Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek Sells 6,500 Shares

Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek sold 6,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $15.54, for a total value of $101,010.00. Following the completion of the transaction, the president now directly owns 64,278 shares of the company’s stock, valued at $998,880.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, May 3rd, Kristin Sverchek sold 3,500 shares of Lyft stock. The stock was sold at an average price of $17.50, for a total transaction of $61,250.00.
• On Thursday, March 21st, Kristin Sverchek sold 16,000 shares of Lyft stock. The shares were sold at an average price of $20.00, for a total value of $320,000.00.
• On Monday, March 4th, Kristin Sverchek sold 3,500 shares of Lyft stock. The stock was sold at an average price of $17.51, for a total value of $61,285.00.
• On Friday, March 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $16.30, for a total value of $105,950.00.
• On Wednesday, February 14th, Kristin Sverchek sold 5,670 shares of Lyft stock. The stock was sold at an average price of $15.02, for a total transaction of $85,163.40.

Lyft Stock Performance

Shares of LYFT stock traded up $0.36 on Friday, hitting $17.20. 15,994,496 shares of the stock were exchanged, compared to its average volume of 16,267,067. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. Lyft, Inc. has a one year low of $7.85 and a one year high of $20.82. The firm has a market capitalization of $6.88 billion, a PE ratio of -19.33 and a beta of 2.05. The firm’s 50 day moving average is $17.70 and its two-hundred day moving average is $14.38.

Lyft (NASDAQ:LYFT) last released its quarterly earnings results on Tuesday, February 13th. The ride-sharing company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.14. Lyft had a negative return on equity of 54.80% and a negative net margin of 7.73%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Sell-side analysts expect that Lyft, Inc. will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lyft

A number of hedge funds and other institutional investors have recently bought and sold shares of LYFT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Lyft in the first quarter worth $324,000. GSA Capital Partners LLP raised its holdings in shares of Lyft by 492.1% during the first quarter. GSA Capital Partners LLP now owns 85,675 shares of the ride-sharing company’s stock valued at $1,658,000 after acquiring an additional 71,205 shares in the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of Lyft by 277.8% during the 1st 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 in the last quarter. Janney Montgomery Scott LLC raised its stake 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 buying an additional 25,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Lyft by 60.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 604,048 shares of the ride-sharing company’s stock valued at $11,443,000 after acquiring an additional 227,846 shares in the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Moffett Nathanson upgraded shares of Lyft from a “sell” rating to a “neutral” rating in a report on Wednesday, February 14th. Barclays increased their price objective on Lyft from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Wedbush reiterated a “neutral” rating and set a $15.00 price objective (up previously from $14.00) on shares of Lyft in a research note on Wednesday, February 14th. Truist Financial boosted their target price on shares of Lyft from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Finally, BMO Capital Markets began coverage on shares of Lyft in a research report on Tuesday, January 9th. They set a “market perform” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.60.

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.