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

Lyft, Inc. (NASDAQ:LYFT) CAO Lisa Blackwood-Kapral sold 9,081 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $18.02, for a total value of $163,639.62. Following the transaction, the chief accounting officer now directly owns 332,243 shares in the company, valued at $5,987,018.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lyft Stock Down 1.3 %

Shares of NASDAQ LYFT opened at $18.34 on Wednesday. Lyft, Inc. has a twelve month low of $8.93 and a twelve month high of $20.82. The business has a fifty day simple moving average of $13.10 and a two-hundred day simple moving average of $13.51. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Lyft’s revenue for the quarter was up 31.6% compared to the same quarter last year. Equities research analysts predict that Lyft, Inc. will post -0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on LYFT. Loop Capital dropped their price target on shares of Lyft from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Wedbush reiterated a “neutral” rating and set a $20.00 target price (up previously from $12.00) on shares of Lyft in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their price target on Lyft from $15.00 to $11.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Cantor Fitzgerald increased their price objective on shares of Lyft from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Truist Financial lifted their price objective on shares of Lyft from $13.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Twenty-eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.48.

Institutional Investors Weigh In On Lyft

A number of institutional investors have recently added to or reduced their stakes in LYFT. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lyft during the first quarter valued at about $41,000. Brown Brothers Harriman & Co. bought a new position in shares of Lyft during the 2nd quarter worth approximately $35,000. International Assets Investment Management LLC purchased a new stake in Lyft during the second quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new stake in Lyft in the third quarter valued at approximately $38,000. Finally, Quarry LP grew its holdings in Lyft by 4,032.6% in the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock worth $50,000 after purchasing an additional 3,468 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

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.