UMB Bank n.a. Acquires Shares of 24,568 Lyft, Inc. (NASDAQ:LYFT)

UMB Bank n.a. acquired a new stake in Lyft, Inc. (NASDAQ:LYFT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,568 shares of the ride-sharing company's stock, valued at approximately $292,000.

A number of other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. boosted its stake in shares of Lyft by 3.8% in the 4th quarter. QRG Capital Management Inc. now owns 24,493 shares of the ride-sharing company's stock valued at $316,000 after purchasing an additional 903 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Lyft by 6.4% in the 4th quarter. Guggenheim Capital LLC now owns 16,023 shares of the ride-sharing company's stock valued at $207,000 after purchasing an additional 970 shares during the last quarter. US Bancorp DE boosted its stake in shares of Lyft by 2.6% in the 4th quarter. US Bancorp DE now owns 41,539 shares of the ride-sharing company's stock valued at $536,000 after purchasing an additional 1,045 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Lyft by 42.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 3,538 shares of the ride-sharing company's stock worth $46,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in Lyft by 13.8% during the fourth quarter. Manchester Capital Management LLC now owns 8,879 shares of the ride-sharing company's stock worth $115,000 after acquiring an additional 1,080 shares in the last quarter. 83.07% of the stock is owned by institutional investors.

Lyft Price Performance

LYFT traded down $0.66 on Friday, reaching $14.78. The company had a trading volume of 12,715,401 shares, compared to its average volume of 16,114,849. The business has a 50 day simple moving average of $13.92 and a 200 day simple moving average of $13.61. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 246.33, a P/E/G ratio of 1.90 and a beta of 2.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.75 and a current ratio of 0.76. Lyft, Inc. has a 52-week low of $8.93 and a 52-week high of $19.07.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LYFT. The Goldman Sachs Group raised shares of Lyft from a "neutral" rating to a "buy" rating and set a $20.00 target price on the stock in a research note on Friday, May 9th. Needham & Company LLC restated a "hold" rating on shares of Lyft in a report on Friday, May 9th. Wall Street Zen downgraded shares of Lyft from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Susquehanna upped their price objective on shares of Lyft from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Finally, DA Davidson restated a "neutral" rating and set a $15.00 price objective on shares of Lyft in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, twenty-six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $16.40.

Insider Activity at Lyft

In other Lyft news, Director John Patrick Zimmer sold 2,424 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $15.80, for a total value of $38,299.20. Following the transaction, the director now owns 879,498 shares in the company, valued at approximately $13,896,068.40. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lindsay Catherine Llewellyn sold 22,736 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $12.45, for a total transaction of $283,063.20. Following the transaction, the insider now directly owns 959,697 shares in the company, valued at approximately $11,948,227.65. The trade was a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,732 shares of company stock valued at $347,159 over the last three months. 3.07% of the stock is owned by corporate insiders.

Lyft 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.