Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek Sells 3,000 Shares of Stock

Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $13.81, for a total value of $41,430.00. Following the transaction, the president now owns 47,778 shares in the company, valued at $659,814.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kristin Sverchek also recently made the following trade(s):

• On Friday, June 28th, Kristin Sverchek sold 3,500 shares of Lyft stock. The stock was sold at an average price of $14.01, for a total value of $49,035.00.
• On Monday, June 3rd, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $15.77, for a total value of $102,505.00.
• On Friday, May 3rd, Kristin Sverchek sold 3,500 shares of Lyft stock. The shares were sold at an average price of $17.50, for a total value of $61,250.00.
• On Wednesday, May 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $15.54, for a total value of $101,010.00.

Lyft Trading Down 4.1 %

NASDAQ:LYFT opened at $13.40 on Wednesday. The business’s fifty day moving average price is $15.58 and its 200 day moving average price is $15.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. Lyft, Inc. has a 12 month low of $8.85 and a 12 month high of $20.82.

Lyft (NASDAQ:LYFT) last posted its earnings results on Tuesday, May 7th. The ride-sharing company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.09. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.17 billion. Lyft had a negative return on equity of 23.77% and a negative net margin of 3.94%. Analysts anticipate that Lyft, Inc. will post -0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lyft

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Lyft by 3.7% in the third quarter. Vanguard Group Inc. now owns 31,457,522 shares of the ride-sharing company’s stock valued at $331,562,000 after buying an additional 1,135,036 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Lyft in the third quarter valued at $1,224,000. Corient Private Wealth LLC boosted its stake in Lyft by 163.9% in the fourth quarter. Corient Private Wealth LLC now owns 100,826 shares of the ride-sharing company’s stock valued at $1,511,000 after acquiring an additional 62,623 shares in the last quarter. Range Financial Group LLC acquired a new position in Lyft in the first quarter valued at $470,000. Finally, Kodai Capital Management LP acquired a new position in Lyft in the fourth quarter valued at $26,069,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LYFT shares. Fox Advisors upgraded Lyft from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Friday, June 7th. Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a report on Friday, June 7th. The Goldman Sachs Group upped their price objective on Lyft from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Bank of America upgraded Lyft from an “underperform” rating to a “buy” rating and upped their price objective for the company from $15.00 to $20.00 in a report on Friday, June 7th. Finally, Truist Financial upped their price target on Lyft from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.00.

Lyft Company 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.