Royal Bank Of Canada Lowers Lyft (NASDAQ:LYFT) Price Target to $18.00

Lyft (NASDAQ:LYFT) had its target price decreased by Royal Bank Of Canada from $22.00 to $18.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the ride-sharing company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 25.70% from the stock’s previous close.

LYFT has been the topic of a number of other research reports. Cantor Fitzgerald lowered their price target on Lyft from $21.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Mizuho reduced their price objective on shares of Lyft from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Roth Mkm restated a “buy” rating and issued a $23.00 price objective on shares of Lyft in a research report on Friday. Barclays reduced their price objective on shares of Lyft from $27.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Finally, DA Davidson reduced their price objective on shares of Lyft from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.28.

Lyft Stock Performance

Shares of NASDAQ LYFT traded up $0.16 during midday trading on Friday, reaching $14.32. 17,820,419 shares of the company were exchanged, compared to its average volume of 16,244,833. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. Lyft has a 1 year low of $12.46 and a 1 year high of $25.54. The stock has a fifty day simple moving average of $13.70 and a 200 day simple moving average of $17.23. The stock has a market cap of $5.70 billion, a P/E ratio of 2.11, a PEG ratio of 0.88 and a beta of 1.84.

Lyft (NASDAQ:LYFT) last released its quarterly earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Lyft had a negative return on equity of 3.79% and a net margin of 45.03%.The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the business earned $0.01 EPS. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, research analysts forecast that Lyft will post 0.66 earnings per share for the current fiscal year.

Lyft announced that its board has initiated a share buyback plan on Tuesday, February 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the ride-sharing company to repurchase up to 15.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $15.00, for a total transaction of $354,915.00. Following the completion of the sale, the insider directly owned 916,022 shares in the company, valued at approximately $13,740,330. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of Lyft 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 sale, the director owned 32,185 shares of the company’s stock, valued at approximately $447,049.65. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 54,699 shares of company stock worth $771,756. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Lyft

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Lyft by 115.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,593 shares of the ride-sharing company’s stock worth $367,000 after purchasing an additional 14,785 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Lyft by 54.6% during the 1st quarter. Van Berkom & Associates Inc. now owns 121,217 shares of the ride-sharing company’s stock worth $1,612,000 after purchasing an additional 42,800 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lyft by 58.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company’s stock worth $89,360,000 after purchasing an additional 2,467,010 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Lyft by 47.0% during the 1st quarter. Parallel Advisors LLC now owns 4,650 shares of the ride-sharing company’s stock worth $62,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Lyft by 0.4% during the 1st quarter. Swiss National Bank now owns 764,200 shares of the ride-sharing company’s stock worth $10,164,000 after purchasing an additional 2,800 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Management guides to strong forward growth — ~20% gross bookings growth and >30% adjusted EBITDA expansion as it closes the Gett U.K. deal, signaling potential margin upside from international scale. Lyft expects ~20% gross bookings growth
• Positive Sentiment: Top-line beat and resilient bookings: Q1 revenue rose to $1.65B (+~14% Y/Y) and gross bookings climbed despite winter storms; management said Q2 bookings and core profit outlook are stronger than Street expectations. Lyft signals strong bookings after winter storms
• Neutral Sentiment: Market view on valuation: a Seeking Alpha piece flags Lyft as one of the cheapest ride‑hailing stocks on SA’s valuation grades — may attract value-oriented buyers if growth execution continues. Lyft emerges as one of the cheapest ride hailing stocks
• Neutral Sentiment: Partnerships / loyalty: United Mileage redemption for Lyft rides expands distribution and customer acquisition channels, but the program’s near-term revenue impact is modest. United Flyers Now Can Redeem Their Miles For Lyft Rides
• Negative Sentiment: EPS miss and weaker profitability signal: Lyft reported GAAP EPS of $0.04 (well below consensus ~ $0.30), and the company disclosed lower cash balances — creating near-term confidence and liquidity questions for some investors. LYFT Q1 Earnings Miss Estimates, Revenues Increase Y/Y
• Negative Sentiment: Demand softness: total rides and other demand metrics came in light vs. expectations, prompting an intraday pullback after an initial pop — raises questions about cadence of rider recovery. Lyft Stock Fall on Earnings Report as Total Rides Disappoint
• Negative Sentiment: Analyst skepticism and legal risk: Bank of America reiterated a Sell rating (PT $17) citing competitive and margin pressures, and a separate lawsuit (assault claims) introduces potential legal exposure. Lyft: Sell Rating Reiterated Motley Rice files suit vs. Lyft

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.