SunTrust Banks started coverage on shares of LYFT (NASDAQ:LYFT) in a research note released on Tuesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $74.00 price target on the ride-sharing company’s stock.
LYFT has been the subject of a number of other reports. Piper Jaffray Companies decreased their price target on shares of LYFT from $79.00 to $60.00 and set an overweight rating for the company in a report on Tuesday, December 3rd. Stifel Nicolaus decreased their price target on shares of LYFT from to and set a buy rating for the company in a report on Friday, January 17th. Barclays decreased their price target on shares of LYFT from $63.00 to $51.00 and set an equal weight rating for the company in a report on Thursday, October 31st. Royal Bank of Canada restated a buy rating and set a $82.00 price target on shares of LYFT in a report on Friday, February 7th. Finally, Morgan Stanley began coverage on shares of LYFT in a report on Thursday, October 24th. They set an equal weight rating and a $50.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $65.55.
LYFT stock opened at $44.69 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 1.49. LYFT has a 52-week low of $37.07 and a 52-week high of $88.60. The company has a 50-day moving average of $46.89 and a two-hundred day moving average of $47.00.
LYFT (NASDAQ:LYFT) last released its quarterly earnings results on Tuesday, February 11th. The ride-sharing company reported ($1.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.22) by $0.03. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $984.49 million. Equities analysts anticipate that LYFT will post -10.41 EPS for the current fiscal year.
In related news, Director Mary Agnes Wilderotter sold 1,663 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $52.49, for a total value of $87,290.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Kristin Sverchek sold 9,410 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $44.13, for a total transaction of $415,263.30. The disclosure for this sale can be found here. Insiders sold 178,072 shares of company stock valued at $7,950,163 in the last three months.
A number of large investors have recently bought and sold shares of LYFT. FMR LLC raised its position in LYFT by 147.2% in the fourth quarter. FMR LLC now owns 42,686,898 shares of the ride-sharing company’s stock worth $1,836,390,000 after purchasing an additional 25,416,234 shares in the last quarter. State Street Corp raised its position in LYFT by 99.4% in the fourth quarter. State Street Corp now owns 3,249,242 shares of the ride-sharing company’s stock worth $139,782,000 after purchasing an additional 1,620,112 shares in the last quarter. Mayfield XIII Management UGP Ltd. a Cayman Islands Exempted Co. acquired a new stake in shares of LYFT during the fourth quarter worth approximately $53,194,000. UBS Asset Management Americas Inc. increased its holdings in shares of LYFT by 384.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 804,327 shares of the ride-sharing company’s stock worth $34,602,000 after buying an additional 638,207 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of LYFT during the fourth quarter worth approximately $22,418,000. 44.44% of the stock is owned by hedge funds and other institutional investors.
LYFT Company Profile
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.
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