Sanctuary Advisors LLC Purchases 969 Shares of Lyft, Inc. (NASDAQ:LYFT)

Sanctuary Advisors LLC grew its stake in Lyft, Inc. (NASDAQ:LYFT) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,454 shares of the ride-sharing company’s stock after purchasing an additional 969 shares during the period. Sanctuary Advisors LLC’s holdings in Lyft were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Sunbelt Securities Inc. bought a new stake in shares of Lyft in the 3rd quarter valued at approximately $70,000. Public Employees Retirement System of Ohio lifted its stake in shares of Lyft by 87.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 260,374 shares of the ride-sharing company’s stock valued at $3,320,000 after purchasing an additional 121,142 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Lyft in the 3rd quarter valued at approximately $1,838,000. Main Management ETF Advisors LLC bought a new stake in shares of Lyft in the 3rd quarter valued at approximately $881,000. Finally, XTX Topco Ltd lifted its stake in shares of Lyft by 2.5% in the 3rd quarter. XTX Topco Ltd now owns 42,203 shares of the ride-sharing company’s stock valued at $538,000 after purchasing an additional 1,043 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

Lyft Stock Performance

NASDAQ:LYFT opened at $13.31 on Friday. The firm has a market capitalization of $5.52 billion, a PE ratio of -83.19, a price-to-earnings-growth ratio of 4.10 and a beta of 2.08. The business’s fifty day moving average price is $15.46 and its 200 day moving average price is $13.46. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.75 and a quick ratio of 0.75. Lyft, Inc. has a 12 month low of $8.93 and a 12 month high of $20.82.

Lyft (NASDAQ:LYFT) last posted its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. Lyft’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) earnings per share. On average, sell-side analysts anticipate that Lyft, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LYFT. Barclays increased their price target on Lyft from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Evercore ISI increased their price target on Lyft from $17.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. TD Cowen increased their price target on Lyft from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of Lyft in a report on Thursday, November 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $20.00 price target (up from $12.00) on shares of Lyft in a report on Thursday, November 7th. Twenty-eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.77.

Insiders Place Their Bets

In other news, CAO Lisa Blackwood-Kapral sold 9,081 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.02, for a total transaction of $163,639.62. Following the completion of the sale, the chief accounting officer now owns 332,243 shares in the company, valued at approximately $5,987,018.86. This represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lindsay Catherine Llewellyn sold 4,242 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $17.76, for a total transaction of $75,337.92. Following the sale, the insider now owns 755,847 shares of the company’s stock, valued at $13,423,842.72. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,242 shares of company stock valued at $427,330. 3.07% of the stock is currently owned by insiders.

Lyft 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.