Ausdal Financial Partners Inc. Purchases Shares of 293,605 Lyft, Inc. $LYFT

Key Points

• Ausdal Financial Partners purchased a new stake of 293,605 shares in Lyft during the third quarter, valued at about $6.46 million, representing roughly 0.07% of the company.
• Lyft's Board authorized a $1.00 billion share buyback program that could repurchase up to 15.1% of outstanding shares, signaling management believes the stock may be undervalued.
• Analysts remain cautious: consensus rating is Hold with a $19.63 average price target after multiple firms trimmed their estimates.

Ausdal Financial Partners Inc. purchased a new stake in Lyft, Inc. (NASDAQ:LYFT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 293,605 shares of the ride-sharing company's stock, valued at approximately $6,462,000. Ausdal Financial Partners Inc. owned about 0.07% of Lyft as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC lifted its position in shares of Lyft by 7.4% during the 3rd quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company's stock worth $567,492,000 after purchasing an additional 1,773,438 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lyft by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company's stock valued at $104,561,000 after buying an additional 20,354 shares during the last quarter. Marshall Wace LLP increased its position in Lyft by 75.7% in the 2nd quarter. Marshall Wace LLP now owns 5,464,934 shares of the ride-sharing company's stock worth $86,127,000 after buying an additional 2,353,769 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Lyft by 9.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,336,110 shares of the ride-sharing company's stock worth $95,459,000 after buying an additional 381,461 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Lyft by 479.1% during the third quarter. Victory Capital Management Inc. now owns 3,580,564 shares of the ride-sharing company's stock worth $78,808,000 after buying an additional 2,962,266 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors.

Insider Transactions at Lyft

In other news, Director Jill Beggs sold 2,093 shares of the firm's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $13.89, for a total transaction of $29,071.77. Following the completion of the transaction, the director directly owned 32,185 shares of the company's stock, valued at approximately $447,049.65. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $13.30, for a total transaction of $314,691.30. Following the sale, the insider owned 696,850 shares in the company, valued at approximately $9,268,105. This trade represents a 3.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 31,038 shares of company stock valued at $416,841. Company insiders own 3.07% of the company's stock.

Lyft Stock Performance

Shares of NASDAQ LYFT opened at $13.07 on Friday. The business has a fifty day simple moving average of $15.94 and a 200 day simple moving average of $18.83. 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 firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 1.92, a PEG ratio of 0.79 and a beta of 1.92. Lyft, Inc. has a one year low of $9.66 and a one year high of $25.54.

Lyft declared that its Board of Directors has initiated a share buyback program on Tuesday, February 10th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the ride-sharing company to purchase up to 15.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Technicals suggest a potential bottom around current levels — market commentary highlights bullish MACD/RSI signals and a possible triple-bottom pattern that can attract momentum buyers. (Market technicals may be driving some of today's buying pressure)
• Positive Sentiment: Lyft is participating in safe-driving promotions (Nevada St. Patrick’s Day discounts) and partnering with safety groups for holiday campaigns, which can boost short-term rides and positive PR. Nevada safe-driving initiative offering Lyft discounts
• Neutral Sentiment: Lyft reached a settlement in Minnesota that includes new commitments to guarantee rides for passengers with service animals nationwide — this reduces regulatory/reputational risk going forward but creates uncertainty around implementation and training costs. How a service dog named Alfred sparked a Lyft settlement
• Negative Sentiment: The Minnesota case also led to a payout and penalties (reported roughly $63K in one local story) and highlights litigation/reputational costs tied to ADA compliance — near-term legal and remediation expenses weigh on sentiment. Lyft slapped with $63K payout after Minnesota guide dog rider left stranded
• Negative Sentiment: Los Angeles International Airport approved higher rideshare fees that could push fares up and/or reduce demand for airport trips — a localized cost/volume headwind for Lyft and Uber. Uber and Lyft fees to LAX are going up
• Negative Sentiment: Fundamentals remain a caution: coverage noting LYFT is down since the last earnings report and questions around profitability/expense control persist, which could limit upside until earnings improve. Lyft down since last earnings report

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LYFT shares. Royal Bank Of Canada lowered their price objective on shares of Lyft from $27.00 to $22.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 11th. Guggenheim cut their target price on shares of Lyft from $26.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. Wells Fargo & Company decreased their price target on shares of Lyft from $26.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 11th. Mizuho dropped their price objective on shares of Lyft from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. Finally, Truist Financial cut their price objective on shares of Lyft from $23.00 to $18.00 and set a "hold" rating for the company in a research report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lyft presently has a consensus rating of "Hold" and a consensus price target of $19.63.

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.

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