Qsemble Capital Management LP Invests $152,000 in Lyft, Inc. (NASDAQ:LYFT)

Qsemble Capital Management LP bought a new stake in Lyft, Inc. (NASDAQ:LYFT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,781 shares of the ride-sharing company’s stock, valued at approximately $152,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Lyft by 42.9% in the first quarter. GAMMA Investing LLC now owns 2,213 shares of the ride-sharing company’s stock valued at $43,000 after acquiring an additional 664 shares during the last quarter. Commerce Bank increased its stake in Lyft by 2.9% in the fourth quarter. Commerce Bank now owns 27,633 shares of the ride-sharing company’s stock valued at $414,000 after purchasing an additional 782 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Lyft by 4.4% during the second quarter. Crossmark Global Holdings Inc. now owns 23,460 shares of the ride-sharing company’s stock worth $330,000 after acquiring an additional 993 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Lyft by 277.8% during the first quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Lyft by 6.1% during the second quarter. QRG Capital Management Inc. now owns 24,854 shares of the ride-sharing company’s stock worth $350,000 after purchasing an additional 1,437 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, President Kristin Sverchek sold 3,500 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $14.01, for a total transaction of $49,035.00. Following the transaction, the president now directly owns 50,778 shares in the company, valued at $711,399.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lyft news, insider Lindsay Catherine Llewellyn sold 8,486 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $11.76, for a total value of $99,795.36. Following the transaction, the insider now directly owns 764,332 shares in the company, valued at approximately $8,988,544.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Kristin Sverchek sold 3,500 shares of Lyft stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $14.01, for a total transaction of $49,035.00. Following the sale, the president now owns 50,778 shares of the company’s stock, valued at approximately $711,399.78. The disclosure for this sale can be found here. Insiders sold a total of 32,497 shares of company stock valued at $392,157 in the last quarter. Insiders own 3.07% of the company’s stock.

Lyft Stock Down 2.3 %

LYFT stock opened at $11.35 on Friday. The firm’s 50-day moving average is $11.65 and its two-hundred day moving average is $14.83. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of -24.15 and a beta of 2.04. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Lyft, Inc. has a 52 week low of $8.85 and a 52 week high of $20.82.

Lyft (NASDAQ:LYFT) last released its quarterly earnings data on Wednesday, August 7th. The ride-sharing company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Lyft had a negative return on equity of 8.57% and a negative net margin of 1.27%. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) earnings per share. On average, analysts forecast that Lyft, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LYFT. Citigroup decreased their price target on Lyft from $18.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group upped their price target on shares of Lyft from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of Lyft in a report on Wednesday, August 7th. Wolfe Research began coverage on Lyft in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Susquehanna cut their price objective on shares of Lyft from $18.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Twenty-six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.65.

About Lyft

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.