Lyft (NASDAQ:LYFT) CFO Sells $264,450.00 in Stock

Lyft, Inc. (NASDAQ:LYFT) CFO Erin Brewer sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $17.63, for a total transaction of $264,450.00. Following the completion of the sale, the chief financial officer owned 852,303 shares in the company, valued at $15,026,101.89. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erin Brewer also recently made the following trade(s):

• On Friday, June 12th, Erin Brewer sold 15,000 shares of Lyft stock. The stock was sold at an average price of $13.59, for a total transaction of $203,850.00.

Lyft Trading Up 2.0%

Lyft stock opened at $17.70 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 2.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.80. Lyft, Inc. has a 1 year low of $12.46 and a 1 year high of $25.54. The firm’s 50 day moving average price is $15.94 and its two-hundred day moving average price is $14.54.

Lyft (NASDAQ:LYFT) last announced its quarterly earnings data on Thursday, August 6th. The ride-sharing company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. Lyft’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. On average, research analysts predict that Lyft, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LYFT. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Lyft during the 4th quarter valued at $26,000. Plato Investment Management Ltd purchased a new stake in shares of Lyft during the second quarter worth $27,000. International Assets Investment Management LLC acquired a new stake in Lyft during the fourth quarter valued at $40,000. Huntington National Bank boosted its position in Lyft by 171.8% during the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 1,374 shares during the last quarter. Finally, Boreal Capital Management LLC purchased a new position in Lyft in the first quarter valued at about $31,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LYFT. Rothschild & Co Redburn raised Lyft from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, June 17th. Tigress Financial restated a “buy” rating and set a $28.00 price target on shares of Lyft in a report on Wednesday, June 24th. Morgan Stanley upped their price target on shares of Lyft from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Cantor Fitzgerald lifted their price objective on shares of Lyft from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Roth Capital restated a “buy” rating and issued a $25.00 target price (up from $23.00) on shares of Lyft in a report on Monday, August 10th. Thirteen investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.80.

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.