Lyft, Inc. (NASDAQ:LYFT) CAO Sells $163,639.62 in Stock

Lyft, Inc. (NASDAQ:LYFT) CAO Lisa Blackwood-Kapral sold 9,081 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $18.02, for a total value of $163,639.62. Following the transaction, the chief accounting officer now owns 332,243 shares of the company’s stock, valued at $5,987,018.86. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lyft Stock Performance

Shares of LYFT opened at $17.92 on Friday. The business’s 50 day moving average is $13.36 and its 200 day moving average is $13.55. Lyft, Inc. has a 12-month low of $8.93 and a 12-month high of $20.82. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.75 and a quick ratio of 0.75.

Lyft (NASDAQ:LYFT) last released its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted ($0.02) EPS. The company’s revenue was up 31.6% compared to the same quarter last year. Equities research analysts expect that Lyft, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LYFT shares. Melius Research started coverage on Lyft in a report on Monday, July 22nd. They set a “hold” rating and a $15.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Lyft in a research report on Thursday, November 7th. Cantor Fitzgerald increased their price objective on Lyft from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Susquehanna increased their price objective on Lyft from $10.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Benchmark reaffirmed a “hold” rating on shares of Lyft in a research report on Thursday, November 7th. Twenty-eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lyft presently has an average rating of “Hold” and a consensus target price of $17.48.

Institutional Trading of Lyft

A number of large investors have recently added to or reduced their stakes in LYFT. True Wealth Design LLC bought a new stake in Lyft in the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of Lyft in the 2nd quarter worth approximately $35,000. Brown Brothers Harriman & Co. purchased a new position in shares of Lyft in the 2nd quarter worth approximately $35,000. Capital Performance Advisors LLP purchased a new position in shares of Lyft in the 3rd quarter worth approximately $38,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Lyft in the 1st quarter worth approximately $41,000. Institutional investors own 83.07% of the company’s stock.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.