VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.64 Million Position in Lyft, Inc. $LYFT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Lyft, Inc. (NASDAQ:LYFT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 180,900 shares of the ride-sharing company’s stock, valued at approximately $2,643,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LYFT. University of Texas Texas AM Investment Management Co. purchased a new stake in Lyft during the fourth quarter valued at about $26,000. Plato Investment Management Ltd bought a new position in Lyft during the second quarter worth about $27,000. International Assets Investment Management LLC purchased a new position in shares of Lyft in the fourth quarter worth about $40,000. Huntington National Bank increased its stake 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 purchasing an additional 1,374 shares in the last quarter. Finally, Boreal Capital Management LLC bought a new stake in shares of Lyft in the first quarter valued at approximately $31,000. 83.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 5,982 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $17.34, for a total value of $103,727.88. Following the transaction, the chief accounting officer owned 299,974 shares of the company’s stock, valued at $5,201,549.16. This represents a 1.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,307 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.34, for a total transaction of $40,003.38. Following the completion of the transaction, the director directly owned 46,238 shares in the company, valued at $801,766.92. The trade was a 4.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 97,020 shares of company stock valued at $1,630,959 over the last three months. Corporate insiders own 0.92% of the company’s stock.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Waymo partnership expands Lyft’s autonomous-vehicle offering. Riders in Nashville can now request Waymo robotaxi rides through the Lyft app, strengthening Lyft’s role as a distribution platform for autonomous transportation and potentially supporting long-term growth. Waymo Rides Now Available on the Lyft App in Nashville
• Positive Sentiment: Lyft reaffirmed its third-quarter 2026 guidance. The company maintained its outlook for gross bookings, adjusted EBITDA and adjusted EBITDA margin, reducing concern that the recent selloff reflected weaker operating expectations. Michael Brous, an internal executive with nearly eight years at Lyft, was named the next CFO. Lyft Names New CFO, Reaffirms Q3 2026 Guidance
• Neutral Sentiment: Scotiabank upgraded Lyft to “Hold.” The change suggests a more balanced analyst view but does not represent a bullish recommendation. A technical indicator also suggested the recent pullback could be short-lived. Lyft Stock Pullback Could Be Short-Lived Says Signal
• Neutral Sentiment: Reported short interest was zero shares, but the data appears incomplete or erroneous and therefore provides little meaningful information about trading pressure.
• Negative Sentiment: The CFO change initially unsettled investors. Although the appointment is internal and guidance was reaffirmed, the transition created uncertainty around a key financial leadership role. Recent filings also show multiple insider sales, with no reported insider purchases in the past six months.
• Negative Sentiment: New allegations involving Lyft drivers could create reputational and legal risk. Reports describe an alleged abduction involving two women and a separate civil lawsuit connected to a convicted driver. The reports concern alleged driver conduct, but investors may still monitor potential liability, safety costs and effects on rider trust. Lyft Driver Accused of Abducting Two Women

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LYFT shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $17.00 price target on shares of Lyft in a research note on Monday, August 10th. Guggenheim reiterated a “buy” rating on shares of Lyft in a research note on Wednesday, June 10th. Tigress Financial reissued a “buy” rating and set a $28.00 target price on shares of Lyft in a report on Wednesday, June 24th. Citigroup initiated coverage on Lyft in a research report on Wednesday, June 17th. They set a “buy” rating on the stock. Finally, Roth Capital reaffirmed a “buy” rating and issued a $25.00 price target (up from $23.00) on shares of Lyft in a report on Monday, August 10th. Thirteen research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.69.

Lyft Price Performance

Lyft stock opened at $15.02 on Friday. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 2.18, a PEG ratio of 1.02 and a beta of 1.83. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $16.28 and a 200 day simple moving average of $14.69. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $0.10 EPS. The business’s revenue was up 16.1% compared to the same quarter last year. On average, research analysts forecast that Lyft, Inc. will post 0.73 earnings per share for the current fiscal year.

Lyft Profile

Lyft, Inc is a transportation technology company that operates a digital platform connecting passengers with drivers. Its core service is app-based ridesharing, allowing users to request rides, receive estimated fares, track trips and pay electronically. Lyft also offers transportation options such as scheduled rides, airport services and premium ride categories.

In addition to ridesharing, Lyft provides access to bikes and scooters in select markets and offers transportation-management tools through Lyft Business.