3,000 Shares in Lyft, Inc. (NASDAQ:LYFT) Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new position in Lyft, Inc. (NASDAQ:LYFT) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,000 shares of the ride-sharing company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYFT. Empowered Funds LLC boosted its stake in Lyft by 6.9% in the 4th quarter. Empowered Funds LLC now owns 21,292 shares of the ride-sharing company’s stock worth $275,000 after purchasing an additional 1,382 shares during the period. Van ECK Associates Corp boosted its stake in shares of Lyft by 14.0% during the 4th quarter. Van ECK Associates Corp now owns 398,880 shares of the ride-sharing company’s stock valued at $5,146,000 after buying an additional 49,138 shares during the period. Allworth Financial LP boosted its stake in shares of Lyft by 25.9% during the 4th quarter. Allworth Financial LP now owns 9,171 shares of the ride-sharing company’s stock valued at $123,000 after buying an additional 1,889 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Lyft by 34.0% during the 4th quarter. Sanctuary Advisors LLC now owns 38,117 shares of the ride-sharing company’s stock valued at $517,000 after buying an additional 9,663 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Lyft by 8.3% during the 4th quarter. Venturi Wealth Management LLC now owns 60,808 shares of the ride-sharing company’s stock valued at $784,000 after buying an additional 4,660 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Stock Performance

NASDAQ:LYFT opened at $14.95 on Wednesday. The firm’s 50-day moving average is $14.10 and its 200-day moving average is $13.55. Lyft, Inc. has a 52-week low of $8.93 and a 52-week high of $19.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 99.67, a PEG ratio of 2.84 and a beta of 2.22.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings data on Thursday, May 8th. The ride-sharing company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.19). Lyft had a return on equity of 11.28% and a net margin of 0.95%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts anticipate that Lyft, Inc. will post 0.22 earnings per share for the current year.

Insider Transactions at Lyft

In other news, Director Jill Beggs sold 1,572 shares of Lyft stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $16.41, for a total transaction of $25,796.52. Following the sale, the director now directly owns 20,467 shares in the company, valued at approximately $335,863.47. The trade was a 7.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lindsay Catherine Llewellyn sold 22,736 shares of Lyft stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $12.45, for a total transaction of $283,063.20. Following the sale, the insider now owns 959,697 shares in the company, valued at approximately $11,948,227.65. This trade represents a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,732 shares of company stock worth $347,159. 3.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LYFT shares. Barclays lifted their target price on shares of Lyft from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Tigress Financial reissued a “buy” rating and set a $28.00 target price (up previously from $26.00) on shares of Lyft in a research note on Wednesday, May 21st. KeyCorp reissued a “sector weight” rating on shares of Lyft in a research note on Wednesday, March 26th. Royal Bank Of Canada reissued an “outperform” rating and set a $21.00 target price on shares of Lyft in a research note on Thursday, June 5th. Finally, Bank of America lowered shares of Lyft from a “buy” rating to an “underperform” rating and set a $10.50 price objective for the company. in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, twenty-six have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.40.

Lyft Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.