Lyft, Inc. $LYFT Shares Acquired by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. boosted its holdings in Lyft, Inc. (NASDAQ:LYFT) by 54.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,217 shares of the ride-sharing company’s stock after purchasing an additional 42,800 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Lyft were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LYFT. University of Texas Texas AM Investment Management Co. purchased a new stake in Lyft in the 4th quarter valued at about $26,000. Bessemer Group Inc. lifted its holdings in shares of Lyft by 1,851.9% during the 1st quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock worth $35,000 after acquiring an additional 2,500 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Lyft during the 4th quarter worth about $40,000. Huntington National Bank boosted its position in shares of Lyft by 171.8% in the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 1,374 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of Lyft in the first quarter worth approximately $43,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lyft

In related news, CFO Erin Brewer sold 15,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $13.59, for a total value of $203,850.00. Following the completion of the sale, the chief financial officer directly owned 705,979 shares in the company, valued at approximately $9,594,254.61. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,460 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total value of $75,129.60. Following the completion of the sale, the chief accounting officer owned 335,463 shares of the company’s stock, valued at approximately $4,615,970.88. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 45,535 shares of company stock worth $637,456. 0.92% of the stock is currently owned by insiders.

Lyft Price Performance

LYFT opened at $15.52 on Monday. The firm has a 50 day moving average price of $14.34 and a 200 day moving average price of $14.90. The company has a market cap of $5.89 billion, a PE ratio of 2.27, a price-to-earnings-growth ratio of 0.92 and a beta of 1.80. Lyft, Inc. has a 1 year low of $12.46 and a 1 year high of $25.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.26). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business posted $0.01 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Sell-side analysts expect that Lyft, Inc. will post 0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

LYFT has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Lyft from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, May 8th. William Blair downgraded shares of Lyft to a “market perform” rating in a research note on Wednesday, June 17th. BTIG Research upgraded shares of Lyft from a “neutral” rating to a “buy” rating in a report on Wednesday, June 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Lyft in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group dropped their price objective on Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.40.

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.