Key Points
- Lyft CAO Stephen Hope sold 4,800 shares on December 4 at an average price of $22.30 for a total of $107,040, leaving him with 311,909 shares (a 1.52% reduction); the trade was disclosed in an SEC filing.
- Recent results missed expectations: Lyft reported $0.13 EPS (vs. $0.30 consensus) and $1.69B revenue (vs. $1.71B), with revenue up 11.6% year‑over‑year, and the stock carries an average analyst rating of "Hold" with a consensus target of $22.73.
Lyft, Inc. (NASDAQ:LYFT - Get Free Report) CAO Stephen Hope sold 4,800 shares of Lyft stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $22.30, for a total transaction of $107,040.00. Following the sale, the chief accounting officer owned 311,909 shares in the company, valued at approximately $6,955,570.70. The trade was a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Lyft Price Performance
Shares of NASDAQ:LYFT opened at $22.49 on Tuesday. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 59.19, a P/E/G ratio of 2.28 and a beta of 1.99. The firm has a fifty day moving average price of $21.12 and a 200 day moving average price of $17.99. Lyft, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $25.54. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.72 and a current ratio of 0.72.
Lyft (NASDAQ:LYFT - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.17). The company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.71 billion. Lyft had a return on equity of 18.29% and a net margin of 2.40%.The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, sell-side analysts expect that Lyft, Inc. will post 0.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Lyft
A number of large investors have recently made changes to their positions in LYFT. MassMutual Private Wealth & Trust FSB lifted its stake in Lyft by 162.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,943 shares of the ride-sharing company's stock worth $31,000 after purchasing an additional 1,203 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Lyft in the second quarter worth approximately $32,000. Bogart Wealth LLC lifted its stake in shares of Lyft by 1,242.2% during the 2nd quarter. Bogart Wealth LLC now owns 2,161 shares of the ride-sharing company's stock worth $34,000 after acquiring an additional 2,000 shares during the last quarter. Quent Capital LLC purchased a new position in Lyft during the 3rd quarter valued at $34,000. Finally, Abich Financial Wealth Management LLC bought a new position in Lyft in the 3rd quarter valued at $50,000. 83.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. The Goldman Sachs Group increased their price target on Lyft from $21.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, November 7th. Cowen reaffirmed a "buy" rating on shares of Lyft in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lyft from $21.00 to $25.00 and gave the company a "hold" rating in a report on Friday, November 7th. Jefferies Financial Group upped their price target on shares of Lyft from $15.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, September 18th. Finally, TD Cowen increased their price objective on shares of Lyft from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Eleven investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $22.73.
View Our Latest Stock 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.
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