Lyft, Inc. (NASDAQ:LYFT) Insider Lindsay Catherine Llewellyn Sells 4,242 Shares

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 4,242 shares of the business’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 completion of the transaction, the insider now owns 755,847 shares in the company, valued at $13,423,842.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Price Performance

LYFT opened at $17.78 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $13.23 and its 200-day simple moving average is $13.52. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of -111.13, a PEG ratio of 6.61 and a beta of 2.04. Lyft, Inc. has a 12-month low of $8.93 and a 12-month high of $20.82.

Lyft (NASDAQ:LYFT) last posted its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 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 the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted ($0.02) EPS. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. On average, equities research analysts anticipate that Lyft, Inc. will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LYFT has been the subject of a number of research reports. Canaccord Genuity Group upped their target price 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. Melius Research initiated coverage on shares of Lyft in a report on Monday, July 22nd. They set a “hold” rating and a $15.00 price objective for the company. Morgan Stanley lifted their target price on Lyft from $16.50 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Bank of America increased their price target on Lyft from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Nomura Securities raised Lyft from a “strong sell” rating to a “hold” rating in a research note on Friday, August 23rd. Twenty-eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.48.

Hedge Funds Weigh In On Lyft

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Lyft in the 1st quarter valued at about $41,000. Janney Montgomery Scott LLC raised its position in shares of Lyft by 48.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 78,609 shares of the ride-sharing company’s stock valued at $1,521,000 after purchasing an additional 25,500 shares during the last quarter. Empowered Funds LLC boosted its stake in Lyft by 24.4% in the 1st quarter. Empowered Funds LLC now owns 16,557 shares of the ride-sharing company’s stock worth $320,000 after purchasing an additional 3,247 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Lyft during the 1st quarter worth approximately $1,262,000. Finally, Swiss National Bank increased its stake in Lyft by 2.0% during the 1st quarter. Swiss National Bank now owns 683,100 shares of the ride-sharing company’s stock valued at $13,218,000 after purchasing an additional 13,300 shares in the last quarter. Institutional investors 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.