Lyft, Inc. (NASDAQ:LYFT - Get Free Report) President Kristin Sverchek sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $17.50, for a total value of $61,250.00. Following the transaction, the president now owns 60,778 shares of the company's stock, valued at approximately $1,063,615. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Kristin Sverchek also recently made the following trade(s):
- On Wednesday, May 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $15.54, for a total value of $101,010.00.
- On Thursday, March 21st, Kristin Sverchek sold 16,000 shares of Lyft stock. The shares were sold at an average price of $20.00, for a total value of $320,000.00.
- On Monday, March 4th, Kristin Sverchek sold 3,500 shares of Lyft stock. The stock was sold at an average price of $17.51, for a total transaction of $61,285.00.
- On Friday, March 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The stock was sold at an average price of $16.30, for a total transaction of $105,950.00.
- On Wednesday, February 14th, Kristin Sverchek sold 5,670 shares of Lyft stock. The shares were sold at an average price of $15.02, for a total transaction of $85,163.40.
Lyft Price Performance
The Best AI Stock to Own in the World Today is Trading for Just $25
From Banyan Hill Publishing | Ad
“Titan of Tech” Bets Big on Tiny AI Company
He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal…
But our research shows his latest investment could be his most successful venture yet.
See how you can invest alongside him
Shares of LYFT opened at $17.20 on Friday. The stock has a 50 day simple moving average of $17.70 and a 200 day simple moving average of $14.38. Lyft, Inc. has a 52-week low of $7.85 and a 52-week high of $20.82. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55.
Lyft (NASDAQ:LYFT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The ride-sharing company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.14. Lyft had a negative return on equity of 54.80% and a negative net margin of 7.73%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. On average, sell-side analysts forecast that Lyft, Inc. will post -0.35 EPS for the current fiscal year.
Institutional Investors Weigh In On Lyft
A number of institutional investors and hedge funds have recently modified their holdings of LYFT. FinTrust Capital Advisors LLC grew its holdings in Lyft by 277.8% during the first quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 1,000 shares during the period. Allworth Financial LP boosted its stake in shares of Lyft by 685.2% during the 4th quarter. Allworth Financial LP now owns 1,916 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 1,672 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Lyft during the 1st quarter worth approximately $41,000. GAMMA Investing LLC raised its stake in Lyft by 42.9% in the 1st quarter. GAMMA Investing LLC now owns 2,213 shares of the ride-sharing company's stock valued at $43,000 after acquiring an additional 664 shares during the period. Finally, a16z Perennial Management L.P. acquired a new stake in Lyft during the 4th quarter valued at $34,000. 83.07% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. UBS Group lifted their price objective on Lyft from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Wednesday, February 14th. BMO Capital Markets assumed coverage on shares of Lyft in a report on Tuesday, January 9th. They set a "market perform" rating and a $15.00 price objective on the stock. Truist Financial upped their target price on shares of Lyft from $13.00 to $15.00 and gave the stock a "hold" rating in a research report on Wednesday, February 14th. Barclays boosted their price objective on shares of Lyft from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 15th. Finally, Wedbush reiterated a "neutral" rating and issued a $15.00 price objective (up from $14.00) on shares of Lyft in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Lyft presently has a consensus rating of "Hold" and a consensus target price of $14.60.
Check Out Our Latest Report on LYFT
Lyft Company Profile
(
Get Free Report)
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
