Lindsay Catherine Llewellyn Sells 13,204 Shares of Lyft (NASDAQ:LYFT) Stock

Key Points

• Lyft insider Lindsay Llewellyn sold 13,204 shares for approximately $219,715 at an average price of $16.64 under a pre-arranged Rule 10b5-1 plan. She still directly owns 781,152 shares valued at roughly $13 million.
• Lyft shares recently traded at $17.28, with a market capitalization of about $6.54 billion. The company’s latest quarterly revenue rose 16.1% year over year to $1.84 billion, though earnings per share slightly missed analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $19.77; 13 analysts rate the stock Buy, 23 Hold, and two Sell.

Lyft, Inc. (NASDAQ:LYFT - Get Free Report) insider Lindsay Llewellyn sold 13,204 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $16.64, for a total transaction of $219,714.56. Following the completion of the sale, the insider directly owned 781,152 shares in the company, valued at approximately $12,998,369.28. This represents a 1.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lindsay Catherine Llewellyn also recently made the following trade(s):

• On Monday, August 3rd, Lindsay Llewellyn sold 36,214 shares of Lyft stock. The stock was sold at an average price of $16.14, for a total value of $584,493.96.

Lyft Trading Down 0.4%

Shares of LYFT traded down $0.07 during mid-day trading on Thursday, reaching $17.28. 8,780,955 shares of the company were exchanged, compared to its average volume of 11,082,178. The business has a 50 day simple moving average of $16.18 and a two-hundred day simple moving average of $14.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $6.54 billion, a PE ratio of 2.51, a PEG ratio of 1.07 and a beta of 1.83. Lyft, Inc. has a 52 week low of $12.46 and a 52 week high of $25.54.

Lyft (NASDAQ:LYFT - Get Free Report) last released its 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 net margin of 42.32% and a negative return on equity of 1.20%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company posted $0.10 EPS. The business's revenue for the quarter was up 16.1% compared to the same quarter last year. On average, analysts predict that Lyft, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LYFT. Truist Financial increased their price objective on shares of Lyft from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Friday, May 8th. Roth Capital restated a "buy" rating and set a $25.00 price objective (up from $23.00) on shares of Lyft in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $17.00 target price on shares of Lyft in a report on Monday, August 10th. Cantor Fitzgerald raised their price objective on shares of Lyft from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Finally, Bank of America upgraded shares of Lyft from an "underperform" rating to a "buy" rating in a report on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $19.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Lyft during the 4th quarter worth $26,000. Plato Investment Management Ltd bought a new stake in Lyft in the second quarter worth about $27,000. Boreal Capital Management LLC purchased a new position in Lyft in the first quarter valued at about $31,000. Bessemer Group Inc. grew its position in shares of Lyft by 1,851.9% during the 1st quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company's stock valued at $35,000 after acquiring an additional 2,500 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Lyft during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 83.07% of the company's stock.

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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