Lyft, Inc. $LYFT Stake Raised by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its stake in Lyft, Inc. (NASDAQ:LYFT) by 546.2% during the third quarter, Holdings Channel.com reports. The fund owned 118,384 shares of the ride-sharing company’s stock after acquiring an additional 100,063 shares during the period. Fulcrum Asset Management LLP’s holdings in Lyft were worth $1,784,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Plato Investment Management Ltd purchased a new position in shares of Lyft during the 2nd quarter worth approximately $27,000. Heritage Family Offices LLP acquired a new stake in Lyft in the 3rd quarter valued at approximately $29,000. Boreal Capital Management LLC acquired a new stake in Lyft in the 1st quarter valued at approximately $31,000. Signaturefd LLC raised its position in Lyft by 166.5% in the third quarter. Signaturefd LLC now owns 2,593 shares of the ride-sharing company’s stock valued at $39,000 after purchasing an additional 1,620 shares during the period. Finally, Bessemer Group Inc. raised its position in Lyft by 1,851.9% in the first quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock valued at $35,000 after purchasing an additional 2,500 shares during the period. 83.07% of the stock is currently owned by institutional investors and hedge funds.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft’s third-quarter revenue rose 8.1%, with record rides, higher gross bookings and improving adjusted EBITDA indicating operating momentum, despite an earnings setback. Zacks article
• Positive Sentiment: Lyft launched Lyft Go, a membership offering 8% back on rides and orders, which could support customer loyalty and spending. Lyft Go article
• Neutral Sentiment: Lyft’s CEO is scheduled to participate in a fireside chat at the 2026 RBC Capital Markets conference; no specific new business or financial guidance was reported. Conference announcement
• Negative Sentiment: The DOJ sued Lyft, alleging the company and its drivers routinely denied rides to people using stowable wheelchairs or traveling with service animals, in violation of the Americans with Disabilities Act. The government is seeking $53 million; Lyft disputes the allegations. The suit could bring legal costs, penalties and reputational damage. Department of Justice announcement
• Negative Sentiment: Analyst sentiment was mixed to cautious: Fox Advisors downgraded Lyft to “equal weight,” while Canaccord raised its price target to $17 from $16 but retained a “hold” rating. Recent coverage also noted Lyft’s quarterly earnings miss. Coverage of the lawsuit

Lyft Trading Up 1.6%

Shares of LYFT stock opened at $17.02 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.60. The stock has a market capitalization of $6.44 billion, a P/E ratio of 119.71, a price-to-earnings-growth ratio of 1.04 and a beta of 2.06. The company has a 50 day moving average price of $16.18 and a 200 day moving average price of $15.11. Lyft, Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $25.54.

Lyft (NASDAQ:LYFT) last announced its earnings results on Thursday, November 5th. The ride-sharing company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Lyft had a return on equity of 1.25% and a net margin of 40.67%. Lyft’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. Equities research analysts predict that Lyft, Inc. will post 0.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lyft news, Director David Lawee sold 4,613 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $17.33, for a total value of $79,943.29. Following the completion of the transaction, the director owned 119,124 shares in the company, valued at $2,064,418.92. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen Hope sold 5,982 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.34, for a total value of $103,727.88. Following the sale, the chief accounting officer directly owned 299,974 shares in the company, valued at $5,201,549.16. This represents a 1.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 61,586 shares of company stock valued at $1,024,326. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Susquehanna restated a “neutral” rating on shares of Lyft in a research note on Monday. UBS Group lifted their price objective on Lyft from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, November 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Lyft in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 target price on shares of Lyft in a research note on Tuesday, August 18th. Finally, Canaccord Genuity Group increased their target price on Lyft from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Monday. Ten analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.89.

Lyft Profile

Lyft operates a mobile platform that connects people seeking transportation with drivers who provide rides. Through its app, customers can request on-demand trips, schedule rides in advance, and access other ride options where available. The company also offers Lyft Pink, a membership program with benefits for eligible rides and services. Lyft provides transportation programs for businesses and organizations through Lyft Business, including tools for arranging and managing rides. The company’s platform primarily serves markets in the United States and Canada.