Key Points
- Lyft insider Lindsay Catherine Llewellyn sold 11,491 shares on June 1 at an average price of $15.00, totaling $172,365. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and her remaining stake is still worth about $12.8 million.
- Lyft reported mixed quarterly results, with revenue of $1.65 billion beating estimates but earnings of $0.04 per share missing the $0.30 consensus. Revenue rose 17.2% year over year, and analysts now expect full-year EPS of 0.66.
- Market sentiment remains cautious: Lyft has a consensus analyst rating of “Hold” with a $18.83 price target, while institutional investors own 83.07% of the stock. The company also has a $1 billion share buyback authorization in place.
Lyft, Inc. (NASDAQ:LYFT - Get Free Report) insider Lindsay Catherine Llewellyn sold 11,491 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $15.00, for a total value of $172,365.00. Following the sale, the insider owned 853,731 shares of the company's stock, valued at approximately $12,805,965. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Tuesday, May 26th, Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock. The stock was sold at an average price of $13.69, for a total value of $157,311.79.
- 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 Trading Down 0.1%
Lyft stock opened at $14.09 on Thursday. Lyft, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54. The company has a market cap of $5.35 billion, a P/E ratio of 2.06, a P/E/G ratio of 0.88 and a beta of 1.82. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $13.80 and a two-hundred day simple moving average of $16.23.
Lyft (NASDAQ:LYFT - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.26). The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.Lyft's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. Analysts predict 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 allows the company to buyback $1.00 billion in shares. This buyback authorization allows the ride-sharing company to purchase up to 15.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of LYFT. AQR Capital Management LLC lifted its stake in shares of Lyft by 7.4% during the 3rd quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company's stock worth $567,492,000 after acquiring an additional 1,773,438 shares during the last quarter. Renaissance Technologies LLC grew its position in Lyft by 15.4% in the 4th quarter. Renaissance Technologies LLC now owns 9,873,232 shares of the ride-sharing company's stock valued at $191,245,000 after acquiring an additional 1,320,938 shares during the last quarter. Altshuler Shaham Ltd grew its position in Lyft by 51.6% in the 1st quarter. Altshuler Shaham Ltd now owns 7,662,027 shares of the ride-sharing company's stock valued at $101,905,000 after acquiring an additional 2,607,417 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Lyft by 58.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company's stock worth $89,360,000 after purchasing an additional 2,467,010 shares during the period. Finally, Norges Bank bought a new stake in shares of Lyft during the fourth quarter worth $109,987,000. Institutional investors own 83.07% of the company's stock.
Analyst Ratings Changes
LYFT has been the subject of a number of recent research reports. Piper Sandler reissued an "overweight" rating on shares of Lyft in a research report on Wednesday, February 11th. Wedbush lowered their target price on Lyft from $16.00 to $13.00 and set an "underperform" rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC reissued a "hold" rating on shares of Lyft in a report on Wednesday, February 11th. KeyCorp restated a "sector weight" rating on shares of Lyft in a research report on Wednesday, February 11th. Finally, Zacks Research raised Lyft from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.83.
Get Our Latest Analysis on LYFT
About Lyft
(
Get Free Report)
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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