Lyft, Inc. (NASDAQ:LYFT) President Sells $101,010.00 in Stock

Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek sold 6,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $15.54, for a total transaction of $101,010.00. Following the completion of the sale, the president now owns 64,278 shares of the company’s stock, valued at approximately $998,880.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kristin Sverchek also recently made the following trade(s):

• On Friday, May 3rd, Kristin Sverchek sold 3,500 shares of Lyft stock. The shares were sold at an average price of $17.50, for a total value of $61,250.00.
• On Thursday, March 21st, Kristin Sverchek sold 16,000 shares of Lyft stock. The stock was sold at an average price of $20.00, for a total value of $320,000.00.
• On Monday, March 4th, Kristin Sverchek sold 3,500 shares of Lyft stock. The shares were sold at an average price of $17.51, for a total value of $61,285.00.
• On Friday, March 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $16.30, for a total transaction of $105,950.00.
• On Wednesday, February 14th, Kristin Sverchek sold 5,670 shares of Lyft stock. The stock was sold at an average price of $15.02, for a total transaction of $85,163.40.

Lyft Price Performance

Shares of NASDAQ LYFT opened at $17.20 on Monday. The stock’s 50-day simple moving average is $17.72 and its two-hundred day simple moving average is $14.48. Lyft, Inc. has a twelve month low of $7.85 and a twelve month high of $20.82. The firm has a market capitalization of $6.88 billion, a P/E ratio of -19.33 and a beta of 2.05. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.55.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings data on Tuesday, February 13th. The ride-sharing company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.14. Lyft had a negative net margin of 7.73% and a negative return on equity of 54.80%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. As a group, equities analysts anticipate that Lyft, Inc. will post -0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LYFT. BMO Capital Markets started coverage on shares of Lyft in a research note on Tuesday, January 9th. They set a “market perform” rating and a $15.00 price target for the company. Royal Bank of Canada raised Lyft from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $17.00 to $23.00 in a research report on Monday, March 4th. Wells Fargo & Company upped their price target on Lyft from $15.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday, April 8th. Truist Financial lifted their price objective on Lyft from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Finally, Moffett Nathanson raised shares of Lyft from a “sell” rating to a “neutral” rating in a report on Wednesday, February 14th. One 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.05.

Institutional Trading of Lyft

Hedge funds have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC raised its position in Lyft by 277.8% during the first quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Lyft by 685.2% during the 4th quarter. Allworth Financial LP now owns 1,916 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 1,672 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Lyft in the 1st quarter worth approximately $41,000. GAMMA Investing LLC boosted its stake in Lyft by 42.9% in the first quarter. GAMMA Investing LLC now owns 2,213 shares of the ride-sharing company’s stock worth $43,000 after buying an additional 664 shares in the last quarter. Finally, a16z Perennial Management L.P. bought a new position in Lyft during the fourth quarter valued at approximately $34,000. 83.07% of the stock is 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.