Key Points
- Lyft insider Lindsay Catherine Llewellyn sold 36,214 shares at an average price of $16.14, worth approximately $584,494. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced her holdings by 4.24% to 817,517 shares.
- Lyft shares opened at $16.48, above their 50-day and 200-day moving averages, with a 12-month range of $12.46 to $25.54. The company reported quarterly revenue of $1.65 billion, up 17.2% year over year, but missed earnings expectations with EPS of $0.04 versus the $0.30 consensus.
- Analysts maintain a consensus “Hold” rating and a $19.43 price target, with 12 Buy, 21 Hold, and 4 Sell ratings. Recent price targets range from $15.50 to $22.00.
Lyft, Inc. (NASDAQ:LYFT - Get Free Report) insider Lindsay Catherine Llewellyn sold 36,214 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $16.14, for a total value of $584,493.96. Following the transaction, the insider owned 817,517 shares in the company, valued at $13,194,724.38. This represents a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lindsay Catherine Llewellyn also recently made the following trade(s):
- On Monday, June 1st, Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock. The shares were sold at an average price of $15.00, for a total value of $172,365.00.
- On Tuesday, May 26th, Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock. The shares were sold at an average price of $13.69, for a total value of $157,311.79.
Lyft Stock Performance
Shares of Lyft stock opened at $16.48 on Thursday. The firm's fifty day simple moving average is $14.83 and its 200-day simple moving average is $14.54. Lyft, Inc. has a 12 month low of $12.46 and a 12 month high of $25.54. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 2.41, a PEG ratio of 0.99 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58.
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 (EPS) for the quarter, missing the consensus estimate 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 negative return on equity of 2.09% and a net margin of 43.82%.The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. As a group, equities analysts forecast that Lyft, Inc. will post 0.69 earnings per share for the current year.
Analyst Upgrades and Downgrades
LYFT has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on Lyft from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Sanford C. Bernstein started coverage on Lyft in a report on Wednesday, June 17th. They issued an "underperform" rating on the stock. Jefferies Financial Group increased their price target on Lyft from $15.00 to $15.50 and gave the stock a "hold" rating in a report on Tuesday, July 14th. Rothschild & Co Redburn raised shares of Lyft from a "neutral" rating to a "buy" rating and set a $22.00 price objective on the stock in a research note on Wednesday, June 17th. Finally, Morgan Stanley upped their price objective on shares of Lyft from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Twelve analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.43.
Read Our Latest Research Report on LYFT
Institutional Trading of Lyft
A number of institutional investors have recently added to or reduced their stakes in LYFT. Brown Brothers Harriman & Co. boosted its stake 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Lyft by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company's stock worth $248,000 after acquiring an additional 681 shares during the period. Allegiance Financial Group Advisory Services LLC increased its stake in Lyft by 4.3% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company's stock valued at $352,000 after purchasing an additional 756 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Lyft by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company's stock worth $3,684,000 after purchasing an additional 771 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in Lyft by 1.0% during the fourth quarter. AlphaQuest LLC now owns 89,753 shares of the ride-sharing company's stock worth $1,739,000 after purchasing an additional 854 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company's stock.
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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