Lyft (NASDAQ:LYFT) Insider Lindsay Catherine Llewellyn Sells 11,491 Shares

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $13.69, for a total transaction of $157,311.79. Following the completion of the sale, the insider owned 865,222 shares in the company, valued at approximately $11,844,889.18. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lindsay Catherine Llewellyn also recently made the following trade(s):

• On Friday, April 17th, Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock. The shares were sold at an average price of $15.00, for a total value of $354,915.00.

Lyft Price Performance

Shares of NASDAQ LYFT traded up $0.12 during midday trading on Thursday, reaching $13.82. 10,387,338 shares of the stock traded hands, compared to its average volume of 15,607,682. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $5.25 billion, a PE ratio of 2.02, a P/E/G ratio of 0.85 and a beta of 1.84. Lyft, Inc. has a one year low of $12.46 and a one year high of $25.54. The company’s 50 day moving average is $13.73 and its 200 day moving average is $16.51.

Lyft (NASDAQ:LYFT) last posted its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. On average, equities research analysts anticipate that Lyft, Inc. will post 0.66 earnings per share for the current year.

Lyft declared that its board has approved a share repurchase plan on Tuesday, February 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the ride-sharing company to purchase up to 15.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Lyft

Institutional investors and hedge funds have recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Lyft during the fourth quarter worth $26,000. Boreal Capital Management LLC bought a new stake in shares of Lyft during the first quarter worth $31,000. Bessemer Group Inc. lifted its position in shares of Lyft by 1,851.9% during the first quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock worth $35,000 after purchasing an additional 2,500 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Lyft during the fourth quarter worth $40,000. Finally, Huntington National Bank lifted its position in shares of Lyft by 171.8% during the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 1,374 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LYFT has been the subject of a number of research reports. Evercore set a $21.00 target price on Lyft in a research report on Wednesday, February 11th. Wedbush lowered their price target on Lyft from $16.00 to $13.00 and set an “underperform” rating for the company in a research report on Wednesday, February 11th. JPMorgan Chase & Co. raised their price target on Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Lyft in a research note on Wednesday, February 11th. Finally, Canaccord Genuity Group dropped their price target on shares of Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.83.

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.