Lisa Blackwood-Kapral Sells 9,081 Shares of Lyft, Inc. (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) CAO Lisa Blackwood-Kapral sold 9,081 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.02, for a total transaction of $163,639.62. Following the completion of the sale, the chief accounting officer now owns 332,243 shares of the company’s stock, valued at approximately $5,987,018.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lyft Price Performance

LYFT stock traded down $0.25 during trading on Tuesday, hitting $18.34. 13,505,884 shares of the stock traded hands, compared to its average volume of 15,146,545. Lyft, Inc. has a one year low of $8.93 and a one year high of $20.82. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of -116.19 and a beta of 2.04. The company has a 50 day simple moving average of $13.10 and a 200 day simple moving average of $13.51. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

Lyft (NASDAQ:LYFT) last announced its 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. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.67%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted ($0.02) earnings per share. The company’s revenue was up 31.6% on a year-over-year basis. Equities analysts expect that Lyft, Inc. will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Lyft

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of Lyft in the second quarter valued at approximately $35,000. Brown Brothers Harriman & Co. acquired a new stake in Lyft during the second quarter worth about $35,000. Capital Performance Advisors LLP bought a new position in Lyft in the 3rd quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC bought a new position in Lyft during the 1st quarter worth approximately $41,000. Finally, Quarry LP grew its position in shares of Lyft by 4,032.6% during the 2nd quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock worth $50,000 after buying an additional 3,468 shares during the period. 83.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company reissued a “market perform” rating on shares of Lyft in a research note on Friday, October 18th. Barclays upped their price target on shares of Lyft from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday. Wedbush reaffirmed a “neutral” rating and set a $20.00 price target (up from $12.00) on shares of Lyft in a research report on Thursday, November 7th. Wolfe Research started coverage on shares of Lyft in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, BMO Capital Markets upped their target price on shares of Lyft from $13.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Twenty-eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.48.

Lyft Company 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.