Lindsay Catherine Llewellyn Sells 4,243 Shares of Lyft, Inc. (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 4,243 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $12.00, for a total transaction of $50,916.00. Following the completion of the sale, the insider now directly owns 760,089 shares of the company’s stock, valued at approximately $9,121,068. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, August 27th, Lindsay Catherine Llewellyn sold 8,486 shares of Lyft stock. The shares were sold at an average price of $11.76, for a total value of $99,795.36.

Lyft Price Performance

LYFT stock traded up $0.33 on Monday, reaching $11.68. 11,621,830 shares of the company’s stock were exchanged, compared to its average volume of 15,389,500. Lyft, Inc. has a twelve month low of $8.85 and a twelve month high of $20.82. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average of $11.65 and a 200-day moving average of $14.83. The firm has a market cap of $4.71 billion, a PE ratio of -24.15 and a beta of 2.04.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Wednesday, August 7th. The ride-sharing company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Lyft had a negative net margin of 1.27% and a negative return on equity of 8.57%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned ($0.14) earnings per share. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, equities analysts predict that Lyft, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Lyft

Institutional investors and hedge funds have recently modified their holdings of the company. FinTrust Capital Advisors LLC boosted its position in Lyft by 277.8% during the first quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Lyft during the 1st quarter worth $41,000. GAMMA Investing LLC boosted its position in shares of Lyft by 42.9% in the 1st quarter. GAMMA Investing LLC now owns 2,213 shares of the ride-sharing company’s stock worth $43,000 after buying an additional 664 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Lyft in the 4th quarter valued at about $34,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Lyft in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Loop Capital decreased their price target on Lyft from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Barclays lowered their target price on shares of Lyft from $20.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Melius Research initiated coverage on shares of Lyft in a report on Monday, July 22nd. They issued a “hold” rating and a $15.00 price objective on the stock. Nomura Securities raised shares of Lyft from a “strong sell” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, Roth Mkm cut their target price on Lyft from $19.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Twenty-six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.65.

About Lyft

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.