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Lyft, Inc. (LYFT)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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50.07+0.27 (+0.54%)
At close: 4:00PM EDT
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  • M
    Mighty Thor
    Hmm, this is a strange market. Beats results and then down.
  • b
    behar
    Long term holds 🚀
  • E
    Elon
    Lyft receives bullish upgrade today by Citi Bank, $80 PT
    "Citi analyst Itay Michaeli raised price target to $80 from $76 & reiterates Buy. analyst views Q1 results as "strong" & says Lyft's earnings power "clearly continues to improve." Assuming steady second half recovery, estimates adjusted EBITDA could end up positive for year."
  • J
    Jeff
    Don't forget that Lyft strongly beat the top and bottom line while lifting guidance
    - Lyft President told Bloomberg today that he's expecting a roaring 2021 summer for their business
    - Wall Street average price target for Lyft is $71.68
    - States are loosening restrictions and a full opening is coming soon, NY will fully reopen before July 1st.
  • S
    Shorty McShortBear
    Sold Short a lot of shares of LYFT at $56.21 average price. Happy with the fill price and looking forward to a major price nosedive for tomorrow. EArnings release is in just a few minutes...
  • E
    Elon
    Don't let these shorts fear you into selling, the Department of Labor ruling was referring to a rule that never was active. Doesn't change $LYFT or $UBER business as it was functioning before.
  • J
    Jeff
    Wall Street is extremely bullish on LYFT, buy the fear after a great earnings
    - Piper Sandler gives LYFT 88 PT
    - Wedbush gives LYFT 85 PT
    - Susquehanna gives LYFT 80 PT
    - BITG gives LYFT 80 PT
    - Wells Fargo gives LYFT 77 PT
    - Citi gives LYFT 76 PT
    - Deutsche Bank gives LYFT 75 PT
    - Goldman Sachs 74
    - DA Davidson gives LYFT to 72 PT
    - Morgan Stanley gives LYFT to 70 PT
    - Truist gives LYFT 70 PT
    - Jp Morgan gives Lyft 68 PT
    - Stifel gives LYFT 60 PT
    - Barclay's gives LYFT 60 PT
  • S
    Shorty McShortBear
    Conference Call coming up at 4:30 ET. Could be a big tumble if management tries to evade questions about the pending federal labor regulation law...
  • N
    Namenick
    Wonder what types of costs they are "slashing" to improve their results to shareholders
  • M
    Mighty Thor
    Wow, this thing might actually become profitable by the end of the year!
  • S
    Shorty McShortBear
    Later today I will be Covering my LYFT Pure Earnings Short Sell. I am Short a lot of shares at $56.21, and the stock was acting very perky yesterday in her AH session, after releasing decent earnings that failed to measure up to the extreme stock price over-valuation as well as massive uncertainty going forward, on top of their proven failed business model as they have been unable to generate even a single quarter of profitability since becoming publicly traded.

    Will logic and common sense win out today and result in a sentiment reversal that takes LYFT Red today?? Impossible to know in advance, but I am going to stay Short until at least 2 PM ET in order to see this end result. Will be running with a 10% Conditional, Bracketed OCO order. Meaning if the stock hits either $50.59 or $61.83 my position will be automatically closed. As a successful Pure Earnings Short Seller I have learned you have to be willing to take these 10%+ losses at times, because if you do the right plays you WILL see MORE 10+% winners. We shall see how this one plays out.

    My next Pure Earnings Short Sell play is going to be AES. As soon as I close out on LYFT I will be jumping into AES to the Short side. Why AES?? Highly over-valued. Extremely poor overall financials. Close to her 52 week high. Technical chart analysis indicates near-term drop in price. And a strong history of MISSING consensus estimates on quarterly EPS or Revenue. They have missed at least one of the two for the past FOURTEEN (14) consecutive quarters!

    Do your own DD, but I see an 80% chance that AES goes down on Thursday in direct response to her earnings release, and it looks like a SCREAMING Short Sell Pure Earnings play to me.

    Good Luck! :-)
  • D
    Daniel
    Upgraded to $80 by C
  • D
    Daniel
    Way way way oversold
  • S
    Shorty McShortBear
    My next Pure Earnings Short Sell play, after I Cover my SYY play later tomorrow, is going to be LYFT. I will be Shorting LYFT tomorrow afternoon, to hold through earnings release, in anticipation of a significant sell-off in direct response to the earnings release.

