John Patrick Zimmer Sells 7,188 Shares of Lyft, Inc. (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) Director John Patrick Zimmer sold 7,188 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $11.40, for a total transaction of $81,943.20. Following the sale, the director now directly owns 932,062 shares of the company’s stock, valued at approximately $10,625,506.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

John Patrick Zimmer also recently made the following trade(s):

• On Wednesday, May 29th, John Patrick Zimmer sold 3,327 shares of Lyft stock. The stock was sold at an average price of $15.74, for a total transaction of $52,366.98.

Lyft Stock Down 1.9 %

NASDAQ LYFT traded down $0.22 during trading hours on Thursday, reaching $11.47. 9,446,491 shares of the company’s stock were exchanged, compared to its average volume of 15,803,048. The company’s 50-day moving average is $12.35 and its two-hundred day moving average is $15.24. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. Lyft, Inc. has a one year low of $8.85 and a one year high of $20.82. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of -24.40 and a beta of 2.06.

Lyft (NASDAQ:LYFT) last released its earnings results on Wednesday, August 7th. The ride-sharing company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. Lyft had a negative return on equity of 23.77% and a negative net margin of 3.94%. Lyft’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.14) earnings per share. On average, analysts forecast that Lyft, Inc. will post -0.18 EPS for the current fiscal year.

Institutional Trading of Lyft

A number of hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC lifted its position in Lyft by 277.8% during the first quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. a16z Perennial Management L.P. acquired a new stake in Lyft during the 4th quarter worth approximately $34,000. Kapitalo Investimentos Ltda bought a new stake in Lyft in the 4th quarter valued at $34,000. International Assets Investment Management LLC acquired a new position in Lyft in the 2nd quarter valued at $35,000. Finally, Brown Brothers Harriman & Co. bought a new position in Lyft during the 2nd quarter worth $35,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on LYFT. Sanford C. Bernstein upped their price target on Lyft from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Vertical Research upgraded Lyft to a “strong-buy” rating in a research note on Friday, June 7th. DA Davidson upped their target price on shares of Lyft from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Susquehanna decreased their price target on Lyft from $18.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Lyft from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lyft currently has a consensus rating of “Hold” and a consensus price target of $15.87.

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.