Lyft, Inc. (NASDAQ:LYFT) Receives $19.66 Consensus PT from Analysts

Lyft, Inc. (NASDAQ:LYFT) has received a consensus rating of “Hold” from the thirty-four ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.6290.

A number of research analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating on shares of Lyft in a report on Monday, February 2nd. Piper Sandler reiterated an “overweight” rating on shares of Lyft in a report on Wednesday, February 11th. The Goldman Sachs Group raised their price target on shares of Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Zephirin Group upped their price objective on shares of Lyft from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, November 6th. Finally, Wedbush reduced their target price on shares of Lyft from $16.00 to $13.00 and set an “underperform” rating for the company in a report on Wednesday, February 11th.

Key Headlines Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Short-term demand promotions: Lyft is running free rides across the Washington, D.C. area for St. Patrick’s Day and a 50% off promotion in Kansas (code “TRANSJOY”), efforts that could lift near‑term ridership and PR. Free Lyft rides offered across DC area for St. Patrick’s Day Lyft offers Kansas riders 50% off
• Neutral Sentiment: Talent movement: A former Lyft product leader (Rob Rekrutiak) was named CPO at GetYourGuide — notable for industry talent flow but not a direct company performance indicator. GetYourGuide Appoints Rob Rekrutiak
• Negative Sentiment: Analyst price target cut: Mizuho lowered its Lyft price target from $16 to $15 and kept a “neutral” rating, trimming upside and potentially weighing on investor sentiment. Mizuho cuts price target on Lyft
• Negative Sentiment: Insider selling: CAO Stephen Hope sold 5,284 shares (~$73k) and director Jill Beggs sold 2,093 shares (~$29k) on Feb. 27; both filings show reduced insider positions. Insider sales can be interpreted as negative near term even though insiders retain large holdings. Stephen Hope Form 4 Jill Beggs Form 4
• Negative Sentiment: Driver safety incidents: Multiple local reports of attacks on Lyft drivers (Cleveland area and other local coverage) may raise concerns about driver safety, retention, insurance and potential regulatory scrutiny — a reputational and cost risk. Lyft driver wants ‘no part of’ Cleveland rider’s drama I-TEAM: Yet another local Lyft driver attacked

Insider Buying and Selling at Lyft

In other news, CAO Stephen W. Hope sold 5,284 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $13.83, for a total value of $73,077.72. Following the completion of the transaction, the chief accounting officer owned 300,570 shares of the company’s stock, valued at $4,156,883.10. The trade was a 1.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Prashant Aggarwal sold 96,900 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $2,160,870.00. Following the sale, the director directly owned 874,369 shares in the company, valued at approximately $19,498,428.70. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 210,437 shares of company stock worth $4,417,438. Insiders own 3.07% of the company’s stock.

Hedge Funds Weigh In On Lyft

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Lyft by 7.4% during the third quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company’s stock valued at $567,492,000 after buying an additional 1,773,438 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Lyft by 15.4% during the 4th quarter. Renaissance Technologies LLC now owns 9,873,232 shares of the ride-sharing company’s stock worth $191,245,000 after acquiring an additional 1,320,938 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Lyft by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company’s stock valued at $104,561,000 after acquiring an additional 20,354 shares during the period. Norges Bank acquired a new stake in shares of Lyft during the 4th quarter valued at about $109,987,000. Finally, Swedbank AB purchased a new position in shares of Lyft in the 4th quarter valued at about $108,472,000. 83.07% of the stock is owned by hedge funds and other institutional investors.

Lyft Price Performance

Shares of LYFT opened at $13.21 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $16.92 and its 200-day moving average price is $19.02. Lyft has a 1-year low of $9.66 and a 1-year high of $25.54. The firm has a market capitalization of $5.26 billion, a PE ratio of 1.94, a price-to-earnings-growth ratio of 0.83 and a beta of 1.92.

Lyft announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 10th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the ride-sharing company to repurchase up to 15.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

About Lyft

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.