Meridiem Capital Partners LP Purchases Shares of 930,831 Lyft, Inc. $LYFT

Key Points

• Meridiem Capital Partners LP acquired a new position of 930,831 shares of Lyft in Q3, valued at about $20.49 million, representing roughly 0.23% of the company.
• Lyft's board authorized a $1.0 billion share buyback program that allows repurchase of up to 15.1% of outstanding shares, a move that typically signals management sees the stock as undervalued.
• Insiders have sold 31,038 shares (≈$416,841) in the past 90 days and now own 3.07%, while institutions own about 83.07%; the stock trades near $13.12 with a market cap of roughly $5.22 billion and a P/E of 1.92.

Meridiem Capital Partners LP acquired a new position in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 930,831 shares of the ride-sharing company's stock, valued at approximately $20,488,000. Meridiem Capital Partners LP owned approximately 0.23% of Lyft as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LYFT. Amalgamated Bank lifted its stake in Lyft by 2.5% in the third quarter. Amalgamated Bank now owns 21,652 shares of the ride-sharing company's stock worth $477,000 after acquiring an additional 534 shares during the last quarter. CI Investments Inc. increased its position in shares of Lyft by 39.1% in the 3rd quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company's stock valued at $51,000 after purchasing an additional 653 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Lyft by 2.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 35,372 shares of the ride-sharing company's stock valued at $779,000 after purchasing an additional 836 shares in the last quarter. Earned Wealth Advisors LLC raised its holdings in shares of Lyft by 4.8% in the 3rd quarter. Earned Wealth Advisors LLC now owns 19,164 shares of the ride-sharing company's stock valued at $422,000 after purchasing an additional 881 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in shares of Lyft by 3.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 24,688 shares of the ride-sharing company's stock worth $389,000 after purchasing an additional 909 shares during the last quarter. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Lyft Stock Performance

NASDAQ LYFT traded up $0.17 on Friday, reaching $13.12. The stock had a trading volume of 1,403,653 shares, compared to its average volume of 16,493,420. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.65. Lyft, Inc. has a 12-month low of $9.66 and a 12-month high of $25.54. The business's 50-day moving average price is $16.07 and its 200 day moving average price is $18.85. The stock has a market cap of $5.22 billion, a P/E ratio of 1.92, a price-to-earnings-growth ratio of 0.80 and a beta of 1.92.

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

Insider Activity

In related news, Director Jill Beggs sold 2,093 shares of the company's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $13.89, for a total value of $29,071.77. Following the completion of the sale, the director owned 32,185 shares in the company, valued at $447,049.65. This represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lindsay Catherine Llewellyn sold 23,661 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $13.30, for a total transaction of $314,691.30. Following the completion of the sale, the insider owned 696,850 shares of the company's stock, valued at approximately $9,268,105. This trade represents a 3.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,038 shares of company stock valued at $416,841 in the last ninety days. 3.07% of the stock is currently owned by company insiders.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft agreed to guarantee rides for passengers with service animals nationwide after a high-profile Minnesota settlement, a policy change that reduces future litigation and regulatory risk and improves reputation among disability-rights advocates. Article Title
• Positive Sentiment: Safety and demand-support initiatives — Lyft partnered with road-safety groups for St. Patrick’s Day and will be part of Nevada’s safe-driving program offering discounted rides — moves that can boost short-term weekend volume and public perception. Article Title
• Neutral Sentiment: Broader industry commentary on unprofitable growth names highlights investor caution toward high-spend mobility firms; the piece is general but worth noting as part of sentiment toward growth stocks. Article Title
• Negative Sentiment: Los Angeles International Airport approved a rideshare fee hike that will raise the per-ride cost to reach LAX, a change that could meaningfully raise consumer fares for Lyft trips to/from the airport and pressure ride volumes or margins. Article Title
• Negative Sentiment: Lyft reached a Minnesota settlement (reported payouts around $63K) after a blind rider with a service dog was denied, creating a near-term financial and reputational hit despite the policy fixes. Article Title
• Negative Sentiment: Analyst coverage notes LYFT has lagged since the last earnings report (~30 days ago), reflecting investor concern on near-term growth and margins; that pressure still influences trading despite the positive PR moves. Article Title

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group reiterated a "neutral" rating on shares of Lyft in a research note on Monday, February 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Lyft in a report on Wednesday, February 11th. Roth Mkm set a $22.00 price objective on Lyft in a research report on Wednesday, February 11th. Evercore set a $21.00 price objective on Lyft in a report on Wednesday, February 11th. Finally, TD Cowen reissued a "buy" rating on shares of Lyft in a research report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $19.63.

About Lyft

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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