Lyft (NASDAQ:LYFT) Insider Sells $219,714.56 in Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Llewellyn sold 13,204 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $16.64, for a total transaction of $219,714.56. Following the sale, the insider owned 781,152 shares of the company’s stock, valued at approximately $12,998,369.28. This represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Lindsay Llewellyn sold 36,214 shares of Lyft stock. The shares were sold at an average price of $16.14, for a total transaction of $584,493.96.

Lyft Trading Down 3.2%

Shares of Lyft stock opened at $16.72 on Friday. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 2.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.83. Lyft, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54. The company’s 50-day simple moving average is $16.23 and its 200-day simple moving average is $14.62. 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 (NASDAQ:LYFT) last posted its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, equities research analysts anticipate that Lyft, Inc. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on LYFT shares. JPMorgan Chase & Co. increased their price objective on Lyft from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Guggenheim reissued a “buy” rating on shares of Lyft in a research note on Wednesday, June 10th. BTIG Research upgraded shares of Lyft from a “neutral” rating to a “buy” rating in a report on Wednesday, June 17th. Bank of America upgraded shares of Lyft from an “underperform” rating to a “buy” rating in a report on Friday, August 7th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $18.00 price target on shares of Lyft in a research note on Monday, August 10th. Thirteen research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.77.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new position in Lyft during the fourth quarter valued at approximately $26,000. Plato Investment Management Ltd acquired a new stake in shares of Lyft in the second quarter worth $27,000. Boreal Capital Management LLC purchased a new position in shares of Lyft in the 1st quarter valued at $31,000. Bessemer Group Inc. raised its stake in shares of Lyft by 1,851.9% in the 1st quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock valued at $35,000 after acquiring an additional 2,500 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Lyft in the 4th quarter valued at $40,000. 83.07% of the stock is owned by hedge funds and other institutional investors.

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.