Lyft, Inc. (NASDAQ:LYFT) Director Jill Beggs Sells 1,572 Shares

Lyft, Inc. (NASDAQ:LYFT - Get Free Report) Director Jill Beggs sold 1,572 shares of Lyft stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $13.49, for a total value of $21,206.28. Following the transaction, the director now owns 23,611 shares in the company, valued at $318,512.39. This trade represents a 6.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lyft Stock Performance

NASDAQ LYFT traded up $0.34 on Friday, reaching $13.36. The stock had a trading volume of 16,065,765 shares, compared to its average volume of 20,478,145. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.76 and a quick ratio of 0.75. The firm has a fifty day moving average of $13.55 and a two-hundred day moving average of $13.71. Lyft, Inc. has a 1-year low of $8.93 and a 1-year high of $20.82. The company has a market cap of $5.58 billion, a P/E ratio of 222.58, a price-to-earnings-growth ratio of 1.90 and a beta of 2.16.

Lyft (NASDAQ:LYFT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The ride-sharing company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.10). Lyft had a net margin of 0.39% and a return on equity of 8.03%. On average, equities research analysts anticipate that Lyft, Inc. will post 0.22 EPS for the current year.

Lyft declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 11th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the ride-sharing company to purchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LYFT shares. UBS Group cut their price objective on Lyft from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Susquehanna cut their target price on Lyft from $18.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their target price on Lyft from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Wedbush cut their target price on Lyft from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Finally, DA Davidson cut their target price on Lyft from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Twenty-six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lyft currently has an average rating of "Hold" and a consensus price target of $17.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LYFT. Spurstone Advisory Services LLC acquired a new position in Lyft in the 4th quarter valued at $25,000. True Wealth Design LLC bought a new stake in shares of Lyft during the 3rd quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Lyft during the 4th quarter valued at $29,000. ORG Wealth Partners LLC bought a new stake in shares of Lyft during the 4th quarter valued at $31,000. Finally, Byrne Asset Management LLC bought a new stake in shares of Lyft during the 4th quarter valued at $35,000. 83.07% of the stock is owned by institutional investors and hedge funds.

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.