Lyft (NASDAQ:LYFT) Insider Lindsay Catherine Llewellyn Sells 23,661 Shares

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 23,661 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $15.00, for a total value of $354,915.00. Following the completion of the sale, the insider directly owned 916,022 shares in the company, valued at approximately $13,740,330. This represents a 2.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, February 25th, Lindsay Catherine Llewellyn sold 23,661 shares of Lyft stock. The shares were sold at an average price of $13.30, for a total value of $314,691.30.

Lyft Price Performance

Shares of LYFT stock opened at $14.75 on Wednesday. The stock’s fifty day simple moving average is $13.56 and its 200 day simple moving average is $17.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 2.16, a P/E/G ratio of 0.88 and a beta of 1.85. Lyft, Inc. has a one year low of $10.98 and a one year high of $25.54.

Lyft announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 10th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the ride-sharing company to reacquire up to 15.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LYFT shares. Needham & Company LLC reissued a “hold” rating on shares of Lyft in a research note on Wednesday, February 11th. Roth Mkm set a $22.00 price objective on Lyft in a research note on Wednesday, February 11th. Morgan Stanley set a $17.00 price objective on Lyft in a research note on Wednesday, February 11th. Barclays reduced their price objective on Lyft from $27.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Lyft from $25.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.55.

Hedge Funds Weigh In On Lyft

Institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Advisors Inc. raised its position in shares of Lyft by 68.2% during the third quarter. Heartland Advisors Inc. now owns 594,800 shares of the ride-sharing company’s stock worth $13,092,000 after acquiring an additional 241,250 shares during the last quarter. CWM LLC raised its position in shares of Lyft by 52.1% during the third quarter. CWM LLC now owns 819,677 shares of the ride-sharing company’s stock worth $18,041,000 after acquiring an additional 280,886 shares during the last quarter. Abacus FCF Advisors LLC bought a new stake in shares of Lyft during the third quarter worth $6,442,000. Hussman Strategic Advisors Inc. bought a new stake in shares of Lyft during the third quarter worth $2,080,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Lyft by 15.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 426,314 shares of the ride-sharing company’s stock worth $9,029,000 after acquiring an additional 56,117 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Company Profile

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.