Lyft, Inc. (NASDAQ:LYFT – Get Free Report) CFO Erin Brewer sold 15,000 shares of Lyft stock in a transaction on Friday, June 12th. The stock was sold at an average price of $13.59, for a total transaction of $203,850.00. Following the sale, the chief financial officer directly owned 705,979 shares of the company’s stock, valued at $9,594,254.61. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lyft Stock Performance
NASDAQ LYFT opened at $14.28 on Wednesday. Lyft, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $5.42 billion, a P/E ratio of 2.08, a P/E/G ratio of 0.85 and a beta of 1.82. The company has a fifty day moving average of $13.93 and a 200-day moving average of $15.80.
Lyft (NASDAQ:LYFT – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm posted $0.01 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts predict that Lyft, Inc. will post 0.69 EPS for the current fiscal year.
Institutional Investors Weigh In On Lyft
Analysts Set New Price Targets
A number of research firms have recently issued reports on LYFT. Royal Bank Of Canada dropped their price objective on shares of Lyft from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Zacks Research raised shares of Lyft from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price objective on shares of Lyft from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Mizuho dropped their price objective on shares of Lyft from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Finally, Canaccord Genuity Group lowered their price target on shares of Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.83.
Check Out Our Latest Research Report on LYFT
More Lyft News
Here are the key news stories impacting Lyft this week:
- Positive Sentiment: Lyft unveiled its “rider graph,” a data tool aimed at improving ad targeting efficiency, which could help expand monetization beyond ride-hailing and support future revenue growth. Lyft unveils rider graph: A game-changer for ad targeting efficiency
- Positive Sentiment: A market recap highlighted Lyft as one of the stronger performers among gig-economy stocks during the latest earnings season, reinforcing the view that investors still see value in the company’s recent operating trend. Q1 Earnings Recap: Lyft (NASDAQ:LYFT) Tops Gig Economy Stocks
- Positive Sentiment: Broader gig-economy optimism also kept Lyft in the “must-watch” category for investors looking for exposure to the sector’s growth. Must-Watch Stocks to Make the Most of the Gig Economy’s Popularity
- Neutral Sentiment: Coverage comparing Uber and Lyft in the autonomous-vehicle era may be drawing attention to Lyft’s long-term strategy, but it does not appear to be a direct catalyst on its own. Uber Vs. Lyft: Who Stands Strongest Entering The Autonomous Era
- Negative Sentiment: Consumer Reports and other outlets said Uber and Lyft riders can see widely different fares for the same trip, reviving concerns about pricing transparency and potentially attracting more regulatory or consumer backlash. Uber, Lyft riders often see different fares for the same trip: Report
- Negative Sentiment: A separate investigation accused Lyft of using AI-driven pricing tactics and “fake discounts,” which could hurt brand perception and raise pricing scrutiny. Uber, Lyft sell virtually identical rides at vastly different prices, offer fake discounts using AI-driven pricing: bombshell investigation
- Negative Sentiment: Lyft CFO Erin Brewer sold 15,000 shares under a pre-arranged trading plan, which may be viewed cautiously by investors even though it was disclosed as part of a 10b5-1 plan. SEC filing
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.
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