Susquehanna Fundamental Investments LLC Buys New Shares in Lyft, Inc. (NASDAQ:LYFT)

Susquehanna Fundamental Investments LLC purchased a new position in Lyft, Inc. (NASDAQ:LYFT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,474 shares of the ride-sharing company's stock, valued at approximately $806,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC grew its stake in shares of Lyft by 8.2% in the 3rd quarter. Tidal Investments LLC now owns 221,906 shares of the ride-sharing company's stock valued at $2,829,000 after buying an additional 16,911 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Lyft by 37.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 45,976 shares of the ride-sharing company's stock worth $585,000 after acquiring an additional 12,462 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Lyft in the fourth quarter valued at approximately $171,000. Nordea Investment Management AB increased its holdings in shares of Lyft by 59.6% during the fourth quarter. Nordea Investment Management AB now owns 382,463 shares of the ride-sharing company's stock valued at $5,006,000 after acquiring an additional 142,880 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of Lyft during the fourth quarter worth approximately $31,000. 83.07% of the stock is owned by institutional investors.

Insider Transactions at Lyft

In other Lyft news, Director John Patrick Zimmer sold 2,424 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $12.52, for a total transaction of $30,348.48. Following the sale, the director now owns 911,922 shares in the company, valued at $11,417,263.44. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lindsay Catherine Llewellyn sold 22,736 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $12.45, for a total value of $283,063.20. Following the completion of the transaction, the insider now owns 959,697 shares of the company's stock, valued at $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. Over the last quarter, insiders have sold 38,143 shares of company stock valued at $486,841. 3.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on LYFT shares. Roth Capital restated a "neutral" rating on shares of Lyft in a research note on Wednesday, February 12th. Needham & Company LLC restated a "hold" rating on shares of Lyft in a report on Thursday, April 17th. Wedbush decreased their price objective on Lyft from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Oppenheimer assumed coverage on Lyft in a report on Wednesday, April 16th. They issued an "outperform" rating and a $15.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on Lyft from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, twenty-seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lyft currently has an average rating of "Hold" and an average target price of $16.45.

Lyft Stock Up 1.5 %

LYFT stock opened at $12.65 on Friday. The stock has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $13.60. Lyft, Inc. has a twelve month low of $8.93 and a twelve month high of $19.07. The firm has a market capitalization of $5.29 billion, a PE ratio of 210.83, a PEG ratio of 1.90 and a beta of 2.13. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.74.

Lyft (NASDAQ:LYFT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The ride-sharing company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.10). Lyft had a net margin of 0.39% and a return on equity of 8.03%. On average, equities analysts predict that Lyft, Inc. will post 0.22 EPS for the current fiscal year.

Lyft declared that its board has approved a stock repurchase program on Tuesday, February 11th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the ride-sharing company to purchase up to 8.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

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.

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