Lyft, Inc. (NASDAQ:LYFT – Get Free Report) insider Lindsay Catherine Llewellyn sold 36,214 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $16.14, for a total transaction of $584,493.96. Following the sale, the insider directly owned 817,517 shares of the company’s stock, valued at approximately $13,194,724.38. The trade was a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction of $172,365.00.
- On Tuesday, May 26th, Lindsay Catherine Llewellyn sold 11,491 shares of Lyft stock. The stock was sold at an average price of $13.69, for a total transaction of $157,311.79.
Lyft Stock Performance
Shares of LYFT opened at $17.46 on Friday. The stock has a fifty day moving average price of $14.95 and a 200-day moving average price of $14.55. Lyft, Inc. has a 12 month low of $12.46 and a 12 month high of $25.54. The firm has a market cap of $6.63 billion, a PE ratio of 2.54, a P/E/G ratio of 0.97 and a beta of 1.80. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33.
Hedge Funds Weigh In On Lyft
Several hedge funds and other institutional investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Lyft during the fourth quarter worth approximately $26,000. Plato Investment Management Ltd purchased a new position in Lyft in the 2nd quarter valued at $27,000. Boreal Capital Management LLC purchased a new position in Lyft in the 1st quarter valued at $31,000. Bessemer Group Inc. boosted its stake in Lyft by 1,851.9% during the 1st quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock worth $35,000 after purchasing an additional 2,500 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Lyft during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.
Analyst Ratings Changes
LYFT has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price target on shares of Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Citigroup initiated coverage on Lyft in a report on Wednesday, June 17th. They issued a “buy” rating for the company. Cantor Fitzgerald raised their price objective on Lyft from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Friday. UBS Group boosted their price objective on Lyft from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Roth Capital reiterated a “buy” rating and set a $23.00 target price on shares of Lyft in a research report on Friday, May 8th. Thirteen research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.57.
Check Out Our Latest Research Report on LYFT
Lyft News Summary
Here are the key news stories impacting Lyft this week:
- Positive Sentiment: Record demand and bookings: Second-quarter gross bookings rose 23% year over year to $5.5 billion, revenue increased 16% to $1.84 billion, and active riders and rides reached records of 30.5 million and 262 million, respectively. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
- Positive Sentiment: Improving profitability: Adjusted EBITDA climbed 37% to $177.2 million, while the adjusted EBITDA margin improved to 3.2% of bookings from 2.9% a year earlier. Lyft also had $850 million remaining under its 2026 share-repurchase authorization as of June 30, potentially supporting per-share value. Seeking Alpha article
- Positive Sentiment: Constructive near-term outlook: Lyft forecast third-quarter gross bookings of approximately $5.50 billion to $5.67 billion, slightly above expectations, suggesting demand remains resilient even as growth moderates. Several analysts raised targets, including RBC to $20, Piper Sandler to $21 and JPMorgan to $19. RBC price-target article
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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