Lyft, Inc. (NASDAQ:LYFT – Get Free Report) President Kristin Sverchek sold 3,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $17.50, for a total transaction of $61,250.00. Following the completion of the sale, the president now directly owns 60,778 shares of the company’s stock, valued at $1,063,615. The transaction was disclosed in a filing with the SEC, which is available at this link.
Kristin Sverchek also recently made the following trade(s):
- On Wednesday, May 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The stock was sold at an average price of $15.54, for a total transaction of $101,010.00.
- 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 transaction of $320,000.00.
- On Monday, March 4th, Kristin Sverchek sold 3,500 shares of Lyft stock. The stock was sold at an average price of $17.51, for a total transaction of $61,285.00.
- On Friday, March 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The stock was sold at an average price of $16.30, for a total value 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 value of $85,163.40.
Lyft Trading Up 2.1 %
LYFT stock opened at $17.20 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The business’s fifty day simple moving average is $17.72 and its two-hundred day simple moving average is $14.43. Lyft, Inc. has a twelve month low of $7.85 and a twelve month high of $20.82.
Wall Street Analyst Weigh In
Several research analysts have weighed in on LYFT shares. Wells Fargo & Company upped their price target on Lyft from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, April 8th. Wedbush restated a “neutral” rating and issued a $15.00 price target (up from $14.00) on shares of Lyft in a research note on Wednesday, February 14th. Tigress Financial upped their price target on Lyft from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Barclays upped their price target on Lyft from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group downgraded Lyft from a “buy” rating to a “neutral” rating and increased their target price for the company from $12.00 to $15.00 in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.60.
Read Our Latest Research Report on Lyft
Institutional Investors Weigh In On Lyft
A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in Lyft during the fourth quarter valued at approximately $94,687,000. Kodai Capital Management LP purchased a new position in Lyft during the fourth quarter valued at approximately $26,069,000. Bank of Nova Scotia purchased a new position in Lyft during the fourth quarter valued at approximately $21,433,000. Vanguard Group Inc. raised its position in Lyft by 3.7% during the third quarter. Vanguard Group Inc. now owns 31,457,522 shares of the ride-sharing company’s stock valued at $331,562,000 after acquiring an additional 1,135,036 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Lyft by 126.0% during the fourth quarter. BNP Paribas Financial Markets now owns 1,937,357 shares of the ride-sharing company’s stock valued at $29,041,000 after acquiring an additional 1,080,009 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.
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.
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