Lyft, Inc. (NASDAQ:LYFT) CAO Lisa Blackwood-Kapral Sells 9,081 Shares

Lyft, Inc. (NASDAQ:LYFT) CAO Lisa Blackwood-Kapral sold 9,081 shares of Lyft stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $18.02, for a total value of $163,639.62. Following the completion of the transaction, the chief accounting officer now owns 332,243 shares of the company’s stock, valued at approximately $5,987,018.86. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Lyft Stock Performance

Shares of LYFT stock opened at $17.92 on Friday. The business’s 50 day moving average is $13.36 and its two-hundred day moving average is $13.55. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. Lyft, Inc. has a 12-month low of $8.93 and a 12-month high of $20.82.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. Lyft’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) earnings per share. On average, equities analysts expect that Lyft, Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lyft

Hedge funds have recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in shares of Lyft during the third quarter valued at approximately $27,000. International Assets Investment Management LLC acquired a new position in shares of Lyft during the second quarter valued at approximately $35,000. Brown Brothers Harriman & Co. acquired a new position in shares of Lyft during the second quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new position in shares of Lyft during the third quarter valued at approximately $38,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Lyft during the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LYFT shares. Needham & Company LLC restated a “hold” rating on shares of Lyft in a report on Thursday, November 7th. Loop Capital lowered their target price on Lyft from $20.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Lyft from $15.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Nomura Securities upgraded Lyft from a “strong sell” rating to a “hold” rating in a report on Friday, August 23rd. Finally, Evercore ISI upped their target price on Lyft from $17.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Twenty-eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Lyft currently has an average rating of “Hold” and a consensus price target of $17.48.

About Lyft

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.