Janus Henderson Group PLC Sells 398,977 Shares of Lyft, Inc. $LYFT

Janus Henderson Group PLC cut its stake in Lyft, Inc. (NASDAQ:LYFT) by 74.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,834 shares of the ride-sharing company’s stock after selling 398,977 shares during the period. Janus Henderson Group PLC’s holdings in Lyft were worth $1,821,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of 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 purchasing an additional 2,921 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Lyft by 44.0% during the 1st quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock valued at $607,000 after buying an additional 15,621 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Lyft in the 2nd quarter worth approximately $470,000. Invesco Ltd. lifted its position in Lyft by 87.5% in the 2nd quarter. Invesco Ltd. now owns 1,064,930 shares of the ride-sharing company’s stock worth $16,783,000 after buying an additional 497,118 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Lyft by 12.6% in the 2nd quarter. California Public Employees Retirement System now owns 709,188 shares of the ride-sharing company’s stock worth $11,177,000 after buying an additional 79,634 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LYFT. Truist Financial increased their price target on shares of Lyft from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Lyft in a report on Monday, August 3rd. Jefferies Financial Group upped their price objective on shares of Lyft from $15.00 to $15.50 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Piper Sandler reaffirmed an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of Lyft in a report on Friday. Finally, Sanford C. Bernstein assumed coverage on shares of Lyft in a research note on Wednesday, June 17th. They issued an “underperform” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.57.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Record demand and bookings: Second-quarter gross bookings rose 23% year over year to $5.5 billion, revenue increased 16% to $1.84 billion, and active riders and rides reached records of 30.5 million and 262 million, respectively. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Improving profitability: Adjusted EBITDA climbed 37% to $177.2 million, while the adjusted EBITDA margin improved to 3.2% of bookings from 2.9% a year earlier. Lyft also had $850 million remaining under its 2026 share-repurchase authorization as of June 30, potentially supporting per-share value. Seeking Alpha article
• Positive Sentiment: Constructive near-term outlook: Lyft forecast third-quarter gross bookings of approximately $5.50 billion to $5.67 billion, slightly above expectations, suggesting demand remains resilient even as growth moderates. Several analysts raised targets, including RBC to $20, Piper Sandler to $21 and JPMorgan to $19. RBC price-target article

Insider Activity at Lyft

In other Lyft news, Director Jill Beggs sold 2,093 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total transaction of $28,799.68. Following the transaction, the director owned 30,092 shares in the company, valued at approximately $414,065.92. This represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 36,214 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $16.14, for a total value of $584,493.96. Following the completion of the transaction, the insider directly owned 817,517 shares of the company’s stock, valued at $13,194,724.38. This represents a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 81,749 shares of company stock valued at $1,221,950 in the last three months. Corporate insiders own 0.92% of the company’s stock.

Lyft Price Performance

Shares of Lyft stock opened at $17.46 on Monday. The company has a current ratio of 0.59, 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 company has a market cap of $6.63 billion, a P/E ratio of 2.54, a PEG ratio of 1.04 and a beta of 1.80. The company’s fifty day simple moving average is $14.95 and its two-hundred day simple moving average is $14.52.

Lyft (NASDAQ:LYFT) last posted its earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Lyft had a negative return on equity of 1.20% and a net margin of 42.32%.The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Research analysts anticipate that Lyft, Inc. will post 0.69 EPS for the current year.

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.