Janey Whiteside Sells 5,480 Shares of Lyft (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) Director Janey Whiteside sold 5,480 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $17.68, for a total transaction of $96,886.40. Following the sale, the director directly owned 60,704 shares in the company, valued at approximately $1,073,246.72. The trade was a 8.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Janey Whiteside also recently made the following trade(s):

• On Friday, August 7th, Janey Whiteside sold 14,220 shares of Lyft stock. The shares were sold at an average price of $17.00, for a total transaction of $241,740.00.

Lyft Stock Up 2.0%

LYFT opened at $17.70 on Friday. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 2.57, a PEG ratio of 1.07 and a beta of 1.80. The firm has a 50 day moving average price of $15.94 and a 200-day moving average price of $14.54. Lyft, Inc. has a twelve month low of $12.46 and a twelve month high of $25.54. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.33.

Lyft (NASDAQ:LYFT) 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 negative return on equity of 1.20% and a net margin of 42.32%.The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities research analysts forecast that Lyft, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Roth Capital restated a “buy” rating and issued a $25.00 price target (up from $23.00) on shares of Lyft in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $17.00 price objective on shares of Lyft in a research report on Monday, August 10th. Zacks Research raised Lyft from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Jefferies Financial Group raised their target price on Lyft from $15.00 to $15.50 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lyft in a research note on Monday, August 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LYFT. Strs Ohio raised its holdings in Lyft by 4,527.6% in the 4th quarter. Strs Ohio now owns 440,405 shares of the ride-sharing company’s stock worth $8,531,000 after purchasing an additional 430,888 shares during the period. Dimensional Fund Advisors LP lifted its position in Lyft by 58.0% during the first 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in Lyft by 36.6% during the first quarter. Bank of New York Mellon Corp now owns 2,289,671 shares of the ride-sharing company’s stock valued at $30,453,000 after purchasing an additional 613,494 shares during the period. West Tower Group LLC grew its holdings in Lyft by 207.6% during the first quarter. West Tower Group LLC now owns 138,432 shares of the ride-sharing company’s stock valued at $1,841,000 after purchasing an additional 93,432 shares during the period. Finally, OP Asset Management Ltd purchased a new stake in Lyft in the first quarter worth about $992,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

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.