Kristin Sverchek Sells 3,500 Shares of Lyft, Inc. (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek sold 3,500 shares of Lyft stock in a transaction on Friday, June 28th. The shares were sold at an average price of $14.01, for a total value of $49,035.00. Following the completion of the transaction, the president now owns 50,778 shares in the company, valued at approximately $711,399.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kristin Sverchek also recently made the following trade(s):

• On Monday, July 1st, Kristin Sverchek sold 3,000 shares of Lyft stock. The shares were sold at an average price of $13.81, for a total value of $41,430.00.
• On Monday, June 3rd, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $15.77, for a total value of $102,505.00.
• On Friday, May 3rd, Kristin Sverchek sold 3,500 shares of Lyft stock. The shares were sold at an average price of $17.50, for a total value of $61,250.00.
• On Wednesday, May 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $15.54, for a total value of $101,010.00.

Lyft Price Performance

Shares of Lyft stock opened at $13.39 on Thursday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. Lyft, Inc. has a fifty-two week low of $8.85 and a fifty-two week high of $20.82. The business has a 50-day moving average price of $15.51 and a 200 day moving average price of $15.73.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Tuesday, May 7th. The ride-sharing company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.09. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.17 billion. Lyft had a negative return on equity of 23.77% and a negative net margin of 3.94%. On average, analysts predict that Lyft, Inc. will post -0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LYFT. Loop Capital upgraded Lyft from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, June 7th. Wells Fargo & Company reduced their price objective on Lyft from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, June 28th. Royal Bank of Canada restated an “outperform” rating and set a $24.00 price objective on shares of Lyft in a research note on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of Lyft in a research note on Friday, June 7th. Finally, Citigroup boosted their price objective on Lyft from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.00.

Hedge Funds Weigh In On Lyft

Institutional investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC grew its holdings in shares of Lyft by 277.8% during the first quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Lyft by 685.2% during the fourth quarter. Allworth Financial LP now owns 1,916 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 1,672 shares during the last quarter. a16z Perennial Management L.P. bought a new position in shares of Lyft during the fourth quarter valued at approximately $34,000. Kapitalo Investimentos Ltda bought a new position in shares of Lyft during the fourth quarter valued at approximately $34,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Lyft during the fourth quarter worth approximately $40,000. 83.07% of the stock is owned by institutional investors.

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.