98,450 Shares in Lyft, Inc. $LYFT Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Lyft, Inc. (NASDAQ:LYFT) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 98,450 shares of the ride-sharing company’s stock, valued at approximately $1,309,000.

A number of other institutional investors have also made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Lyft by 13.7% in the 1st quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock worth $287,000 after buying an additional 2,921 shares in the last quarter. Focus Partners Wealth grew its position in shares of Lyft by 44.0% during the first quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock worth $607,000 after buying an additional 15,621 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Lyft in the second quarter worth $470,000. Invesco Ltd. raised its holdings in Lyft by 87.5% in the second quarter. Invesco Ltd. now owns 1,064,930 shares of the ride-sharing company’s stock valued at $16,783,000 after acquiring an additional 497,118 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Lyft by 12.6% in the second quarter. California Public Employees Retirement System now owns 709,188 shares of the ride-sharing company’s stock valued at $11,177,000 after acquiring an additional 79,634 shares in the last quarter. 83.07% of the stock is owned by institutional investors and hedge funds.

Lyft Price Performance

LYFT stock opened at $15.52 on Friday. The firm has a market capitalization of $5.89 billion, a PE ratio of 2.27, a P/E/G ratio of 0.95 and a beta of 1.80. The firm has a 50-day moving average of $14.34 and a two-hundred day moving average of $14.93. 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 one year low of $12.46 and a one year high of $25.54.

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 negative return on equity of 2.09% and a net margin of 43.82%.The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company posted $0.01 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. On average, analysts forecast that Lyft, Inc. will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson cut 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. Weiss Ratings restated a “hold (c)” rating on shares of Lyft in a research report on Wednesday, May 6th. Zacks Research lowered shares of Lyft from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Royal Bank Of Canada dropped their price objective on shares of Lyft from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Finally, Sanford C. Bernstein initiated coverage on shares of Lyft in a report on Wednesday, June 17th. They issued an “underperform” rating on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.40.

Insider Buying and Selling at Lyft

In related news, CFO Erin Brewer sold 15,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $13.59, for a total transaction of $203,850.00. Following the completion of the sale, the chief financial officer owned 705,979 shares in the company, valued at $9,594,254.61. This trade represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock in a transaction on Monday, June 1st. The shares were sold at an average price of $15.00, for a total value of $172,365.00. Following the completion of the transaction, the insider owned 853,731 shares of the company’s stock, valued at approximately $12,805,965. The trade was a 1.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 45,535 shares of company stock worth $637,456. 0.92% of the stock is currently owned by company insiders.

Lyft 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.