Insider Selling: Lyft, Inc. (NASDAQ:LYFT) CAO Sells 9,083 Shares of Stock

Lyft, Inc. (NASDAQ:LYFTGet Free Report) CAO Lisa Blackwood-Kapral sold 9,083 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $15.67, for a total transaction of $142,330.61. Following the completion of the sale, the chief accounting officer now directly owns 351,853 shares of the company’s stock, valued at $5,513,536.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Lyft Stock Down 1.0 %

Shares of NASDAQ:LYFT opened at $15.76 on Friday. The company has a market capitalization of $6.36 billion, a PE ratio of -33.53 and a beta of 2.05. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. The company’s fifty day moving average is $17.32 and its 200-day moving average is $15.28. Lyft, Inc. has a 52 week low of $8.36 and a 52 week high of $20.82.

Lyft (NASDAQ:LYFTGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The ride-sharing company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.09. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.17 billion. Lyft had a negative net margin of 3.94% and a negative return on equity of 23.77%. Equities research analysts predict that Lyft, Inc. will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Lyft

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in Lyft by 42.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,488,609 shares of the ride-sharing company’s stock worth $36,770,000 after purchasing an additional 1,043,719 shares during the last quarter. Invesco Ltd. raised its holdings in Lyft by 21.3% during the 3rd quarter. Invesco Ltd. now owns 4,425,740 shares of the ride-sharing company’s stock worth $46,647,000 after purchasing an additional 778,563 shares during the last quarter. Vanguard Group Inc. lifted its position in Lyft by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 31,457,522 shares of the ride-sharing company’s stock valued at $331,562,000 after purchasing an additional 1,135,036 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Lyft during the 3rd quarter worth approximately $1,224,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Lyft by 123.4% during the third quarter. Canada Pension Plan Investment Board now owns 1,208,700 shares of the ride-sharing company’s stock worth $12,740,000 after buying an additional 667,600 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LYFT has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Lyft in a research note on Thursday. Barclays upped their target price on Lyft from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. BMO Capital Markets increased their price objective on Lyft from $15.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Wedbush lifted their target price on shares of Lyft from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company raised their price target on shares of Lyft from $15.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Lyft presently has a consensus rating of “Hold” and an average price target of $16.70.

View Our Latest Report on LYFT

Lyft Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Lyft (NASDAQ:LYFT)

Receive News & Ratings for Lyft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lyft and related companies with MarketBeat.com's FREE daily email newsletter.