Key Points
- Lyft CFO Erin Brewer sold 15,000 shares on June 12 at an average price of $13.59, totaling about $203,850. The sale reduced her direct stake by 2.08%, and it was made under a pre-arranged Rule 10b5-1 trading plan.
- Lyft recently reported Q1 earnings of $0.04 per share, missing analyst expectations of $0.30 per share, though revenue of $1.65 billion slightly beat forecasts. Revenue also rose 17.2% year over year.
- Analyst sentiment remains mixed: the stock currently carries an average Hold rating with a consensus target price of $18.83. Meanwhile, shares were trading up 0.3% at $14.28 and institutional ownership remains high at 83.07%.
Lyft, Inc. (NASDAQ:LYFT - Get Free Report) CFO Erin Brewer sold 15,000 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $13.59, for a total transaction of $203,850.00. Following the transaction, the chief financial officer directly owned 705,979 shares in the company, valued at $9,594,254.61. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lyft Trading Up 0.3%
NASDAQ LYFT opened at $14.28 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 2.08, a price-to-earnings-growth ratio of 0.85 and a beta of 1.82. The company's 50-day simple moving average is $13.93 and its two-hundred day simple moving average is $15.80. Lyft, Inc. has a one year low of $12.46 and a one year high of $25.54.
Lyft (NASDAQ:LYFT - Get Free Report) last posted its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.26). The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.63 billion. Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. Equities analysts forecast that Lyft, Inc. will post 0.69 EPS for the current fiscal year.
Key Headlines Impacting Lyft
Here are the key news stories impacting Lyft this week:
- Positive Sentiment: Lyft unveiled its “rider graph,” a data tool aimed at improving ad targeting efficiency, which could help expand monetization beyond ride-hailing and support future revenue growth. Lyft unveils rider graph: A game-changer for ad targeting efficiency
- Positive Sentiment: A market recap highlighted Lyft as one of the stronger performers among gig-economy stocks during the latest earnings season, reinforcing the view that investors still see value in the company’s recent operating trend. Q1 Earnings Recap: Lyft (NASDAQ:LYFT) Tops Gig Economy Stocks
- Positive Sentiment: Broader gig-economy optimism also kept Lyft in the “must-watch” category for investors looking for exposure to the sector’s growth. Must-Watch Stocks to Make the Most of the Gig Economy's Popularity
- Neutral Sentiment: Coverage comparing Uber and Lyft in the autonomous-vehicle era may be drawing attention to Lyft’s long-term strategy, but it does not appear to be a direct catalyst on its own. Uber Vs. Lyft: Who Stands Strongest Entering The Autonomous Era
- Negative Sentiment: Consumer Reports and other outlets said Uber and Lyft riders can see widely different fares for the same trip, reviving concerns about pricing transparency and potentially attracting more regulatory or consumer backlash. Uber, Lyft riders often see different fares for the same trip: Report
- Negative Sentiment: A separate investigation accused Lyft of using AI-driven pricing tactics and “fake discounts,” which could hurt brand perception and raise pricing scrutiny. Uber, Lyft sell virtually identical rides at vastly different prices, offer fake discounts using AI-driven pricing: bombshell investigation
- Negative Sentiment: Lyft CFO Erin Brewer sold 15,000 shares under a pre-arranged trading plan, which may be viewed cautiously by investors even though it was disclosed as part of a 10b5-1 plan. SEC filing
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of LYFT. Heartland Advisors Inc. boosted its stake in Lyft by 68.2% in the 3rd quarter. Heartland Advisors Inc. now owns 594,800 shares of the ride-sharing company's stock worth $13,092,000 after purchasing an additional 241,250 shares in the last quarter. Strs Ohio lifted its stake in shares of Lyft by 4,527.6% in the 4th quarter. Strs Ohio now owns 440,405 shares of the ride-sharing company's stock valued at $8,531,000 after purchasing an additional 430,888 shares during the period. Nierenberg Investment Management Company Inc. lifted its stake in shares of Lyft by 1,811.8% in the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 813,555 shares of the ride-sharing company's stock valued at $17,906,000 after purchasing an additional 771,000 shares during the period. American Century Companies Inc. lifted its stake in shares of Lyft by 56.8% in the 3rd quarter. American Century Companies Inc. now owns 1,571,726 shares of the ride-sharing company's stock valued at $34,594,000 after purchasing an additional 569,074 shares during the period. Finally, Neo Ivy Capital Management lifted its stake in shares of Lyft by 331.4% in the 3rd quarter. Neo Ivy Capital Management now owns 117,646 shares of the ride-sharing company's stock valued at $2,589,000 after purchasing an additional 90,376 shares during the period. Hedge funds and other institutional investors own 83.07% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Lyft in a research report on Wednesday, May 6th. Guggenheim reissued a "buy" rating on shares of Lyft in a research report on Wednesday, June 10th. JPMorgan Chase & Co. raised their target price on shares of Lyft from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Truist Financial raised their target price on shares of Lyft from $15.00 to $16.00 and gave the company a "hold" rating in a research report on Friday, May 8th. Finally, Citigroup reissued a "buy" rating on shares of Lyft in a research report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $18.83.
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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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