Carrera Capital Advisors Takes Position in Lyft, Inc. $LYFT

Carrera Capital Advisors bought a new stake in Lyft, Inc. (NASDAQ:LYFT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 100,952 shares of the ride-sharing company’s stock, valued at approximately $2,222,000.

Several other large investors also recently bought and sold shares of the stock. Joule Financial LLC purchased a new position in Lyft in the second quarter valued at $760,000. KLP Kapitalforvaltning AS lifted its holdings in Lyft by 42.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 110,400 shares of the ride-sharing company’s stock worth $1,740,000 after buying an additional 33,000 shares during the last quarter. Nierenberg Investment Management Company Inc. acquired a new position in shares of Lyft during the 2nd quarter worth about $671,000. Savant Capital LLC increased its holdings in shares of Lyft by 78.1% in the 2nd quarter. Savant Capital LLC now owns 427,813 shares of the ride-sharing company’s stock valued at $6,742,000 after acquiring an additional 187,625 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Lyft by 52.1% in the 3rd quarter. CWM LLC now owns 819,677 shares of the ride-sharing company’s stock valued at $18,041,000 after acquiring an additional 280,886 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Analyst Upgrades and Downgrades

LYFT has been the subject of a number of research analyst reports. Zephirin Group upped their price target on Lyft from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, November 6th. Truist Financial boosted their price objective on shares of Lyft from $16.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Wedbush cut shares of Lyft from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $20.00 to $16.00 in a report on Friday, December 19th. Jefferies Financial Group dropped their target price on shares of Lyft from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Finally, Barclays lifted their price target on shares of Lyft from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.76.

Insider Buying and Selling

In other news, CEO John David Risher acquired 5,030 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were bought at an average cost of $19.80 per share, with a total value of $99,594.00. Following the purchase, the chief executive officer owned 11,802,296 shares of the company’s stock, valued at $233,685,460.80. This represents a 0.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jill Beggs sold 1,466 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $20.25, for a total transaction of $29,686.50. Following the transaction, the director owned 34,278 shares of the company’s stock, valued at approximately $694,129.50. The trade was a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 187,443 shares of company stock worth $4,178,618. 3.07% of the stock is currently owned by insiders.

Lyft Trading Down 5.0%

NASDAQ LYFT opened at $16.87 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $6.74 billion, a PE ratio of 44.40, a P/E/G ratio of 1.11 and a beta of 1.94. Lyft, Inc. has a one year low of $9.66 and a one year high of $25.54. The firm’s fifty day moving average is $19.62 and its two-hundred day moving average is $18.96.

Lyft (NASDAQ:LYFT) last announced its earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.17). The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.71 billion. Lyft had a return on equity of 18.29% and a net margin of 2.40%.Lyft’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. Analysts expect that Lyft, Inc. will post 0.22 earnings per share for the current year.

Lyft 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.