Lyft, Inc. (NASDAQ:LYFT – Get Free Report) 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 – Get Free Report) 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
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.
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