Key Points
- Lyft CEO John David Risher purchased 5,030 shares on December 10 at $19.80 each for $99,594, raising his ownership to 11,802,296 shares (a 0.04% increase) valued at roughly $233.7 million.
- Lyft last reported Q3 results with a $0.13 EPS miss (vs. $0.30 consensus) and $1.69B revenue (slightly below estimates); the stock opened at $20.62, has a market cap of $8.23B and a 1‑year range of $9.66–$25.54.
- Analysts are mixed with an average rating of "Hold" and a consensus price target of $22.92 (11 Buys, 24 Holds, 1 Sell), while institutional investors own about 83.07% of the shares.
Lyft, Inc. (NASDAQ:LYFT - Get Free Report) CEO John David Risher purchased 5,030 shares of the stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of $19.80 per share, for a total transaction of $99,594.00. Following the acquisition, the chief executive officer owned 11,802,296 shares of the company's stock, valued at approximately $233,685,460.80. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Lyft Price Performance
Shares of Lyft stock opened at $20.62 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.76. The firm has a fifty day simple moving average of $21.04 and a 200-day simple moving average of $18.06. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 54.16, a PEG ratio of 2.02 and a beta of 1.99. Lyft, Inc. has a 1-year low of $9.66 and a 1-year high of $25.54.
Lyft (NASDAQ:LYFT - Get Free Report) last announced its 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 firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lyft had a return on equity of 18.29% and a net margin of 2.40%.The business's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. On average, sell-side analysts expect that Lyft, Inc. will post 0.22 earnings per share for the current year.
Institutional Trading of Lyft
Institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank lifted its position in Lyft by 2.5% in the third quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company's stock worth $477,000 after purchasing an additional 534 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Lyft by 23.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company's stock worth $75,000 after acquiring an additional 639 shares during the period. CI Investments Inc. lifted its holdings in shares of Lyft by 39.1% during the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company's stock worth $51,000 after acquiring an additional 653 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Lyft by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company's stock valued at $3,684,000 after acquiring an additional 771 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Lyft by 2.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 35,372 shares of the ride-sharing company's stock valued at $779,000 after acquiring an additional 836 shares during the period. 83.07% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on LYFT shares. Guggenheim lifted their price objective on Lyft from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, November 18th. Mizuho lifted their price target on Lyft from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 12th. Benchmark reiterated a "buy" rating on shares of Lyft in a report on Tuesday, October 28th. Cantor Fitzgerald raised their price objective on shares of Lyft from $19.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, November 6th. Finally, Truist Financial boosted their target price on shares of Lyft from $16.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday, November 7th. Eleven research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.92.
Read Our Latest Stock Report on LYFT
About Lyft
(
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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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