Lyft, Inc. (NASDAQ:LYFT – Get Free Report) Director Janey Whiteside sold 5,480 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $17.68, for a total transaction of $96,886.40. Following the completion of the sale, the director owned 60,704 shares of the company’s stock, valued at $1,073,246.72. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Janey Whiteside also recently made the following trade(s):
- On Friday, August 7th, Janey Whiteside sold 14,220 shares of Lyft stock. The shares were sold at an average price of $17.00, for a total transaction of $241,740.00.
Lyft Stock Performance
Shares of LYFT opened at $17.35 on Friday. The company has a market capitalization of $6.57 billion, a PE ratio of 2.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.80. Lyft, Inc. has a one year low of $12.46 and a one year high of $25.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.59 and a quick ratio of 0.59. The company’s fifty day moving average price is $15.87 and its 200 day moving average price is $14.52.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on LYFT shares. BTIG Research upgraded Lyft from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 17th. William Blair lowered shares of Lyft to a “market perform” rating in a research report on Wednesday, June 17th. Tigress Financial reiterated a “buy” rating and issued a $28.00 price target on shares of Lyft in a research note on Wednesday, June 24th. Rothschild & Co Redburn raised shares of Lyft from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, June 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lyft in a report on Monday, August 3rd. Thirteen analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Lyft currently has an average rating of “Hold” and a consensus target price of $19.80.
Read Our Latest Analysis on LYFT
Institutional Trading of Lyft
Several hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP boosted its stake in Lyft by 45.3% during the second quarter. Corient Private Wealth LP now owns 189,497 shares of the ride-sharing company’s stock worth $2,769,000 after acquiring an additional 59,041 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Lyft in the 2nd quarter valued at about $2,643,000. California State Teachers Retirement System increased its position in Lyft by 1,333.6% in the 2nd quarter. California State Teachers Retirement System now owns 6,441,315 shares of the ride-sharing company’s stock valued at $94,108,000 after buying an additional 5,992,016 shares in the last quarter. Wedmont Private Capital raised its stake in Lyft by 8.2% during the 2nd quarter. Wedmont Private Capital now owns 12,875 shares of the ride-sharing company’s stock worth $201,000 after buying an additional 977 shares during the period. Finally, Nykredit A S acquired a new position in Lyft during the 2nd quarter worth approximately $195,000. Institutional investors own 83.07% of the company’s stock.
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.
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