Wedbush Issues Positive Forecast for Lyft Earnings

Lyft, Inc. (NASDAQ:LYFT) – Analysts at Wedbush raised their Q1 2025 earnings per share (EPS) estimates for shares of Lyft in a research note issued on Wednesday, February 12th. Wedbush analyst S. Devitt now expects that the ride-sharing company will post earnings per share of ($0.02) for the quarter, up from their previous forecast of ($0.08). Wedbush currently has a “Neutral” rating and a $16.00 target price on the stock. The consensus estimate for Lyft’s current full-year earnings is $0.06 per share. Wedbush also issued estimates for Lyft’s Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.28 EPS and FY2026 earnings at $0.48 EPS.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their target price on Lyft from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Roth Mkm upped their price objective on Lyft from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reduced their target price on Lyft from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. DA Davidson lowered their target price on shares of Lyft from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $18.00 price target (down previously from $23.00) on shares of Lyft in a research note on Wednesday, February 12th. Twenty-six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lyft presently has an average rating of “Hold” and an average price target of $17.22.

Lyft Stock Performance

Shares of NASDAQ:LYFT opened at $14.01 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. Lyft has a 12 month low of $8.93 and a 12 month high of $20.82. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of -87.56, a PEG ratio of 1.94 and a beta of 2.16. The firm’s 50-day moving average is $13.77 and its 200 day moving average is $13.57.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings data on Tuesday, February 11th. The ride-sharing company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%.

Lyft declared that its board has authorized a stock repurchase plan on Tuesday, February 11th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the ride-sharing company to repurchase up to 8.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Director Logan Green sold 10,919 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total value of $188,352.75. Following the sale, the director now owns 314,492 shares in the company, valued at $5,424,987. This represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spurstone Advisory Services LLC purchased a new position in shares of Lyft during the 4th quarter valued at about $25,000. True Wealth Design LLC acquired a new stake in Lyft during the third quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Lyft during the fourth quarter valued at approximately $29,000. ORG Wealth Partners LLC acquired a new position in Lyft in the fourth quarter valued at approximately $31,000. Finally, Plato Investment Management Ltd purchased a new stake in Lyft in the 4th quarter worth approximately $35,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.