41,251 Shares in Lyft, Inc. $LYFT Acquired by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC has invested $650,000 in Lyft, acquiring 41,251 shares of the company in the second quarter.
• CEO John David Risher bought 5,926 shares of Lyft stock, increasing his total ownership in the company, while insider Lindsay Catherine Llewellyn sold 28,356 shares.
• Lyft's stock has seen mixed analyst ratings, with a majority of analysts currently rating it as a "Hold," and the average price target set at $17.07.

Krilogy Financial LLC bought a new position in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,251 shares of the ride-sharing company's stock, valued at approximately $650,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYFT. Neuberger Berman Group LLC raised its position in Lyft by 3.7% during the 1st quarter. Neuberger Berman Group LLC now owns 24,441 shares of the ride-sharing company's stock worth $290,000 after purchasing an additional 868 shares during the last quarter. Amalgamated Bank raised its position in Lyft by 4.0% during the 1st quarter. Amalgamated Bank now owns 23,344 shares of the ride-sharing company's stock worth $277,000 after purchasing an additional 892 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in Lyft by 11.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,025 shares of the ride-sharing company's stock worth $107,000 after purchasing an additional 914 shares during the last quarter. Parallel Advisors LLC raised its position in Lyft by 39.4% during the 2nd quarter. Parallel Advisors LLC now owns 4,107 shares of the ride-sharing company's stock worth $65,000 after purchasing an additional 1,160 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Lyft by 162.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,943 shares of the ride-sharing company's stock worth $31,000 after purchasing an additional 1,203 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lyft news, insider Lindsay Catherine Llewellyn sold 28,356 shares of Lyft stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $15.85, for a total transaction of $449,442.60. Following the transaction, the insider owned 850,388 shares of the company's stock, valued at $13,478,649.80. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John David Risher bought 5,926 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were purchased at an average cost of $16.88 per share, for a total transaction of $100,030.88. Following the transaction, the chief executive officer owned 11,797,266 shares in the company, valued at approximately $199,137,850.08. This represents a 0.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 74,427 shares of company stock valued at $1,252,686 in the last 90 days. 3.07% of the stock is currently owned by corporate insiders.

Lyft Stock Up 2.8%

Shares of LYFT traded up $0.62 during trading hours on Friday, hitting $22.58. The stock had a trading volume of 28,599,235 shares, compared to its average volume of 25,427,384. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $16.11 and a 200-day simple moving average of $14.52. The firm has a market capitalization of $9.18 billion, a P/E ratio of 94.09, a price-to-earnings-growth ratio of 3.44 and a beta of 2.33. Lyft, Inc. has a 1-year low of $9.66 and a 1-year high of $23.50.

Lyft (NASDAQ:LYFT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.17). Lyft had a net margin of 1.51% and a return on equity of 14.32%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.24 EPS. Lyft's revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts predict that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LYFT has been the subject of several analyst reports. Morgan Stanley raised their target price on Lyft from $19.00 to $20.50 and gave the stock an "equal weight" rating in a research report on Thursday, September 11th. Sanford C. Bernstein raised their target price on Lyft from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Roth Capital raised Lyft from a "neutral" rating to a "buy" rating and set a $19.00 price objective on the stock in a research note on Thursday, August 7th. BMO Capital Markets boosted their price objective on Lyft from $16.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $21.00 price objective on shares of Lyft in a research note on Thursday, June 5th. Nine investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.30.

Lyft Company Profile

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.