Lyft, Inc. (NASDAQ:LYFT) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC decreased its holdings in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) by 81.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,060 shares of the ride-sharing company's stock after selling 69,764 shares during the period. Teza Capital Management LLC's holdings in Lyft were worth $207,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LYFT. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Lyft during the fourth quarter worth about $29,000. Byrne Asset Management LLC purchased a new stake in shares of Lyft during the fourth quarter worth about $35,000. Plato Investment Management Ltd purchased a new stake in shares of Lyft during the fourth quarter worth about $35,000. Harbour Investments Inc. boosted its position in Lyft by 259.7% in the fourth quarter. Harbour Investments Inc. now owns 2,770 shares of the ride-sharing company's stock valued at $36,000 after buying an additional 2,000 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Lyft in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 83.07% of the company's stock.

Insider Activity at Lyft

In related news, insider Lindsay Catherine Llewellyn sold 22,736 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $12.45, for a total value of $283,063.20. Following the completion of the transaction, the insider now directly owns 959,697 shares of the company's stock, valued at approximately $11,948,227.65. This represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Patrick Zimmer sold 2,424 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $12.52, for a total value of $30,348.48. Following the completion of the transaction, the director now directly owns 911,922 shares of the company's stock, valued at approximately $11,417,263.44. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,571 shares of company stock valued at $465,634. 3.07% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on LYFT shares. Morgan Stanley dropped their target price on Lyft from $17.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Barclays upped their target price on Lyft from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. BMO Capital Markets dropped their target price on Lyft from $18.00 to $15.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on Lyft from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group upgraded Lyft from a "neutral" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.63.

Lyft Price Performance

Shares of NASDAQ:LYFT traded up $0.11 during midday trading on Friday, reaching $16.10. 12,529,679 shares of the company's stock traded hands, compared to its average volume of 16,267,492. The company has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $13.80. Lyft, Inc. has a 1 year low of $8.93 and a 1 year high of $19.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 0.76. The company has a market cap of $6.73 billion, a P/E ratio of 268.33, a PEG ratio of 1.90 and a beta of 2.14.

Lyft (NASDAQ:LYFT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The ride-sharing company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.19). Lyft had a net margin of 0.39% and a return on equity of 8.03%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company posted $0.15 earnings per share. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts predict that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

Lyft announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 11th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the ride-sharing company to repurchase up to 8.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

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.