Optimist Retirement Group LLC Makes New Investment in Lyft, Inc. (NASDAQ:LYFT)

Optimist Retirement Group LLC bought a new stake in shares of Lyft, Inc. (NASDAQ:LYFT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,786 shares of the ride-sharing company’s stock, valued at approximately $152,000.

Several other large investors have also modified their holdings of LYFT. Dimensional Fund Advisors LP increased its holdings in Lyft by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 185,280 shares of the ride-sharing company’s stock valued at $2,612,000 after buying an additional 1,477 shares during the period. Sanctuary Advisors LLC bought a new stake in Lyft during the 2nd quarter valued at $388,000. CWM LLC increased its holdings in shares of Lyft by 512.2% in the 3rd quarter. CWM LLC now owns 42,656 shares of the ride-sharing company’s stock valued at $544,000 after acquiring an additional 35,688 shares during the period. Wesbanco Bank Inc. bought a new position in shares of Lyft in the 3rd quarter worth $284,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of Lyft by 21.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,181 shares of the ride-sharing company’s stock worth $602,000 after purchasing an additional 8,408 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

Lyft Stock Down 4.6 %

LYFT opened at $13.42 on Thursday. The company has a fifty day moving average of $14.29 and a two-hundred day moving average of $13.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75. Lyft, Inc. has a fifty-two week low of $8.93 and a fifty-two week high of $20.82. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of -83.88, a PEG ratio of 1.86 and a beta of 2.16.

Lyft (NASDAQ:LYFT) last released its quarterly earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. Lyft’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. On average, research analysts expect that Lyft, Inc. will post 0.06 earnings per share for the current year.

Insider Activity

In other news, Director Logan Green sold 10,919 shares of Lyft stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total value of $188,352.75. Following the sale, the director now owns 314,492 shares in the company, valued at $5,424,987. This trade represents a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.07% of the company’s stock.

Analysts Set New Price Targets

LYFT has been the topic of several analyst reports. Truist Financial lifted their target price on Lyft from $13.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on shares of Lyft from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Wells Fargo & Company decreased their target price on shares of Lyft from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Tigress Financial lifted their price target on shares of Lyft from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Susquehanna increased their price objective on Lyft from $10.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Twenty-seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lyft has a consensus rating of “Hold” and a consensus price target of $17.78.

Lyft 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.