Lyft (NASDAQ:LYFT) Insider Lindsay Catherine Llewellyn Sells 13,204 Shares of Stock

Lyft, Inc. (NASDAQ:LYFTGet Free Report) insider Lindsay Llewellyn sold 13,204 shares of Lyft stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $16.64, for a total transaction of $219,714.56. Following the completion of the sale, the insider directly owned 781,152 shares in the company, valued at $12,998,369.28. This trade represents a 1.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, August 3rd, Lindsay Llewellyn sold 36,214 shares of Lyft stock. The shares were sold at an average price of $16.14, for a total value of $584,493.96.

Lyft Price Performance

Shares of NASDAQ LYFT opened at $17.28 on Friday. The stock has a fifty day simple moving average of $16.18 and a two-hundred day simple moving average of $14.61. Lyft, Inc. has a 1-year low of $12.46 and a 1-year high of $25.54. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 2.51, a price-to-earnings-growth ratio of 1.07 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.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LYFT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lyft in a report on Monday, August 3rd. Roth Capital reiterated a “buy” rating and issued a $25.00 target price (up from $23.00) on shares of Lyft in a research note on Monday, August 10th. Zacks Research raised shares of Lyft from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein began coverage on shares of Lyft in a research note on Wednesday, June 17th. They set an “underperform” rating on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $21.00 price objective (up from $20.00) on shares of Lyft in a report on Friday, August 7th. Thirteen investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.77.

Read Our Latest Stock Report on Lyft

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in shares of Lyft by 13.7% during the first quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock valued at $287,000 after buying an additional 2,921 shares during the period. Focus Partners Wealth boosted its position in shares of Lyft by 44.0% in the first quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock valued at $607,000 after acquiring an additional 15,621 shares during the period. Sivia Capital Partners LLC purchased a new position in Lyft during the second quarter valued at approximately $470,000. Invesco Ltd. grew its stake in Lyft by 87.5% during the second quarter. Invesco Ltd. now owns 1,064,930 shares of the ride-sharing company’s stock valued at $16,783,000 after acquiring an additional 497,118 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Lyft by 12.6% during the 2nd quarter. California Public Employees Retirement System now owns 709,188 shares of the ride-sharing company’s stock worth $11,177,000 after acquiring an additional 79,634 shares during the period. Institutional investors own 83.07% of the company’s stock.

About Lyft

(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.

Further Reading

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

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