Lyft, Inc. (NASDAQ:LYFT) Insider Sells $75,337.92 in Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 4,242 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $17.76, for a total transaction of $75,337.92. Following the sale, the insider now directly owns 755,847 shares of the company’s stock, valued at $13,423,842.72. This trade represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lindsay Catherine Llewellyn also recently made the following trade(s):

• On Thursday, September 12th, Lindsay Catherine Llewellyn sold 4,243 shares of Lyft stock. The shares were sold at an average price of $12.00, for a total transaction of $50,916.00.
• On Tuesday, August 27th, Lindsay Catherine Llewellyn sold 8,486 shares of Lyft stock. The shares were sold at an average price of $11.76, for a total transaction of $99,795.36.

Lyft Stock Performance

NASDAQ:LYFT opened at $17.92 on Friday. 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, Inc. has a 52 week low of $8.93 and a 52 week high of $20.82. The firm has a 50 day moving average of $13.36 and a 200 day moving average of $13.55.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LYFT shares. Citigroup cut their target price on shares of Lyft from $18.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Bank of America lifted their target price on shares of Lyft from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays lifted their target price on shares of Lyft from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. DA Davidson lifted their target price on shares of Lyft from $11.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Nomura Securities upgraded shares of Lyft from a “strong sell” rating to a “hold” rating in a research note on Friday, August 23rd. Twenty-eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lyft presently has an average rating of “Hold” and an average price target of $17.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. increased its stake in Lyft by 4.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 23,460 shares of the ride-sharing company’s stock valued at $330,000 after purchasing an additional 993 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Lyft by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,894 shares of the ride-sharing company’s stock worth $196,000 after acquiring an additional 1,160 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Lyft by 1.6% in the third quarter. The Manufacturers Life Insurance Company now owns 82,690 shares of the ride-sharing company’s stock worth $1,054,000 after acquiring an additional 1,315 shares during the period. QRG Capital Management Inc. increased its stake in shares of Lyft by 6.1% in the second quarter. QRG Capital Management Inc. now owns 24,854 shares of the ride-sharing company’s stock worth $350,000 after acquiring an additional 1,437 shares during the period. Finally, CWM LLC increased its stake in shares of Lyft by 26.4% in the second quarter. CWM LLC now owns 6,968 shares of the ride-sharing company’s stock worth $98,000 after acquiring an additional 1,457 shares during the period. Institutional investors and hedge funds 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.