Lyft, Inc. (NASDAQ:LYFT) Receives Average Rating of “Hold” from Analysts

Shares of Lyft, Inc. (NASDAQ:LYFT) have received an average recommendation of “Hold” from the thirty-three research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twenty-two have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $19.6167.

LYFT has been the subject of a number of recent research reports. Truist Financial reduced their target price on shares of Lyft from $23.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, February 11th. Canaccord Genuity Group lowered their price target on shares of Lyft from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, February 11th. TD Cowen reaffirmed a “buy” rating on shares of Lyft in a research report on Wednesday, February 11th. Guggenheim reduced their price objective on shares of Lyft from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Evercore set a $21.00 target price on shares of Lyft in a research report on Wednesday, February 11th.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft rolled out a temporary driver-relief/cashback program to offset rising U.S. fuel costs — extra 2% cashback for Elite drivers and 1% for Gold/Platinum on Lyft Direct card for 60 days. This should help protect driver supply, reduce churn, and support trip availability and service levels. Read More.
• Positive Sentiment: Multiple outlets covered the driver relief program, increasing visibility and investor attention to Lyft’s cost-of-living support measures for gig workers. Broader coverage may temper investor concerns about driver earnings. Read More.
• Positive Sentiment: Lyft extended a six-year strategic partnership with MapUp to power toll intelligence (upfront pricing and automated toll reimbursements). Operational tools that reduce surprise fees and automate reimbursements can improve driver economics and user experience, supporting margin and retention. Read More.
• Neutral Sentiment: Consumer stocks were generally higher late in the session, offering a supportive market backdrop for Lyft as a consumer-facing mobility play; sector breadth may provide temporary tailwinds but isn’t company-specific. Read More.
• Neutral Sentiment: Coverage and longer-form pieces on ridesharing’s societal effects and competitors (e.g., Wheely expanding in NYC) provide context on market dynamics and niche competition but are unlikely to move LYFT materially in the near term. Read More.
• Neutral Sentiment: Automated data points about short interest in March appear anomalous/zeroed in reporting; treat that data as unreliable until clarified. This reduces clarity on positioning risk for the stock. (Multiple March filings referenced)
• Negative Sentiment: Local regulatory proposals (coverage noting Lyft and Uber say costs would be passed to customers under Mayor Parker’s proposal) highlight potential for higher fares or regulatory complexity; higher end prices can dampen demand and hurt volume over time. Read More.
• Negative Sentiment: Recent market commentary and tape shows LYFT lagging the broader market with a modest dip in recent sessions; near-term sentiment appears cautious as investors weigh rising fuel costs, competitive moves, and profitability path. Read More.

Lyft Trading Up 0.8%

Shares of NASDAQ LYFT opened at $13.26 on Thursday. 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 stock has a market capitalization of $5.28 billion, a P/E ratio of 1.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.92. Lyft has a 1-year low of $9.66 and a 1-year high of $25.54. The business has a fifty day moving average price of $14.99 and a 200 day moving average price of $18.66.

Lyft declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the ride-sharing company to purchase up to 15.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Lindsay Catherine Llewellyn sold 23,661 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $13.30, for a total transaction of $314,691.30. Following the transaction, the insider owned 696,850 shares in the company, valued at $9,268,105. This represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jill Beggs sold 2,093 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $13.89, for a total transaction of $29,071.77. Following the completion of the transaction, the director directly owned 32,185 shares of the company’s stock, valued at $447,049.65. The trade was a 6.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 31,038 shares of company stock valued at $416,841. 3.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LYFT. Empowered Funds LLC lifted its stake in shares of Lyft by 13.7% during the first quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock worth $287,000 after buying an additional 2,921 shares during the period. Focus Partners Wealth increased its position in shares of Lyft by 44.0% in the 1st quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock valued at $607,000 after acquiring an additional 15,621 shares during the period. Sivia Capital Partners LLC purchased a new position in Lyft in the 2nd quarter worth $470,000. PNC Financial Services Group Inc. lifted its position in Lyft by 27.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,316 shares of the ride-sharing company’s stock worth $194,000 after acquiring an additional 2,627 shares during the period. Finally, Creative Planning lifted its position in Lyft by 66.2% during the 2nd quarter. Creative Planning now owns 44,140 shares of the ride-sharing company’s stock worth $696,000 after acquiring an additional 17,574 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.

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.