Lyft, Inc. (NASDAQ:LYFT) CAO Lisa Blackwood-Kapral Sells 9,081 Shares

Lyft, Inc. (NASDAQ:LYFTGet Free Report) CAO Lisa Blackwood-Kapral sold 9,081 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $18.02, for a total transaction of $163,639.62. Following the sale, the chief accounting officer now directly owns 332,243 shares of the company’s stock, valued at approximately $5,987,018.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lyft Price Performance

Shares of LYFT opened at $17.78 on Thursday. The firm’s 50-day simple moving average is $13.23 and its two-hundred day simple moving average is $13.52. The stock has a market cap of $7.29 billion, a PE ratio of -111.13, a price-to-earnings-growth ratio of 6.61 and a beta of 2.04. Lyft, Inc. has a fifty-two week low of $8.93 and a fifty-two week high of $20.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75.

Lyft (NASDAQ:LYFTGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.09. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company’s revenue was up 31.6% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. Analysts anticipate that Lyft, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup cut their price target on Lyft from $18.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Barclays lifted their target price on Lyft from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Wells Fargo & Company reissued a “market perform” rating on shares of Lyft in a research report on Friday, October 18th. UBS Group lifted their price objective on shares of Lyft from $13.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a report on Thursday, November 7th. Twenty-eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.48.

View Our Latest Research Report on Lyft

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LYFT. International Assets Investment Management LLC bought a new position in Lyft in the second quarter valued at about $35,000. Brown Brothers Harriman & Co. bought a new position in shares of Lyft in the second quarter worth approximately $35,000. Capital Performance Advisors LLP purchased a new stake in Lyft in the 3rd quarter worth $38,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lyft during the first quarter worth about $41,000. Finally, Quarry LP raised its position in shares of Lyft by 4,032.6% during the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock valued at $50,000 after buying an additional 3,468 shares during the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Lyft Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Lyft (NASDAQ:LYFT)

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