Lyft, Inc. (NASDAQ:LYFT – Get Free Report) Director Logan Green sold 10,323 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $11.62, for a total value of $119,953.26. Following the transaction, the director now directly owns 330,790 shares in the company, valued at approximately $3,843,779.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Lyft Stock Up 1.0 %
Shares of NASDAQ LYFT opened at $11.67 on Friday. The company has a fifty day moving average price of $12.08 and a 200 day moving average price of $15.19. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.00. Lyft, Inc. has a 1-year low of $8.85 and a 1-year high of $20.82.
Lyft (NASDAQ:LYFT – Get Free Report) last announced its earnings results on Wednesday, August 7th. The ride-sharing company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Lyft had a negative return on equity of 8.57% and a negative net margin of 1.27%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned ($0.14) EPS. Lyft’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, equities analysts expect that Lyft, Inc. will post -0.16 EPS for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Melius Research started coverage on Lyft in a research note on Monday, July 22nd. They set a “hold” rating and a $15.00 price target on the stock. Bank of America upgraded shares of Lyft from an “underperform” rating to a “buy” rating and upped their target price for the company from $15.00 to $20.00 in a research report on Friday, June 7th. Melius initiated coverage on shares of Lyft in a research report on Monday, July 22nd. They set a “hold” rating and a $15.00 price target for the company. Piper Sandler restated an “overweight” rating and issued a $24.00 price objective (up from $23.00) on shares of Lyft in a report on Friday, June 7th. Finally, Evercore ISI reduced their price objective on shares of Lyft from $18.00 to $17.00 and set an “in-line” rating on the stock in a research note on Thursday, August 8th. Twenty-five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lyft has an average rating of “Hold” and an average price target of $15.87.
Check Out Our Latest Report on Lyft
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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