Insider Selling: Lyft, Inc. (NASDAQ:LYFT) Director Sells $188,352.75 in Stock

Lyft, Inc. (NASDAQ:LYFT) Director Logan Green sold 10,919 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $17.25, for a total value of $188,352.75. Following the transaction, the director now owns 314,492 shares in the company, valued at $5,424,987. This trade represents a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Lyft Trading Up 1.9 %

NASDAQ:LYFT opened at $17.24 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of -107.75, a price-to-earnings-growth ratio of 4.98 and a beta of 2.09. Lyft, Inc. has a one year low of $8.93 and a one year high of $20.82. The business has a fifty day moving average price of $14.93 and a 200-day moving average price of $13.59.

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

Institutional Investors Weigh In On Lyft

A number of institutional investors and hedge funds have recently bought and sold shares of LYFT. True Wealth Design LLC bought a new stake in Lyft during the third quarter valued at about $27,000. International Assets Investment Management LLC bought a new stake in shares of Lyft in the second quarter worth about $35,000. Brown Brothers Harriman & Co. bought a new stake in shares of Lyft in the second quarter worth about $35,000. Capital Performance Advisors LLP bought a new stake in shares of Lyft in the third quarter worth about $38,000. Finally, Quarry LP increased its holdings in shares of Lyft by 4,032.6% in the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock worth $50,000 after purchasing an additional 3,468 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on LYFT shares. JPMorgan Chase & Co. reduced their target price on Lyft from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Wedbush restated a “neutral” rating and issued a $20.00 price target (up previously from $12.00) on shares of Lyft in a research note on Thursday, November 7th. Susquehanna upped their price target on Lyft from $10.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. DA Davidson upped their price target on Lyft from $11.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada cut their price target on Lyft from $24.00 to $17.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Twenty-eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.55.

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.