Lyft, Inc. (NASDAQ:LYFT – Get 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:LYFT – Get 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
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
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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