Duality Advisers LP Purchases Shares of 211,929 Lyft, Inc. (NASDAQ:LYFT)

Duality Advisers LP bought a new stake in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 211,929 shares of the ride-sharing company's stock, valued at approximately $3,177,000. Duality Advisers LP owned 0.05% of Lyft at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LYFT. Vontobel Holding Ltd. increased its stake in Lyft by 8.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 24,819 shares of the ride-sharing company's stock worth $262,000 after acquiring an additional 1,860 shares during the last quarter. CWM LLC boosted its holdings in shares of Lyft by 72.6% in the 3rd quarter. CWM LLC now owns 7,097 shares of the ride-sharing company's stock worth $75,000 after purchasing an additional 2,985 shares during the period. AE Wealth Management LLC purchased a new position in shares of Lyft in the 3rd quarter worth approximately $526,000. SG Americas Securities LLC boosted its holdings in shares of Lyft by 11.3% in the 3rd quarter. SG Americas Securities LLC now owns 55,465 shares of the ride-sharing company's stock worth $585,000 after purchasing an additional 5,653 shares during the period. Finally, Mach 1 Financial Group LLC purchased a new position in shares of Lyft in the 3rd quarter worth approximately $501,000. Institutional investors own 83.07% of the company's stock.

Insider Transactions at Lyft

In other news, President Kristin Sverchek sold 5,670 shares of the company's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $15.02, for a total value of $85,163.40. Following the sale, the president now owns 633,950 shares in the company, valued at $9,521,929. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Kristin Sverchek sold 5,670 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $15.02, for a total value of $85,163.40. Following the transaction, the president now owns 633,950 shares in the company, valued at $9,521,929. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Patrick Zimmer sold 193,200 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $20.04, for a total value of $3,871,728.00. Following the completion of the transaction, the director now owns 932,544 shares in the company, valued at approximately $18,688,181.76. The disclosure for this sale can be found here. Insiders have sold 270,526 shares of company stock worth $5,195,771 over the last quarter. 3.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wedbush reiterated a "neutral" rating and issued a $15.00 target price (up previously from $14.00) on shares of Lyft in a report on Wednesday, February 14th. Piper Sandler lifted their target price on Lyft from $17.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, March 15th. JPMorgan Chase & Co. lifted their target price on Lyft from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. UBS Group boosted their price objective on Lyft from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. Finally, Barclays boosted their price objective on Lyft from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lyft has a consensus rating of "Hold" and an average price target of $14.60.

Lyft Stock Performance

Lyft stock traded up $0.58 during trading hours on Monday, hitting $16.73. 13,369,253 shares of the stock traded hands, compared to its average volume of 16,728,648. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.87 and a quick ratio of 0.87. The firm's 50 day moving average price is $17.65 and its 200-day moving average price is $14.08. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of -18.43 and a beta of 1.97. Lyft, Inc. has a 1 year low of $7.85 and a 1 year high of $20.82.

Lyft (NASDAQ:LYFT - Get Free Report) last issued its earnings results on Tuesday, February 13th. The ride-sharing company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.14. Lyft had a negative return on equity of 54.80% and a negative net margin of 7.73%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. As a group, equities analysts expect that Lyft, Inc. will post -0.35 EPS for the current fiscal year.

About Lyft

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.