Lisa Blackwood-Kapral Sells 9,081 Shares of Lyft, Inc. (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) CAO Lisa Blackwood-Kapral sold 9,081 shares of the business’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 completion of the sale, the chief accounting officer now owns 332,243 shares of the company’s stock, valued at $5,987,018.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Lyft Stock Down 3.1 %

Shares of Lyft stock opened at $17.78 on Thursday. The stock’s 50-day moving average is $13.23 and its 200 day moving average is $13.52. Lyft, Inc. has a one year low of $8.93 and a one year high of $20.82. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of -111.13, a PEG ratio of 6.61 and a beta of 2.04. 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 posted its quarterly earnings results 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. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. Equities research analysts anticipate that Lyft, Inc. will post 0.06 EPS for the current year.

Institutional Investors Weigh In On Lyft

A number of large investors have recently bought and sold shares of LYFT. Swiss National Bank raised its holdings in shares of Lyft by 2.0% during the first 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 during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Lyft by 430.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,886 shares of the ride-sharing company’s stock valued at $75,000 after buying an additional 3,154 shares in the last quarter. CWM LLC raised its stake in Lyft by 26.4% during the 2nd quarter. CWM LLC now owns 6,968 shares of the ride-sharing company’s stock worth $98,000 after buying an additional 1,457 shares during the period. Comerica Bank raised its stake in Lyft by 310.3% during the 1st quarter. Comerica Bank now owns 102,576 shares of the ride-sharing company’s stock worth $1,985,000 after buying an additional 77,578 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Lyft by 48.0% in the first quarter. Janney Montgomery Scott LLC now owns 78,609 shares of the ride-sharing company’s stock worth $1,521,000 after acquiring an additional 25,500 shares in 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. Deutsche Bank Aktiengesellschaft dropped their target price on Lyft from $15.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Bank of America lifted their price objective on shares of Lyft from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Nomura upgraded shares of Lyft from a “reduce” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $13.00 in a research report on Friday, August 23rd. Cantor Fitzgerald lifted their price target on shares of Lyft from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, DA Davidson increased their price target on Lyft from $11.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Twenty-eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.48.

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.