Lyft (NASDAQ:LYFT) Insider Lindsay Catherine Llewellyn Sells 36,214 Shares of Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 36,214 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $16.14, for a total value of $584,493.96. Following the completion of the sale, the insider directly owned 817,517 shares in the company, valued at approximately $13,194,724.38. The trade was a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock. The stock was sold at an average price of $15.00, for a total value of $172,365.00.
• On Tuesday, May 26th, Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock. The shares were sold at an average price of $13.69, for a total value of $157,311.79.

Lyft Price Performance

Lyft stock opened at $16.48 on Thursday. The company’s fifty day moving average price is $14.83 and its 200 day moving average price is $14.54. Lyft, Inc. has a 1 year low of $12.46 and a 1 year high of $25.54. The stock has a market capitalization of $6.26 billion, a P/E ratio of 2.41, a P/E/G ratio of 0.99 and a beta of 1.80. 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 data on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share. As a group, equities research analysts anticipate that Lyft, Inc. will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lyft

Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. boosted its holdings in shares of Lyft by 23.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock valued at $75,000 after buying an additional 639 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Lyft by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock worth $248,000 after acquiring an additional 681 shares in the last quarter. Allegiance Financial Group Advisory Services LLC raised its stake in Lyft by 4.3% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock worth $352,000 after acquiring an additional 756 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Lyft by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock worth $3,684,000 after acquiring an additional 771 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in Lyft by 1.0% in the fourth quarter. AlphaQuest LLC now owns 89,753 shares of the ride-sharing company’s stock valued at $1,739,000 after acquiring an additional 854 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Canaccord Genuity Group cut their target price on shares of Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Rothschild & Co Redburn raised shares of Lyft from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, June 17th. Roth Capital reiterated a “buy” rating and issued a $23.00 price objective on shares of Lyft in a report on Friday, May 8th. DA Davidson cut their price objective on Lyft from $19.00 to $14.50 and set a “neutral” rating for the company in a research note on Monday, May 18th. Finally, William Blair cut Lyft to a “market perform” rating in a report on Wednesday, June 17th. Twelve research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.43.

About Lyft

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.