Stephen Hope Sells 5,982 Shares of Lyft (NASDAQ:LYFT) Stock

Posted by on Sep 2nd, 2026

Lyft, Inc. (NASDAQ:LYFT – Get Free Report) CAO Stephen Hope sold 5,982 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $17.34, for a total transaction of $103,727.88. Following the completion of the transaction, the chief accounting officer directly owned 299,974 shares in the company, valued at approximately $5,201,549.16. The trade was a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lyft Stock Performance

Shares of NASDAQ LYFT opened at $16.77 on Wednesday. Lyft, Inc. has a 12-month low of $12.46 and a 12-month high of $25.54. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 2.44, a price-to-earnings-growth ratio of 1.04 and a beta of 1.83. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $16.05 and a 200 day moving average of $14.55.

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

Institutional Investors Weigh In On Lyft

A number of institutional investors have recently bought and sold shares of LYFT. Strs Ohio boosted its stake in shares of Lyft by 4,527.6% in the fourth quarter. Strs Ohio now owns 440,405 shares of the ride-sharing company’s stock worth $8,531,000 after acquiring an additional 430,888 shares during the period. Dimensional Fund Advisors LP raised its stake in Lyft by 58.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,720,478 shares of the ride-sharing company’s stock valued at $89,360,000 after purchasing an additional 2,467,010 shares during the period. Bank of New York Mellon Corp lifted its holdings in Lyft by 36.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,289,671 shares of the ride-sharing company’s stock worth $30,453,000 after purchasing an additional 613,494 shares in the last quarter. West Tower Group LLC lifted its holdings in Lyft by 207.6% in the 1st quarter. West Tower Group LLC now owns 138,432 shares of the ride-sharing company’s stock worth $1,841,000 after purchasing an additional 93,432 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in Lyft in the 1st quarter worth approximately $992,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

More Lyft News

Here are the key news stories impacting Lyft this week:

  • Positive Sentiment: New advertising partnership: Lyft Ads and United Airlines are creating a dynamic advertising partnership, potentially expanding Lyft’s higher-margin advertising revenue and strengthening its position with travel-oriented consumers. Lyft Ads and United Airlines partnership
  • Positive Sentiment: New analyst coverage: Rosenblatt Securities initiated coverage with a “neutral” rating and a $19 price target, which is above the stock’s recent trading level. While not a bullish endorsement, the target suggests potential upside and adds another Wall Street view to the stock’s coverage.

Analyst Ratings Changes

Several research firms recently weighed in on LYFT. Oppenheimer initiated coverage on Lyft in a research report on Wednesday, June 17th. They set an “outperform” rating on the stock. DA Davidson decreased their price objective on Lyft from $19.00 to $14.50 and set a “neutral” rating on the stock in a research note on Monday, May 18th. Susquehanna reaffirmed a “neutral” rating and set a $18.00 price objective on shares of Lyft in a research report on Monday, August 10th. JPMorgan Chase & Co. lifted their price objective on Lyft from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company boosted their price objective on Lyft from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two 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 $19.77.

Get Our Latest Stock Analysis on Lyft

Lyft Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Lyft (NASDAQ:LYFT)

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