Lyft, Inc. (NASDAQ:LYFT) Director Sells $188,352.75 in Stock

Lyft, Inc. (NASDAQ:LYFT) Director Logan Green sold 10,919 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $17.25, for a total transaction of $188,352.75. Following the completion of the transaction, the director now directly owns 314,492 shares in the company, valued at $5,424,987. This represents a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lyft Stock Performance

Shares of NASDAQ:LYFT traded down $0.19 during trading on Monday, hitting $17.17. 6,837,869 shares of the stock traded hands, compared to its average volume of 15,072,165. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. The company has a market cap of $7.12 billion, a price-to-earnings ratio of -107.31, a P/E/G ratio of 5.04 and a beta of 2.04. The company has a fifty day moving average price of $14.78 and a two-hundred day moving average price of $13.56. Lyft, Inc. has a 52-week low of $8.93 and a 52-week high of $20.82.

Lyft (NASDAQ:LYFT) last posted its 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 analyst estimates of $1.44 billion. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The business’s quarterly revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. As a group, equities analysts predict that Lyft, Inc. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Lyft

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its stake in Lyft by 26.4% in the 2nd quarter. CWM LLC now owns 6,968 shares of the ride-sharing company’s stock valued at $98,000 after acquiring an additional 1,457 shares during the period. Comerica Bank grew its stake in Lyft by 310.3% in the 1st quarter. Comerica Bank now owns 102,576 shares of the ride-sharing company’s stock valued at $1,985,000 after acquiring an additional 77,578 shares during the period. Sanctuary Advisors LLC acquired a new stake in Lyft in the 2nd quarter valued at $388,000. New York State Teachers Retirement System acquired a new stake in Lyft in the 3rd quarter valued at $423,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Lyft in the 2nd quarter valued at $3,349,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on LYFT. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lyft from $15.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Nomura upgraded shares of Lyft from a “reduce” rating to a “neutral” rating and dropped their target price for the stock from $15.00 to $13.00 in a report on Friday, August 23rd. Evercore ISI increased their target price on shares of Lyft from $17.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Bank of America increased their target price on shares of Lyft from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on shares of Lyft from $24.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Twenty-eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.55.

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.