Lyft (NASDAQ:LYFT) Director Sells 5,480 Shares of Stock

Lyft, Inc. (NASDAQ:LYFT) Director Janey Whiteside sold 5,480 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $17.68, for a total value of $96,886.40. Following the sale, the director directly owned 60,704 shares in the company, valued at approximately $1,073,246.72. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Janey Whiteside also recently made the following trade(s):

• On Friday, August 7th, Janey Whiteside sold 14,220 shares of Lyft stock. The stock was sold at an average price of $17.00, for a total transaction of $241,740.00.

Lyft Stock Performance

LYFT stock traded down $0.04 during trading on Thursday, hitting $17.35. 6,763,708 shares of the company’s stock traded hands, compared to its average volume of 11,348,915. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54. The stock has a fifty day moving average price of $15.87 and a two-hundred day moving average price of $14.52. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 2.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.80.

Lyft (NASDAQ:LYFT) last issued its earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lyft had a negative return on equity of 1.20% and a net margin of 42.32%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities analysts anticipate that Lyft, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio boosted its holdings in Lyft by 4,527.6% during the fourth quarter. Strs Ohio now owns 440,405 shares of the ride-sharing company’s stock worth $8,531,000 after buying an additional 430,888 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lyft by 58.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company’s stock worth $89,360,000 after buying an additional 2,467,010 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Lyft by 36.6% in the first quarter. Bank of New York Mellon Corp now owns 2,289,671 shares of the ride-sharing company’s stock valued at $30,453,000 after buying an additional 613,494 shares in the last quarter. West Tower Group LLC increased its holdings in shares of Lyft by 207.6% in the first quarter. West Tower Group LLC now owns 138,432 shares of the ride-sharing company’s stock valued at $1,841,000 after buying an additional 93,432 shares in the last quarter. Finally, OP Asset Management Ltd acquired a new stake in shares of Lyft during the 1st quarter valued at $992,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LYFT. Sanford C. Bernstein started coverage on shares of Lyft in a report on Wednesday, June 17th. They issued an “underperform” rating on the stock. UBS Group upped their target price on Lyft from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Guggenheim reiterated a “buy” rating on shares of Lyft in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $17.00 price target on shares of Lyft in a report on Monday, August 10th. Finally, Citigroup initiated coverage on Lyft in a research report on Wednesday, June 17th. They set a “buy” rating for the company. Thirteen investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.80.

Lyft Company Profile

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.