LYFT Inc (LYFT) Expected to Earn Q1 2019 Earnings of ($11.84) Per Share

LYFT Inc (NASDAQ:LYFT) – Equities researchers at Piper Jaffray Companies issued their Q1 2019 earnings estimates for shares of LYFT in a research report issued on Tuesday, April 23rd. Piper Jaffray Companies analyst M. Olson expects that the ridesharing company will earn ($11.84) per share for the quarter. Piper Jaffray Companies has a “Overweight” rating and a $78.00 price target on the stock. Piper Jaffray Companies also issued estimates for LYFT’s Q2 2019 earnings at ($1.22) EPS, Q3 2019 earnings at ($1.32) EPS, Q4 2019 earnings at ($1.30) EPS, FY2019 earnings at ($15.69) EPS, Q1 2020 earnings at ($1.03) EPS, Q2 2020 earnings at ($0.96) EPS, Q3 2020 earnings at ($0.73) EPS, Q4 2020 earnings at ($0.51) EPS and FY2020 earnings at ($3.23) EPS.

A number of other analysts also recently weighed in on LYFT. JMP Securities assumed coverage on LYFT in a research report on Tuesday. They issued an “outperform” rating and a $78.00 target price for the company. KeyCorp assumed coverage on LYFT in a research report on Tuesday. They issued a “sector weight” rating and a $67.00 target price for the company. UBS Group assumed coverage on LYFT in a research report on Tuesday. They issued a “buy” rating and a $82.00 target price for the company. Canaccord Genuity assumed coverage on LYFT in a research report on Tuesday. They issued a “buy” rating and a $75.00 target price for the company. Finally, Credit Suisse Group assumed coverage on LYFT in a research report on Tuesday. They issued an “outperform” rating and a $95.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $75.71.

Shares of NASDAQ LYFT opened at $56.34 on Thursday. LYFT has a 12 month low of $55.56 and a 12 month high of $88.60.

In related news, Director R. Ann Miura-Ko acquired 1,650 shares of the stock in a transaction on Tuesday, April 2nd. The stock was purchased at an average price of $72.00 per share, for a total transaction of $118,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in LYFT in the first quarter valued at approximately $385,000. Oppenheimer Asset Management Inc. bought a new stake in LYFT in the first quarter valued at approximately $414,000. Creative Planning bought a new stake in LYFT in the first quarter valued at approximately $490,000. FNY Investment Advisers LLC bought a new stake in LYFT in the first quarter valued at approximately $700,000. Finally, Calamos Advisors LLC bought a new stake in LYFT in the first quarter valued at approximately $1,174,000. Hedge funds and other institutional investors own 0.07% of the company’s stock.

About LYFT

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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Earnings History and Estimates for LYFT (NASDAQ:LYFT)

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