Lyft (NASDAQ:LYFT) Insider Sells $157,311.79 in Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 11,491 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $13.69, for a total transaction of $157,311.79. Following the completion of the transaction, the insider owned 865,222 shares of the company’s stock, valued at $11,844,889.18. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lindsay Catherine Llewellyn also recently made the following trade(s):

• On Friday, April 17th, Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock. The shares were sold at an average price of $15.00, for a total transaction of $354,915.00.

Lyft Price Performance

LYFT stock opened at $14.11 on Friday. The firm has a 50 day moving average of $13.74 and a 200-day moving average of $16.49. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. Lyft, Inc. has a 12 month low of $12.46 and a 12 month high of $25.54. The firm has a market capitalization of $5.36 billion, a P/E ratio of 2.06, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84.

Lyft (NASDAQ:LYFT) last released its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the business posted $0.01 earnings per share. Lyft’s revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts predict that Lyft, Inc. will post 0.66 earnings per share for the current fiscal year.

Lyft announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 10th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the ride-sharing company to repurchase up to 15.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LYFT. UBS Group reaffirmed a “neutral” rating on shares of Lyft in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised their target price on shares of Lyft from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. TD Cowen reaffirmed a “buy” rating on shares of Lyft in a research note on Wednesday, February 11th. Evercore set a $21.00 target price on shares of Lyft in a research note on Wednesday, February 11th. Finally, DA Davidson lowered their target price on shares of Lyft from $19.00 to $14.50 and set a “neutral” rating on the stock in a research note on Monday, May 18th. Eight analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.83.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LYFT. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Lyft during the fourth quarter worth approximately $26,000. Boreal Capital Management LLC purchased a new position in shares of Lyft during the first quarter worth approximately $31,000. Bessemer Group Inc. raised its stake in shares of Lyft by 1,851.9% during the first quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock worth $35,000 after acquiring an additional 2,500 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Lyft during the fourth quarter worth approximately $40,000. Finally, Huntington National Bank raised its stake in shares of Lyft by 171.8% during the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 1,374 shares in the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.