Lindsay Catherine Llewellyn Sells 13,204 Shares of Lyft (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Llewellyn sold 13,204 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $16.64, for a total transaction of $219,714.56. Following the sale, the insider owned 781,152 shares in the company, valued at approximately $12,998,369.28. This trade represents a 1.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Lindsay Llewellyn sold 36,214 shares of Lyft stock. The stock was sold at an average price of $16.14, for a total transaction of $584,493.96.

Lyft Stock Down 3.2%

Shares of NASDAQ:LYFT opened at $16.72 on Friday. The firm has a market capitalization of $6.33 billion, a PE ratio of 2.43, a price-to-earnings-growth ratio of 1.18 and a beta of 1.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. Lyft, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54. The firm has a fifty day moving average of $16.23 and a 200 day moving average of $14.62.

Lyft (NASDAQ:LYFT) last released its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, research analysts anticipate that Lyft, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on LYFT shares. Weiss Ratings restated a “hold (c)” rating on shares of Lyft in a research report on Monday, August 3rd. Citigroup began coverage on shares of Lyft in a report on Wednesday, June 17th. They issued a “buy” rating for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $21.00 price objective (up from $20.00) on shares of Lyft in a research note on Friday, August 7th. Tigress Financial reiterated a “buy” rating and issued a $28.00 target price on shares of Lyft in a research report on Wednesday, June 24th. Finally, Roth Capital restated a “buy” rating and set a $25.00 price target (up from $23.00) on shares of Lyft in a research report on Monday, August 10th. Thirteen research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.77.

Hedge Funds Weigh In On Lyft

Several hedge funds and other institutional investors have recently modified their holdings of LYFT. University of Texas Texas AM Investment Management Co. purchased a new position in Lyft during the 4th quarter valued at about $26,000. Plato Investment Management Ltd bought a new stake in shares of Lyft in the 2nd quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of Lyft during the fourth quarter valued at approximately $40,000. Huntington National Bank raised its holdings 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 valued at $42,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Boreal Capital Management LLC purchased a new stake in Lyft in the first quarter worth $31,000. 83.07% of the stock is owned by institutional investors.

About Lyft

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.