Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek Sells 3,000 Shares

Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek sold 3,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $13.81, for a total value of $41,430.00. Following the completion of the sale, the president now owns 47,778 shares of the company’s stock, valued at approximately $659,814.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kristin Sverchek also recently made the following trade(s):

• On Friday, June 28th, Kristin Sverchek sold 3,500 shares of Lyft stock. The shares were sold at an average price of $14.01, for a total value of $49,035.00.
• On Monday, June 3rd, Kristin Sverchek sold 6,500 shares of Lyft stock. The stock was sold at an average price of $15.77, for a total transaction of $102,505.00.
• On Friday, May 3rd, Kristin Sverchek sold 3,500 shares of Lyft stock. The stock was sold at an average price of $17.50, for a total transaction of $61,250.00.
• On Wednesday, May 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $15.54, for a total transaction of $101,010.00.

Lyft Trading Down 0.1 %

Shares of LYFT stock opened at $13.39 on Friday. The company has a fifty day moving average price of $15.45 and a two-hundred day moving average price of $15.71. Lyft, Inc. has a one year low of $8.85 and a one year high of $20.82. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92.

Lyft (NASDAQ:LYFT) last issued its earnings results on Tuesday, May 7th. The ride-sharing company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.09. Lyft had a negative net margin of 3.94% and a negative return on equity of 23.77%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.17 billion. On average, research analysts anticipate that Lyft, Inc. will post -0.19 earnings per share for the current year.

Analyst Ratings Changes

LYFT has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $24.00 target price on shares of Lyft in a report on Friday, June 7th. BMO Capital Markets increased their target price on Lyft from $18.00 to $19.00 and gave the stock a “market perform” rating in a research note on Friday, June 7th. Loop Capital raised shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Friday, June 7th. The Goldman Sachs Group increased their price objective on shares of Lyft from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. Finally, Wells Fargo & Company cut their price objective on shares of Lyft from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lyft currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Institutional Trading of Lyft

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Lyft by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 31,457,522 shares of the ride-sharing company’s stock worth $331,562,000 after acquiring an additional 1,135,036 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in Lyft during the 3rd quarter valued at $1,224,000. Corient Private Wealth LLC boosted its position in Lyft by 163.9% during the fourth quarter. Corient Private Wealth LLC now owns 100,826 shares of the ride-sharing company’s stock worth $1,511,000 after purchasing an additional 62,623 shares during the period. Range Financial Group LLC acquired a new position in shares of Lyft in the first quarter valued at $470,000. Finally, Kodai Capital Management LP bought a new position in shares of Lyft in the fourth quarter valued at about $26,069,000. Institutional investors 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.