In today’s recent session, 3.04 million shares of the Lyft Inc (NASDAQ:LYFT) have been traded, and its beta is 2.23. Most recently the company’s share price was $16.26, and it changed around $0.16 or 1.00% from the last close, which brings the market valuation of the company to $6.84B. LYFT at last check was trading at a discount to its 52-week high of $19.07, offering almost -17.28% off that amount. The share price’s 52-week low was $8.93, which indicates that the recent value has risen by an impressive 45.08% since then. We note from Lyft Inc’s average daily trading volume that its 10-day average is 21.63 million shares, with the 3-month average coming to 18.69 million.
Lyft Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.44. If we narrow it down even further, the data shows that 1 out of 47 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 31 recommended LYFT as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight. Lyft Inc is expected to report earnings per share of 0.05 for the current quarter.
Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT has been showing a green trend so far today with a performance of 1.00% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 16.71 on recent trading dayincreased the stock’s daily price by 2.69%. The company’s shares are currently up 26.05% year-to-date, but still down -2.98% over the last five days. On the other hand, Lyft Inc (NASDAQ:LYFT) is 33.18% up in the 30-day period. We can see from the shorts that 43.9 million shares have been sold at a short interest cover period of 3.0 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to increase their stock price by 29.3% from its current value. Analyst projections state that LYFT is forecast to be at a low of $18 and a high of $28.
Lyft Inc (LYFT) estimates and forecasts
The year-over-year growth rate is expected to be 11.93%, up from the previous year.
Consensus estimates provided by 33 financial analysts predict the company will bring in an average of 1.61B in revenue for the current quarter. 32 analysts expect Lyft Inc to make 1.69B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.44B and 1.52B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.29%. Forecasts for the next quarter put sales growth at 10.97%.
Lyft Inc earnings are expected to increase by 8.84% in 2025, but the outlook is positive 19.74% per year for the next five years.
LYFT Dividends
Lyft Inc’s next quarterly earnings report is expected to be released on 2025-May-07.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.83% of Lyft Inc shares, and 83.90% of them are in the hands of institutional investors. The stock currently has a share float of 87.25%. Lyft Inc stock is held by 608.0 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 8.3719% or 34.03 million shares worth $479.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Columbia Fd.s Series TRT II-Columbia Seligman Technology and Informati and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 28, 2025 . The former held 13.48 shares worth $220.81 million, making up 3.27% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 10.93 shares worth around $179.17 million, which represents about 2.65% of the total shares outstanding.
