Key Points
- Lyft insider sale: Lindsay Catherine Llewellyn sold 11,491 shares on May 26 at an average price of $13.69, worth about $157,312. The transaction was made under a pre-arranged Rule 10b5-1 plan.
- Recent company results: Lyft reported quarterly EPS of $0.04, missing analyst expectations, though revenue came in at $1.65 billion and rose 17.2% year over year. The company also announced a $1 billion share buyback program earlier this year.
- Wall Street view remains cautious: Analysts currently have a consensus rating of Hold on Lyft, with an average price target of $18.83. Institutional investors own 83.07% of the stock, and several firms recently increased their positions.
Lyft, Inc. (NASDAQ:LYFT - Get Free Report) insider Lindsay Catherine Llewellyn sold 11,491 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $13.69, for a total value of $157,311.79. Following the sale, the insider owned 865,222 shares in the company, valued at approximately $11,844,889.18. The trade was a 1.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lindsay Catherine Llewellyn also recently made the following trade(s):
- On Friday, April 17th, Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock. The shares were sold at an average price of $15.00, for a total value of $354,915.00.
Lyft Stock Up 0.9%
Shares of Lyft stock opened at $13.82 on Friday. Lyft, Inc. has a one year low of $12.46 and a one year high of $25.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58. The stock's 50-day moving average is $13.73 and its 200 day moving average is $16.51. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 2.02, a PEG ratio of 0.85 and a beta of 1.84.
Lyft (NASDAQ:LYFT - Get Free Report) last announced its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.26). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company earned $0.01 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts anticipate that Lyft, Inc. will post 0.66 EPS for the current year.
Lyft announced that its Board of Directors has approved a share buyback plan on Tuesday, February 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the ride-sharing company to buy up to 15.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Centaurus Financial Inc. lifted its holdings in shares of Lyft by 16.4% in the first quarter. Centaurus Financial Inc. now owns 61,042 shares of the ride-sharing company's stock valued at $812,000 after purchasing an additional 8,600 shares in the last quarter. Bull Harbor Capital LLC bought a new position in shares of Lyft in the first quarter valued at approximately $160,000. Altshuler Shaham Ltd boosted its holdings in Lyft by 51.6% during the first quarter. Altshuler Shaham Ltd now owns 7,662,027 shares of the ride-sharing company's stock worth $101,905,000 after purchasing an additional 2,607,417 shares during the last quarter. California State Teachers Retirement System grew its position in Lyft by 22.8% in the 1st quarter. California State Teachers Retirement System now owns 449,299 shares of the ride-sharing company's stock worth $5,976,000 after purchasing an additional 83,412 shares in the last quarter. Finally, Readystate Asset Management LP grew its position in Lyft by 45.1% in the 1st quarter. Readystate Asset Management LP now owns 231,292 shares of the ride-sharing company's stock worth $3,076,000 after purchasing an additional 71,892 shares in the last quarter. Institutional investors own 83.07% of the company's stock.
Wall Street Analysts Forecast Growth
LYFT has been the subject of a number of research reports. Morgan Stanley set a $17.00 price objective on Lyft in a research note on Wednesday, February 11th. Royal Bank Of Canada reduced their price objective on Lyft from $22.00 to $18.00 and set an "outperform" rating for the company in a research note on Friday, May 8th. Oppenheimer set a $20.00 price objective on Lyft in a research note on Friday, May 8th. Guggenheim reduced their price objective on Lyft from $26.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. Finally, Canaccord Genuity Group reduced their price objective on Lyft from $16.00 to $15.00 and set a "hold" rating for the company in a research note on Friday, May 8th. Eight analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.83.
Get Our Latest Analysis on LYFT
Lyft Company Profile
(
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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.
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