Janey Whiteside Sells 5,480 Shares of Lyft (NASDAQ:LYFT) Stock

Key Points

• Lyft director Janey Whiteside sold 5,480 shares at an average price of $17.68, generating $96,886.40. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced her holdings by 8.28% to 60,704 shares.
• Lyft shares recently traded at $17.35, with the company valued at approximately $6.57 billion. Its latest quarterly revenue rose 16.1% year over year to $1.84 billion, although earnings per share of $0.13 fell slightly short of analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from 37 analysts and an average price target of $19.80. Institutional investors own 83.07% of Lyft’s outstanding shares.

Lyft, Inc. (NASDAQ:LYFT - Get Free Report) Director Janey Whiteside sold 5,480 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $17.68, for a total value of $96,886.40. Following the transaction, the director owned 60,704 shares in the company, valued at approximately $1,073,246.72. This represents a 8.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Janey Whiteside also recently made the following trade(s):

• On Friday, August 7th, Janey Whiteside sold 14,220 shares of Lyft stock. The shares were sold at an average price of $17.00, for a total value of $241,740.00.

Lyft Stock Down 0.2%

Shares of NASDAQ:LYFT traded down $0.04 during mid-day trading on Thursday, hitting $17.35. 6,763,708 shares of the company traded hands, compared to its average volume of 11,348,915. The firm has a market cap of $6.57 billion, a P/E ratio of 2.52, a PEG ratio of 1.07 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. Lyft, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54. The firm's 50 day simple moving average is $15.87 and its 200 day simple moving average is $14.52.

Lyft (NASDAQ:LYFT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.01). Lyft had a negative return on equity of 1.20% and a net margin of 42.32%.The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company earned $0.10 EPS. The firm's revenue was up 16.1% compared to the same quarter last year. On average, equities analysts anticipate that Lyft, Inc. will post 0.73 EPS for the current year.

Institutional Trading of Lyft

A number of hedge funds and other institutional investors have recently made changes to their positions in LYFT. University of Texas Texas AM Investment Management Co. acquired a new position in Lyft during the 4th quarter worth $26,000. Plato Investment Management Ltd acquired a new position in Lyft in the second quarter worth about $27,000. Boreal Capital Management LLC acquired a new position in Lyft in the first quarter worth about $31,000. Bessemer Group Inc. increased its holdings 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 valued at $35,000 after buying an additional 2,500 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Lyft during the fourth quarter valued at approximately $40,000. Institutional investors own 83.07% of the company's stock.

Wall Street Analyst Weigh In

LYFT has been the subject of a number of recent analyst reports. DA Davidson lowered their price target on shares of Lyft from $19.00 to $14.50 and set a "neutral" rating for the company in a report on Monday, May 18th. Jefferies Financial Group upped their price objective on shares of Lyft from $15.00 to $15.50 and gave the company a "hold" rating in a research report on Tuesday, July 14th. Tigress Financial restated a "buy" rating and set a $28.00 target price on shares of Lyft in a research note on Wednesday, June 24th. Rothschild & Co Redburn upgraded Lyft from a "neutral" rating to a "buy" rating and set a $22.00 target price for the company in a research note on Wednesday, June 17th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $21.00 target price (up from $20.00) on shares of Lyft in a research report on Friday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.80.

Lyft Company 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.

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