Victory Capital Management Inc. Has $78.81 Million Position in Lyft, Inc. $LYFT

Victory Capital Management Inc. boosted its stake in shares of Lyft, Inc. (NASDAQ:LYFT) by 479.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,580,564 shares of the ride-sharing company’s stock after purchasing an additional 2,962,266 shares during the quarter. Victory Capital Management Inc. owned about 0.88% of Lyft worth $78,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quent Capital LLC acquired a new stake in shares of Lyft in the third quarter worth $34,000. Abich Financial Wealth Management LLC bought a new position in Lyft in the 3rd quarter worth $50,000. CI Investments Inc. raised its holdings in Lyft by 39.1% in the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock worth $51,000 after acquiring an additional 653 shares during the period. Optiver Holding B.V. acquired a new position in Lyft during the 3rd quarter worth $54,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in Lyft during the third quarter valued at about $55,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Analysts Set New Price Targets

LYFT has been the topic of several research analyst reports. Wedbush lowered their price target on Lyft from $16.00 to $13.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group increased their target price on Lyft from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Truist Financial dropped their price target on Lyft from $23.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, February 11th. Piper Sandler reiterated an “overweight” rating on shares of Lyft in a report on Wednesday, February 11th. Finally, Roth Mkm set a $22.00 price objective on Lyft in a research report on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.63.

Lyft Trading Down 4.8%

Lyft stock opened at $13.18 on Friday. The business has a 50 day moving average price of $16.68 and a two-hundred day moving average price of $18.94. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.31. Lyft, Inc. has a 12 month low of $9.66 and a 12 month high of $25.54. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 1.93, a price-to-earnings-growth ratio of 0.83 and a beta of 1.92.

Lyft declared that its board has initiated a stock buyback program on Tuesday, February 10th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the ride-sharing company to buy up to 15.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Lyft

In other news, CEO John David Risher bought 5,030 shares of Lyft stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of $19.80 per share, with a total value of $99,594.00. Following the completion of the transaction, the chief executive officer directly owned 11,802,296 shares in the company, valued at $233,685,460.80. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 5,284 shares of Lyft stock in a transaction on Friday, February 27th. The stock was sold at an average price of $13.83, for a total transaction of $73,077.72. Following the sale, the chief accounting officer owned 300,570 shares in the company, valued at $4,156,883.10. This represents a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 31,038 shares of company stock valued at $416,841. Company insiders own 3.07% of the company’s stock.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft acquired Motivate, a large bike‑sharing operator — this expands Lyft’s multimodal offerings (bikes/scooters) and could boost revenue diversification and market share in urban micromobility if integration succeeds. Lyft pulls an Uber and acquires Motivate, a bike-sharing company
• Neutral Sentiment: Analyses of Q4 and gig‑economy trends note operational momentum but mixed fundamentals — useful context but not a single decisive catalyst. Investors will watch whether revenue gains translate to sustained profitability. Spotting Winners: Lyft And Gig Economy Stocks In Q4
• Negative Sentiment: Mizuho cut its price target on LYFT to $15.00 — analyst downgrades or target cuts can pressure sentiment and prompt selling from funds that track analyst guidance. Mizuho Cuts Lyft Price Target
• Negative Sentiment: U.S. House committee opened an investigation into secret use of AI for surveillance/pricing at ride‑hailing firms — regulatory and reputational risk could lead to fines, compliance costs, or constraints on dynamic pricing models. U.S. probes secret AI use
• Negative Sentiment: Multiple lawsuits and safety/PR incidents reported (hit‑and‑run suits, scooter rider lawsuit, discrimination complaints from blind/low‑vision riders) — legal exposure and bad press raise costs and could depress consumer demand. Scooter rider sues Lyft Man sues Lyft for hit-and-run Discrimination complaints
• Negative Sentiment: Rising ride costs (nearly 10% last year) are causing riders to cut back — weaker demand growth risks margin pressure and slower revenue recovery. Rides cost rise and demand cutbacks
• Negative Sentiment: Insider selling disclosed (board director sold ~2,093 shares) — small transaction but can add to negative sentiment when combined with other sell signals. Insider selling
• Negative Sentiment: Retail commentary and articles raising bankruptcy speculation amplify bearish sentiment despite operational notes — elevates volatility and may deter marginal buyers. Bankruptcy speculation article

Lyft 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.