Lyft (NASDAQ:LYFT) Insider Lindsay Catherine Llewellyn Sells 14,606 Shares

Key Points

• Lindsay Catherine Llewellyn, an insider at Lyft, sold 14,606 shares at an average price of $20.00, totaling approximately $292,120, reducing her ownership by 1.72%.
• Lyft's stock has recently seen a 13.1% increase, trading at $22.84 amid significant trading volume, while the company grapples with earnings that missed analysts' estimates.
• Several research analysts have varied price targets for Lyft, with new ratings ranging from a neutral rating at $14.00 to a buy rating with a target of $28.00.

Lyft, Inc. (NASDAQ:LYFT - Get Free Report) insider Lindsay Catherine Llewellyn sold 14,606 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $20.00, for a total transaction of $292,120.00. Following the sale, the insider directly owned 835,782 shares of the company's stock, valued at $16,715,640. This represents a 1.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, August 22nd, Lindsay Catherine Llewellyn sold 28,356 shares of Lyft stock. The shares were sold at an average price of $15.85, for a total transaction of $449,442.60.

Lyft Stock Up 13.1%

NASDAQ:LYFT traded up $2.65 during mid-day trading on Wednesday, reaching $22.84. The stock had a trading volume of 101,205,025 shares, compared to its average volume of 20,620,298. The business's 50 day moving average is $15.83 and its 200 day moving average is $14.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.70 and a quick ratio of 0.70. Lyft, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $23.50. The stock has a market cap of $9.28 billion, a P/E ratio of 95.17, a PEG ratio of 3.16 and a beta of 2.33.

Lyft (NASDAQ:LYFT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.17). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. Lyft had a return on equity of 14.32% and a net margin of 1.51%.Lyft's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. As a group, sell-side analysts predict that Lyft, Inc. will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on LYFT shares. Susquehanna cut their target price on shares of Lyft from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Tigress Financial restated a "buy" rating and issued a $28.00 price objective (up from $26.00) on shares of Lyft in a report on Wednesday, May 21st. Roth Capital raised Lyft from a "neutral" rating to a "buy" rating and set a $19.00 price objective on the stock in a report on Thursday, August 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $16.00 price target (up from $15.00) on shares of Lyft in a report on Thursday, August 7th. Finally, TD Cowen upgraded Lyft from a "hold" rating to a "buy" rating and upped their price target for the stock from $16.00 to $21.00 in a report on Tuesday, June 24th. Nine research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.33.

Hedge Funds Weigh In On Lyft

A number of large investors have recently modified their holdings of LYFT. Captrust Financial Advisors increased its holdings in Lyft by 169.2% in the 4th quarter. Captrust Financial Advisors now owns 29,112 shares of the ride-sharing company's stock worth $376,000 after acquiring an additional 18,299 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Lyft by 4.9% during the 4th quarter. Focus Partners Wealth now owns 35,481 shares of the ride-sharing company's stock worth $458,000 after purchasing an additional 1,649 shares during the period. Janus Henderson Group PLC increased its position in shares of Lyft by 3.8% in the 4th quarter. Janus Henderson Group PLC now owns 181,111 shares of the ride-sharing company's stock valued at $2,335,000 after purchasing an additional 6,649 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Lyft by 8.1% during the 4th quarter. Nuveen Asset Management LLC now owns 1,458,557 shares of the ride-sharing company's stock worth $18,815,000 after buying an additional 109,434 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Lyft during the fourth quarter worth $157,000. 83.07% of the stock is currently owned by institutional investors.

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.

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