Needham & Company LLC Reiterates Hold Rating for Lyft (NASDAQ:LYFT)

Lyft (NASDAQ:LYFT)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports.

Several other equities analysts also recently commented on LYFT. Weiss Ratings restated a “hold (c-)” rating on shares of Lyft in a research note on Thursday, January 22nd. Roth Mkm set a $25.00 price target on shares of Lyft and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Sanford C. Bernstein boosted their target price on Lyft from $22.00 to $23.00 and gave the company a “market perform” rating in a research report on Monday, November 10th. TD Cowen reissued a “buy” rating on shares of Lyft in a research note on Thursday, November 6th. Finally, Oppenheimer set a $26.00 target price on Lyft and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.03.

Lyft Stock Up 1.4%

Shares of Lyft stock opened at $16.85 on Wednesday. The business’s 50 day simple moving average is $19.04 and its 200 day simple moving average is $19.08. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72. Lyft has a 52-week low of $9.66 and a 52-week high of $25.54. The firm has a market cap of $6.73 billion, a PE ratio of 44.34, a P/E/G ratio of 1.03 and a beta of 1.93.

Lyft declared that its board has approved a share repurchase plan on Tuesday, February 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the ride-sharing company to purchase up to 15.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at Lyft

In other Lyft news, Director David Lawee sold 6,578 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $22.55, for a total value of $148,333.90. Following the sale, the director owned 104,460 shares of the company’s stock, valued at $2,355,573. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John David Risher purchased 5,030 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average cost of $19.80 per share, with a total value of $99,594.00. Following the purchase, the chief executive officer owned 11,802,296 shares in the company, valued at approximately $233,685,460.80. This represents a 0.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 187,443 shares of company stock valued at $4,178,618 in the last ninety days. 3.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lyft

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LYFT. Quent Capital LLC purchased a new stake in shares of Lyft during the third quarter valued at $34,000. International Assets Investment Management LLC bought a new position in Lyft in the fourth quarter valued at about $40,000. Bogart Wealth LLC increased its position in shares of Lyft by 1,242.2% during the 2nd quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the last quarter. Huntington National Bank lifted its stake in shares of Lyft by 171.8% in the 4th quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 1,374 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in Lyft in the third quarter worth approximately $50,000. 83.07% of the stock is currently owned by institutional investors.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Board authorizes $1.0 billion share buyback (up to ~15.1% of outstanding stock), a clear signal management believes LYFT is undervalued and it boosts buyback-driven EPS support and demand for shares. RTT News
• Positive Sentiment: Company reported record Q4 and full-year 2025 results in a corporate release, highlighting improved revenue and cash balances that management frames as part of a “comeback” story and sets expectations for transformational 2026 initiatives. Business Wire
• Positive Sentiment: Product expansion: Lyft launched teen accounts nationwide (rolled out in Atlanta and other cities) to broaden its addressable market and add recurring riders, a potential long-term growth lever if adoption ramps. WABE
• Neutral Sentiment: Management reiterated plans to increase autonomous vehicle (AV) deployments in 2026 — a strategic, capital-intensive shift that could lower operating costs over time but carries execution and near-term cost risk. MarketWatch
• Negative Sentiment: Q4 results disappointed on several operating metrics: revenue and active riders/ride counts missed Street estimates, and Lyft reported an unexpected operating loss for 2025 — headlines that triggered a large intraday sell-off when results released. Business Insider
• Negative Sentiment: Company lowered near-term tone for 2026 amid storm-related impacts and a mixed outlook, prompting analyst revisions and press skepticism about growth re-acceleration. That guidance uncertainty pressured shares despite the buyback. MarketWatch
• Negative Sentiment: Reputational/safety headwinds: two Lyft drivers were killed in Cleveland in separate attacks within 36 hours, a development that can raise regulatory, insurance and rider-safety concerns. MSN

Lyft Company Profile

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.