Lyft, Inc. (NASDAQ:LYFT) Insider Lindsay Catherine Llewellyn Sells 8,486 Shares

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 8,486 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $11.76, for a total transaction of $99,795.36. Following the transaction, the insider now owns 764,332 shares in the company, valued at approximately $8,988,544.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lyft Stock Up 1.0 %

Shares of NASDAQ LYFT opened at $11.67 on Friday. Lyft, Inc. has a 12-month low of $8.85 and a 12-month high of $20.82. The firm’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $15.19. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. The company has a market cap of $4.71 billion, a price-to-earnings ratio of -24.83 and a beta of 2.06.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings data on Wednesday, August 7th. The ride-sharing company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. Lyft had a negative net margin of 3.94% and a negative return on equity of 23.77%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company posted ($0.14) EPS. Lyft’s revenue was up 40.6% on a year-over-year basis. On average, research analysts expect that Lyft, Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Lyft during the fourth quarter worth about $94,687,000. Kodai Capital Management LP acquired a new stake in Lyft during the 4th quarter worth approximately $26,069,000. Bank of Nova Scotia bought a new position in Lyft in the fourth quarter valued at approximately $21,433,000. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $27,562,000 after buying an additional 1,218,620 shares in the last quarter. Finally, National Bank of Canada FI increased its position 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 worth $16,665,000 after acquiring an additional 1,188,625 shares in the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Lyft from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Nomura Securities upgraded Lyft from a “strong sell” rating to a “hold” rating in a report on Friday, August 23rd. Susquehanna lowered their price target on shares of Lyft from $18.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. DA Davidson raised their price objective on shares of Lyft from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, Gordon Haskett upgraded shares of Lyft from a “hold” rating to a “buy” rating and boosted their target price for the company from $17.00 to $20.00 in a report on Friday, June 7th. Twenty-five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lyft has an average rating of “Hold” and a consensus target price of $15.87.

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.