Lyft, Inc. (NASDAQ:LYFT) Insider Sells $50,916.00 in Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 4,243 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $12.00, for a total transaction of $50,916.00. Following the sale, the insider now directly owns 760,089 shares of the company’s stock, valued at $9,121,068. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lindsay Catherine Llewellyn also recently made the following trade(s):

• On Tuesday, August 27th, Lindsay Catherine Llewellyn sold 8,486 shares of Lyft stock. The shares were sold at an average price of $11.76, for a total transaction of $99,795.36.

Lyft Price Performance

Shares of LYFT traded up $0.33 during mid-day trading on Monday, hitting $11.68. 11,621,830 shares of the company were exchanged, compared to its average volume of 15,389,500. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of -24.15 and a beta of 2.04. Lyft, Inc. has a 1-year low of $8.85 and a 1-year high of $20.82. The company has a 50 day moving average of $11.65 and a 200-day moving average of $14.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 0.74.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Wednesday, August 7th. The ride-sharing company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Lyft had a negative return on equity of 8.57% and a negative net margin of 1.27%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) earnings per share. Analysts expect that Lyft, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Lyft

A number of hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its stake in Lyft by 15.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 39,613 shares of the ride-sharing company’s stock valued at $767,000 after acquiring an additional 5,184 shares in the last quarter. Swiss National Bank increased its holdings in shares of Lyft by 2.0% in the first quarter. Swiss National Bank now owns 683,100 shares of the ride-sharing company’s stock valued at $13,218,000 after purchasing an additional 13,300 shares during the last quarter. Corient Private Wealth LLC lifted its position in Lyft by 163.9% during the fourth quarter. Corient Private Wealth LLC now owns 100,826 shares of the ride-sharing company’s stock worth $1,511,000 after buying an additional 62,623 shares in the last quarter. Range Financial Group LLC purchased a new stake in Lyft in the 1st quarter valued at $470,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Lyft in the 1st quarter worth $41,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LYFT shares. Loop Capital reduced their price target on Lyft from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Fox Advisors upgraded Lyft from an “equal weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research note on Friday, June 7th. Bank of America raised Lyft from an “underperform” rating to a “buy” rating and raised their price target for the stock from $15.00 to $20.00 in a report on Friday, June 7th. Cantor Fitzgerald started coverage on shares of Lyft in a research report on Thursday, September 5th. They issued a “neutral” rating and a $13.00 price objective for the company. Finally, Melius assumed coverage on shares of Lyft in a research note on Monday, July 22nd. They issued a “hold” rating and a $15.00 target price for the company. Twenty-six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.65.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.