Lindsay Catherine Llewellyn Sells 11,491 Shares of Lyft (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 11,491 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $13.69, for a total value of $157,311.79. Following the sale, the insider owned 865,222 shares in the company, valued at $11,844,889.18. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lindsay Catherine Llewellyn also recently made the following trade(s):

• On Friday, April 17th, Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock. The shares were sold at an average price of $15.00, for a total value of $354,915.00.

Lyft Price Performance

NASDAQ:LYFT opened at $14.11 on Friday. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $5.36 billion, a PE ratio of 2.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84. The stock’s 50-day moving average price is $13.74 and its 200-day moving average price is $16.49.

Lyft (NASDAQ:LYFT) last posted its earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.01 earnings per share. Lyft’s revenue was up 17.2% on a year-over-year basis. As a group, equities analysts expect that Lyft, Inc. will post 0.66 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on LYFT shares. Guggenheim lowered their price objective on Lyft from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. KeyCorp reiterated a “sector weight” rating on shares of Lyft in a report on Wednesday, February 11th. Canaccord Genuity Group lowered their price objective on Lyft from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Morgan Stanley set a $17.00 target price on shares of Lyft in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group decreased their target price on shares of Lyft from $20.00 to $15.50 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.83.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its position in shares of Lyft by 13.7% during the 1st quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock valued at $287,000 after buying an additional 2,921 shares during the period. Focus Partners Wealth raised its position in shares of Lyft by 44.0% during the 1st quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock valued at $607,000 after buying an additional 15,621 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Lyft during the 2nd quarter valued at approximately $470,000. Invesco Ltd. raised its position in shares of Lyft by 87.5% during the 2nd quarter. Invesco Ltd. now owns 1,064,930 shares of the ride-sharing company’s stock valued at $16,783,000 after buying an additional 497,118 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Lyft by 12.6% during the 2nd quarter. California Public Employees Retirement System now owns 709,188 shares of the ride-sharing company’s stock valued at $11,177,000 after buying an additional 79,634 shares during the period. 83.07% of the stock is owned by hedge funds and other institutional investors.

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.