Quantinno Capital Management LP Buys 114,582 Shares of Lyft, Inc. $LYFT

Quantinno Capital Management LP raised its stake in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 342,430 shares of the ride-sharing company's stock after buying an additional 114,582 shares during the period. Quantinno Capital Management LP owned about 0.09% of Lyft worth $4,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LYFT. University of Texas Texas AM Investment Management Co. purchased a new stake in Lyft during the fourth quarter valued at $26,000. Boreal Capital Management LLC purchased a new position in Lyft in the first quarter worth about $31,000. Bessemer Group Inc. boosted 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 worth $35,000 after purchasing an additional 2,500 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Lyft during the 4th quarter valued at about $40,000. Finally, Huntington National Bank grew its stake in shares of Lyft by 171.8% during the 4th quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 1,374 shares during the period. 83.07% of the stock is owned by institutional investors.

Lyft Stock Down 1.1%

Shares of LYFT opened at $16.30 on Friday. The business's 50 day moving average is $14.88 and its 200 day moving average is $14.53. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. Lyft, Inc. has a 12-month low of $12.46 and a 12-month high of $25.54. The company has a market capitalization of $6.19 billion, a PE ratio of 2.38, a price-to-earnings-growth ratio of 0.98 and a beta of 1.80.

Lyft (NASDAQ:LYFT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.01). Lyft had a net margin of 43.82% and a negative return on equity of 2.09%. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the business earned $0.10 earnings per share. The company's quarterly revenue was up 16.1% compared to the same quarter last year. Research analysts expect that Lyft, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Activity at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 36,214 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $16.14, for a total transaction of $584,493.96. Following the completion of the transaction, the insider owned 817,517 shares of the company's stock, valued at $13,194,724.38. This represents a 4.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen W. Hope sold 5,460 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total value of $75,129.60. Following the transaction, the chief accounting officer owned 335,463 shares of the company's stock, valued at approximately $4,615,970.88. The trade was a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 81,749 shares of company stock valued at $1,221,950. Insiders own 0.92% of the company's stock.

Key Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft reported second-quarter revenue of approximately $1.84 billion, up 16.1% year over year and ahead of the $1.81 billion analyst estimate. The company also reported record active riders, supported by demand for higher-value rides, international expansion, and partnerships. Lyft signals steady demand as second-quarter revenue tops estimates
• Positive Sentiment: Second-quarter gross bookings climbed to about $5.5 billion. Lyft’s outlook for the current quarter calls for bookings growth that is slightly above Wall Street expectations, potentially signaling continued demand despite a more cautious growth trajectory. Lyft signals steady demand as second-quarter revenue tops estimates
• Neutral Sentiment: Lyft highlighted record quarterly growth and profitability gains, but reported metrics were mixed. Investors will likely focus on whether higher-value rides and international operations can sustain growth while the company expands its platform. Lyft Reports Record Q2 Growth and Profitability Gains
• Negative Sentiment: Adjusted second-quarter earnings fell short of expectations. Zacks cited EPS of $0.29 versus a $0.39 consensus estimate; another report cited $0.13 versus $0.14. Although earnings improved from the prior year, the miss raises concerns about cost control and profit growth. Lyft Misses Q2 Earnings Estimates
• Negative Sentiment: Management expects current-quarter bookings growth of roughly 15% to 19%, indicating a slowdown from the recent pace. That moderation may limit enthusiasm despite the revenue beat and slightly favorable bookings outlook. Lyft's Bookings Climb, But Expects Growth to Moderate
• Negative Sentiment: Insider Lindsay Catherine Llewellyn sold 36,214 shares worth approximately $584,494 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and the insider retained more than 817,000 shares, its impact is likely limited, but it may add modest sentiment pressure. Lyft Insider Sale

Analysts Set New Price Targets

LYFT has been the topic of several recent research reports. DA Davidson lowered their price objective on shares of Lyft from $19.00 to $14.50 and set a "neutral" rating on the stock in a research note on Monday, May 18th. Guggenheim restated a "buy" rating on shares of Lyft in a research report on Wednesday, June 10th. Zacks Research cut shares of Lyft from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 7th. Tigress Financial reiterated a "buy" rating and issued a $28.00 price target on shares of Lyft in a research report on Wednesday, June 24th. Finally, Sanford C. Bernstein assumed coverage on shares of Lyft in a research note on Wednesday, June 17th. They set an "underperform" rating on the stock. Twelve investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.43.

Lyft 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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