia Seligman Technology and Informati and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 13.48 shares estimated at $163.8 million under it, the former controlled 3.27% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 2.65% of the shares, roughly 10.93 shares worth around $132.91 million.