    Let us look at this Bloated Baby: LYFT has never had a profitable quarter since going public. It will not be profitable this quarter and there is no profitability in sight. This is what we call a Failed Business Model. An idea, a business plan, that looks good on paper and sounds good when it is "pitched" to investors and traders, but in reality CANNOT and will not be successfully executed. Earnings release is a Reality Slap to companies in this situation, and LYFT is absolutely poised to sell off this time around.

    Why? First, she is hugely over-valued. This should be trading in the $40's, at best. Irrational Exuberance in the market as a whole has lifted almost all stocks to unsustainable near-term levels. But a stock like this cannot be justified at $50+/share even on a long-term horizon. And now LYFT faces severe new federal governmental regulation throughout the USA. Still, it is up today for no rational reason, setting up for her earnings release nosedive.

    So, beyond the fact that LYFT has no clear, viable path to profitability either short or long-term, consider a few other hard financial numbers: Gross Margin is extremely poor. Operating Margin is poor. Return On Equity is very poor. This thing is running on flat tires, folks.

    But wait, I am saving the best for last: The dead giveaway that LYFT is a doomed company, is the MASSIVE amount of Insider Selling of the stock in recent DAYS, weeks, months. I have RARELY seen such a bold and open display of NO CONFIDENCE by a company's insiders. Do your own research, but here are a few FACTS:

    4/27/21: LYFT Director sells 115,000+ shares.
    4/26/21: LYFT CFO, the CHIEF FINANCIAL OFFICER, sells 15,000 shares.
    4/21/21: LYFT General Counsel sells 5000 shares.
    4/8/21 : LYFT CFO, the SAME Chief Financial Officer above, sells ANOTHER 15,000 shares. Doing it in STAGES hoping traders/investor don't notice...

    Fact: Just dating back to 3/1/21, we have a total of SEVENTEEN separate and distinct Insider Sales. And of course zero Insider Buys. And many of these sales are HUGE, 100,000+ shares dumped all at once in 8 out of the 17 Insider Sells. The CEO dumped 889,000 shares, worth $53 MILLION dollars, on 3/1/21.

    Anyway, I only post this Public Service Announcement because I know nobody pays attention to me, so the stock will likely continue higher tomorrow, allowing me to get Short at an even better price point. :-)

    Good Luck Folks! :-)
  • V
    Vad
    $65 tomorrow
  • R
    Richard
    Large parts of the US have reopened, and Lyft says growth is strong. Yet, they report an increase of 7% quarter on quarter. Does that seem measly to anyone else here?
    I repeat, the GAAP loss was -1.31 per share, or 420 million. Where are the cost cuts benefits. They layed off a lot of employees in April 2020.
  • M
    Mighty Thor
    |I was looking at Uber and Lyft after the drop, and saw that there is quite a bit of debt, plus evidently no profit. Which of the 2 companies do you feel is a better investment, and why are they not profitable? Thanks!
  • J
    Joseph
    Headline on Yahoo was "Lyft posts quarterly EARNINGS". I always thought earnings referred to a profit not a loss. I know this is standard terminology but wouldn't it be more accurate in situations where listed companies incur losses that the headline is that the company "posts results" or "posts a loss". And we wonder why the stock market is in a bubble when companies like Lyft which never made any money goues up more than 3.00 pre market because it loss less than estimated. When the bubble bursts all previous "bursts" will pale in comparison and this time we can blame the analysts who are always finding ways to justify over valued stocks with high P/Es or in Lyft's case no PE as their share price continues to rise. Since analysts can no longer cite low PEs for valuation purposes, they moved on to cash flow or revenue. It doesn't matter how many widgets a company sells if if doesn't make any money.
  • R
    Richard
    The usual confusion about per share loss vs "adjusted loss". Institutions are not confused, but it always seems to spin around the retail investors.
    They lost 1.31 per share, or about 420 million on a gaap basis. That's much worse than the .53 consesus loss expected. Rides up by 7%. Please, this is a cash burning dog.
    Shorty will be alright.
  • J
    Joseph
    Glad to see people didn't buy into the after hours and pre hours trading in this stock. Real earnings matter after all.