Lyft, Inc. $LYFT Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC reduced its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 70.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,620 shares of the ride-sharing company’s stock after selling 45,273 shares during the period. Krilogy Financial LLC’s holdings in Lyft were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LYFT. Brown Brothers Harriman & Co. increased its stake in shares of Lyft by 23.2% in the third quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after buying an additional 639 shares during the last quarter. CI Investments Inc. boosted its stake in Lyft by 39.1% during the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock valued at $51,000 after acquiring an additional 653 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Lyft by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock valued at $248,000 after acquiring an additional 681 shares during the last quarter. Allegiance Financial Group Advisory Services LLC grew its holdings in Lyft by 4.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock worth $352,000 after acquiring an additional 756 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Lyft by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock worth $3,684,000 after acquiring an additional 771 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Wall Street Analyst Weigh In

LYFT has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their target price on shares of Lyft from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Tigress Financial reiterated a “buy” rating and issued a $28.00 price target on shares of Lyft in a research note on Wednesday, June 24th. Sanford C. Bernstein began coverage on Lyft in a report on Wednesday, June 17th. They issued an “underperform” rating for the company. Royal Bank Of Canada cut their price objective on Lyft from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their target price on Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Lyft currently has an average rating of “Hold” and an average target price of $19.40.

Key Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft benefited from a broader rally in digital-platform stocks after strong Prime Day sales data and lower Treasury yields improved investor sentiment. Why Is Lyft (LYFT) Stock Rocketing Higher Today
• Positive Sentiment: Lyft introduced new multi-sensor safety standards for autonomous vehicles, which could strengthen its positioning with regulators and AV partners over the long term. Lyft (LYFT) Sets New Multi Sensor Safety Rules For Autonomous Vehicles
• Positive Sentiment: A Boston pilot program allowing taxi drivers to accept Lyft ride requests could modestly expand supply and improve service availability in that market. Boston taxi drivers can now accept Uber, Lyft ride requests under terms of new pilot program, city says
• Neutral Sentiment: Unusual options activity showed elevated put buying in Lyft, suggesting some traders are hedging or betting on downside.
• Neutral Sentiment: Reports about Lyft being under congressional pressure over alleged AI price gouging could create headline risk, but the direct financial impact is still unclear. Rideshare giants Lyft and Uber facing congressional pressure over alleged AI price gouging
• Negative Sentiment: Recent market coverage noted Lyft underperformed the broader market in the last session, reflecting continued investor caution around the shares. Lyft (LYFT) Suffers a Larger Drop Than the General Market: Key Insights

Lyft Stock Performance

Lyft stock opened at $14.27 on Monday. The firm’s 50-day moving average is $14.02 and its 200-day moving average is $15.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. Lyft, Inc. has a 1 year low of $12.46 and a 1 year high of $25.54. The company has a market cap of $5.42 billion, a P/E ratio of 2.08, a PEG ratio of 0.85 and a beta of 1.82.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the company earned $0.01 EPS. Lyft’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts expect that Lyft, Inc. will post 0.69 earnings per share for the current year.

Insider Buying and Selling at Lyft

In other Lyft news, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total value of $28,799.68. Following the completion of the transaction, the director directly owned 30,092 shares in the company, valued at $414,065.92. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Erin Brewer sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $13.59, for a total value of $203,850.00. Following the transaction, the chief financial officer directly owned 705,979 shares of the company’s stock, valued at $9,594,254.61. This trade represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 69,196 shares of company stock worth $992,371. Insiders own 0.92% of the company’s stock.

About Lyft

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.