Key Points
- Lyft Director Janey Whiteside sold 5,480 shares for approximately $96,886 at an average price of $17.68, reducing her position by 8.28% to 60,704 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Lyft’s latest quarterly results showed 16.1% year-over-year revenue growth to $1.84 billion, although earnings per share of $0.13 narrowly missed analysts’ $0.14 estimate.
- Analyst sentiment is mixed but improving: Lyft has an overall “Hold” rating and an average price target of $19.80, while several firms recently upgraded the stock or raised their targets.
Lyft, Inc. (NASDAQ:LYFT - Get Free Report) Director Janey Whiteside sold 5,480 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $17.68, for a total transaction of $96,886.40. Following the transaction, the director owned 60,704 shares in the company, valued at approximately $1,073,246.72. The trade was a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Janey Whiteside also recently made the following trade(s):
- On Friday, August 7th, Janey Whiteside sold 14,220 shares of Lyft stock. The shares were sold at an average price of $17.00, for a total transaction of $241,740.00.
Lyft Trading Down 0.2%
NASDAQ:LYFT opened at $17.35 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.59 and a quick ratio of 0.59. Lyft, Inc. has a one year low of $12.46 and a one year high of $25.54. The company has a market cap of $6.57 billion, a PE ratio of 2.52, a PEG ratio of 1.07 and a beta of 1.80. The firm has a 50-day moving average of $15.87 and a 200-day moving average of $14.52.
Lyft (NASDAQ:LYFT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. Lyft's revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. As a group, equities research analysts expect that Lyft, Inc. will post 0.73 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
LYFT has been the topic of a number of analyst reports. Bank of America raised shares of Lyft from an "underperform" rating to a "buy" rating in a report on Friday, August 7th. Oppenheimer assumed coverage on Lyft in a research report on Wednesday, June 17th. They issued an "outperform" rating on the stock. Morgan Stanley upped their price objective on Lyft from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Piper Sandler reaffirmed an "overweight" rating and set a $21.00 target price (up from $20.00) on shares of Lyft in a research report on Friday, August 7th. Finally, Rothschild & Co Redburn raised shares of Lyft from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a report on Wednesday, June 17th. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Lyft currently has an average rating of "Hold" and an average price target of $19.80.
View Our Latest Analysis on LYFT
Institutional Investors Weigh In On Lyft
Hedge funds have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. purchased a new position in Lyft in the fourth quarter valued at approximately $26,000. Plato Investment Management Ltd purchased a new stake in Lyft in the second quarter worth $27,000. Boreal Capital Management LLC bought a new stake in shares of Lyft in the first quarter valued at $31,000. Bessemer Group Inc. raised its stake in shares of Lyft by 1,851.9% in the first quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company's stock valued at $35,000 after buying an additional 2,500 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Lyft during the 4th quarter valued at $40,000. 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
