Lyft, Inc. (NASDAQ:LYFT) Shares Sold by RBF Capital LLC

RBF Capital LLC lessened its position in shares of Lyft, Inc. (NASDAQ:LYFT - Free Report) by 78.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the ride-sharing company's stock after selling 110,000 shares during the quarter. RBF Capital LLC's holdings in Lyft were worth $382,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in Lyft during the third quarter valued at $27,000. Brown Brothers Harriman & Co. purchased a new stake in Lyft in the 2nd quarter worth about $35,000. International Assets Investment Management LLC purchased a new position in shares of Lyft during the second quarter valued at approximately $35,000. Capital Performance Advisors LLP bought a new position in Lyft in the 3rd quarter valued at $38,000. Finally, Quarry LP increased its stake in Lyft by 4,032.6% in the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company's stock worth $50,000 after purchasing an additional 3,468 shares during the period. Institutional investors own 83.07% of the company's stock.

Insider Activity

In other Lyft news, Director Logan Green sold 10,919 shares of the business's 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 transaction, the director now directly owns 314,492 shares in the company, valued at $5,424,987. The trade was a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $18.02, for a total transaction of $163,639.62. Following the sale, the chief accounting officer now owns 332,243 shares of the company's stock, valued at $5,987,018.86. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,909 shares of company stock worth $505,686 over the last ninety days. Corporate insiders own 3.07% of the company's stock.

Lyft Price Performance

Shares of LYFT traded down $1.59 during trading hours on Thursday, hitting $15.65. 15,846,131 shares of the stock were exchanged, compared to its average volume of 15,021,100. The stock's 50-day moving average price is $14.93 and its two-hundred day moving average price is $13.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $6.49 billion, a price-to-earnings ratio of -100.56, a price-to-earnings-growth ratio of 4.91 and a beta of 2.09. Lyft, Inc. has a 12-month low of $8.93 and a 12-month high of $20.82.

Lyft (NASDAQ:LYFT - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm posted ($0.02) earnings per share. The company's revenue for the quarter was up 31.6% on a year-over-year basis. Research analysts expect that Lyft, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LYFT. JPMorgan Chase & Co. decreased their price objective on shares of Lyft from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Morgan Stanley increased their price objective on Lyft from $16.50 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. Loop Capital lifted their target price on Lyft from $16.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday. Evercore ISI increased their target price on shares of Lyft from $17.00 to $19.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets upped their price target on shares of Lyft from $13.00 to $18.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Twenty-eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.77.

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.