Shares of LYFT Inc (NASDAQ:LYFT) rose 6.4% during mid-day trading on Thursday . The stock traded as high as $46.83 and last traded at $46.76, approximately 10,833,000 shares were traded during trading. An increase of 62% from the average daily volume of 6,694,374 shares. The stock had previously closed at $43.95.

Several research analysts recently weighed in on LYFT shares. Morgan Stanley started coverage on LYFT in a research report on Thursday, October 24th. They issued an “equal weight” rating and a $50.00 target price on the stock. Citigroup increased their target price on LYFT from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Credit Suisse Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of LYFT in a research report on Wednesday, November 13th. Piper Jaffray Companies increased their target price on LYFT from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, Wells Fargo & Co started coverage on LYFT in a research report on Thursday, September 26th. They issued an “outperform” rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have assigned a buy rating to the stock. LYFT presently has a consensus rating of “Buy” and a consensus target price of $69.39.

The firm has a 50-day simple moving average of $41.96 and a 200 day simple moving average of $52.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.49 and a quick ratio of 1.49.

LYFT (NASDAQ:LYFT) last released its quarterly earnings data on Wednesday, October 30th. The ride-sharing company reported ($1.57) EPS for the quarter, beating the consensus estimate of ($1.66) by $0.09. The company had revenue of $955.60 million during the quarter, compared to analysts’ expectations of $915.15 million. LYFT’s revenue was up 63.4% compared to the same quarter last year. As a group, equities research analysts anticipate that LYFT Inc will post -10.59 EPS for the current fiscal year.

In other news, EVP Ran I. Makavy sold 35,000 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $43.23, for a total transaction of $1,513,050.00. Also, General Counsel Kristin Sverchek sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $47.97, for a total value of $287,820.00. Following the sale, the general counsel now owns 206,969 shares of the company’s stock, valued at $9,928,302.93. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock worth $4,717,220 over the last three months.

Institutional investors have recently made changes to their positions in the company. Coastal Investment Advisors Inc. grew its stake in shares of LYFT by 451.2% during the third quarter. Coastal Investment Advisors Inc. now owns 700 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 573 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of LYFT during the second quarter valued at about $34,000. Flagship Harbor Advisors LLC acquired a new stake in shares of LYFT during the second quarter valued at about $37,000. RPG Investment Advisory LLC grew its stake in shares of LYFT by 500.0% during the second quarter. RPG Investment Advisory LLC now owns 600 shares of the ride-sharing company’s stock valued at $38,000 after acquiring an additional 500 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new stake in shares of LYFT during the second quarter valued at about $38,000. Institutional investors own 37.52% of the company’s stock.

LYFT Company Profile (NASDAQ:LYFT)

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.

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