Lyft (NASDAQ:LYFT) CAO Sells $73,077.72 in Stock

Lyft, Inc. (NASDAQ:LYFT) CAO Stephen Hope sold 5,284 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 300,570 shares in the company, valued at $4,156,883.10. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Lyft Price Performance

Shares of Lyft stock traded down $0.52 during midday trading on Tuesday, reaching $13.21. The company had a trading volume of 24,647,699 shares, compared to its average volume of 20,501,226. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $16.92 and a 200 day simple moving average of $19.02. Lyft, Inc. has a 1-year low of $9.66 and a 1-year high of $25.54. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 1.94, a price-to-earnings-growth ratio of 0.83 and a beta of 1.92.

Lyft announced that its board has authorized a share repurchase program on Tuesday, February 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the ride-sharing company to reacquire up to 15.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Guggenheim lowered their price objective on Lyft from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. BMO Capital Markets raised their target price on shares of Lyft from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Wells Fargo & Company lowered their price target on shares of Lyft from $26.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Wall Street Zen lowered shares of Lyft from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Wedbush reduced their price objective on shares of Lyft from $16.00 to $13.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LYFT. Amalgamated Bank increased its stake in Lyft by 2.5% in the third quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company’s stock valued at $477,000 after purchasing an additional 534 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Lyft by 23.2% during the third quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after purchasing an additional 639 shares in the last quarter. CI Investments Inc. grew its holdings in shares of Lyft by 39.1% in the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock valued at $51,000 after buying an additional 653 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Lyft by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock valued at $248,000 after buying an additional 681 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC increased its position in shares of Lyft by 4.3% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock valued at $352,000 after buying an additional 756 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Short-term demand promotions: Lyft is running free rides across the Washington, D.C. area for St. Patrick’s Day and a 50% off promotion in Kansas (code “TRANSJOY”), efforts that could lift near‑term ridership and PR. Free Lyft rides offered across DC area for St. Patrick’s Day Lyft offers Kansas riders 50% off
• Neutral Sentiment: Talent movement: A former Lyft product leader (Rob Rekrutiak) was named CPO at GetYourGuide — notable for industry talent flow but not a direct company performance indicator. GetYourGuide Appoints Rob Rekrutiak
• Negative Sentiment: Analyst price target cut: Mizuho lowered its Lyft price target from $16 to $15 and kept a “neutral” rating, trimming upside and potentially weighing on investor sentiment. Mizuho cuts price target on Lyft
• Negative Sentiment: Insider selling: CAO Stephen Hope sold 5,284 shares (~$73k) and director Jill Beggs sold 2,093 shares (~$29k) on Feb. 27; both filings show reduced insider positions. Insider sales can be interpreted as negative near term even though insiders retain large holdings. Stephen Hope Form 4 Jill Beggs Form 4
• Negative Sentiment: Driver safety incidents: Multiple local reports of attacks on Lyft drivers (Cleveland area and other local coverage) may raise concerns about driver safety, retention, insurance and potential regulatory scrutiny — a reputational and cost risk. Lyft driver wants ‘no part of’ Cleveland rider’s drama I-TEAM: Yet another local Lyft driver attacked

About Lyft

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.