Currently, there are 391.24M common shares owned by the public and among those 338.66M shares have been available to trade.
Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 15,413,562 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 206,363 shares.
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The company’s stock has a 5-day price change of 7.08% and 45.61% over the past three months. LYFT shares are trading 13.94% year to date (YTD), with the 12-month market performance up to 74.64% higher. It has a 12-month low price of $7.85 and touched a high of $19.42 over the same period. LYFT has an average intraday trading volume of 18.44 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.87%, 20.89%, and 47.00% respectively.
Institutional ownership of Lyft Inc (NASDAQ: LYFT) shares accounts for 75.16% of the company’s 391.24M shares outstanding.
It has a market capitalization of $6.83B and a beta (3y monthly) value of 1.96. The earnings-per-share (ttm) stands at -$0.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.40% over the week and 6.63% over the month.
Analysts forecast that Lyft Inc (LYFT) will achieve an EPS of $0.02 for the current quarter, $0.14 for the next quarter and $0.85 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.88 while analysts give the company a high EPS estimate of $0.15. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.69%, and 41.39% over the next financial year. EPS should shrink at an annualized rate of 11.20% over the next five years, compared to 22.39% over the past 5-year period.
Looking at the support for the LYFT, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on Mar-05-24, with the firm’s price target at $17-$23. Goldman was of a view on January 11, 2024 that the stock is Neutral, while BMO Capital Markets gave the stock Market Perform rating on January 09, 2024, issuing a price target of $15. Nomura on their part issued Reduce rating on December 29, 2023.
