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 company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.76, for a total value of $75,337.92. Following the sale, the insider now owns 755,847 shares in the company, valued at approximately $13,423,842.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $50,916.00.
• On Tuesday, August 27th, Lindsay Catherine Llewellyn sold 8,486 shares of Lyft stock. The stock was sold at an average price of $11.76, for a total value of $99,795.36.

Lyft Stock Down 1.3 %

Shares of NASDAQ:LYFT traded down $0.25 on Tuesday, reaching $18.34. The company had a trading volume of 13,505,884 shares, compared to its average volume of 15,146,545. Lyft, Inc. has a twelve month low of $8.93 and a twelve month high of $20.82. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $7.52 billion, a P/E ratio of -116.19 and a beta of 2.04. The stock has a 50-day moving average price of $13.10 and a 200 day moving average price of $13.51.

Lyft (NASDAQ:LYFT) last released its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.67%. Lyft’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) EPS. On average, equities analysts expect that Lyft, Inc. will post -0.06 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on LYFT. UBS Group increased their price target on shares of Lyft from $13.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Canaccord Genuity Group upped their price objective on shares of Lyft from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley upped their price objective on shares of Lyft from $16.50 to $18.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of Lyft in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Lyft from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Twenty-eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LYFT. Pacer Advisors Inc. purchased a new position in Lyft during the 3rd quarter worth $90,604,000. Price T Rowe Associates Inc. MD raised its holdings in Lyft by 592.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,424,349 shares of the ride-sharing company’s stock worth $27,562,000 after purchasing an additional 1,218,620 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Lyft by 27,739.2% during the second quarter. National Bank of Canada FI now owns 1,192,910 shares of the ride-sharing company’s stock valued at $16,665,000 after acquiring an additional 1,188,625 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Lyft by 39.5% during the second quarter. Bank of New York Mellon Corp now owns 2,870,599 shares of the ride-sharing company’s stock valued at $40,475,000 after buying an additional 812,926 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Lyft by 2.4% in the first quarter. Vanguard Group Inc. now owns 32,899,391 shares of the ride-sharing company’s stock worth $636,603,000 after purchasing an additional 782,736 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

About Lyft

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.