Key Points
- Lyft Director Jill Beggs sold 1,466 shares on Nov. 28 at an average price of $20.25 for $29,686.50, reducing her ownership by 4.10% to 34,278 shares (about $694,130).
- Lyft reported Q3 EPS of $0.13 versus a $0.30 consensus on $1.69B revenue, trades around $22.24 with a market cap of $8.88B, and has a consensus analyst rating of Hold with a $22.76 price target.
Lyft, Inc. (NASDAQ:LYFT - Get Free Report) Director Jill Beggs sold 1,466 shares of Lyft stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $20.25, for a total transaction of $29,686.50. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Lyft Stock Performance
NASDAQ LYFT opened at $22.24 on Wednesday. The business has a 50 day moving average price of $21.08 and a 200 day moving average price of $17.81. The company has a market capitalization of $8.88 billion, a P/E ratio of 58.53, a PEG ratio of 2.13 and a beta of 1.99. Lyft, Inc. has a 1-year low of $9.66 and a 1-year high of $25.54. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.72 and a quick ratio of 0.72.
Lyft (NASDAQ:LYFT - Get Free Report) last posted its earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.17). Lyft had a return on equity of 18.29% and a net margin of 2.40%.The firm had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. Sell-side analysts expect that Lyft, Inc. will post 0.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on LYFT. Arete Research set a $20.00 price target on shares of Lyft in a report on Wednesday. Oppenheimer set a $26.00 target price on Lyft and gave the company an "outperform" rating in a research note on Thursday, November 6th. Roth Capital set a $25.00 target price on Lyft and gave the company a "buy" rating in a report on Wednesday, October 29th. Evercore ISI upped their price objective on Lyft from $15.00 to $30.00 and gave the company an "in-line" rating in a research report on Thursday, November 6th. Finally, Cowen reaffirmed a "buy" rating on shares of Lyft in a research note on Thursday, November 6th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lyft currently has an average rating of "Hold" and a consensus price target of $22.76.
View Our Latest Stock Analysis on LYFT
Hedge Funds Weigh In On Lyft
Institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its position in Lyft by 162.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,943 shares of the ride-sharing company's stock worth $31,000 after buying an additional 1,203 shares during the period. Atwood & Palmer Inc. acquired a new stake in shares of Lyft in the second quarter worth approximately $32,000. Bogart Wealth LLC grew its holdings in Lyft by 1,242.2% in the second quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company's stock valued at $34,000 after purchasing an additional 2,000 shares during the period. Quent Capital LLC acquired a new position in Lyft during the third quarter worth approximately $34,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Lyft during the third quarter worth approximately $50,000. 83.07% of the stock is currently owned by institutional investors and hedge funds.
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.
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