Lyft (NASDAQ:LYFT) Price Target Raised to $12.00

Lyft (NASDAQ:LYFT – Get Rating) had its price target lifted by Deutsche Bank Aktiengesellschaft from $11.00 to $12.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a hold rating on the ride-sharing company’s stock.

Several other equities analysts also recently weighed in on the company. Moffett Nathanson started coverage on Lyft in a research report on Monday, January 30th. They set a market perform rating and a $15.00 price target for the company. Roth Capital reissued a neutral rating on shares of Lyft in a research note on Friday, February 10th. Truist Financial cut shares of Lyft from a buy rating to a hold rating and decreased their price target for the stock from $40.00 to $14.00 in a research note on Friday, February 10th. DA Davidson lowered shares of Lyft from a buy rating to a neutral rating and cut their price objective for the company from $19.00 to $12.50 in a research report on Friday, February 10th. Finally, BTIG Research lowered shares of Lyft from a buy rating to a neutral rating in a research report on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, twenty-eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Lyft currently has an average rating of Hold and an average price target of $17.57.

Lyft Trading Up 4.8 %

Shares of LYFT opened at $10.06 on Wednesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.82 and a quick ratio of 0.82. Lyft has a 1-year low of $8.19 and a 1-year high of $40.46. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of -2.26 and a beta of 1.75. The firm has a 50 day simple moving average of $12.66 and a 200-day simple moving average of $12.77.

Insiders Place Their Bets

In other news, Director Mary Agnes Wilderotter sold 1,826 shares of the stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $16.65, for a total value of $30,402.90. Following the completion of the sale, the director now owns 36,904 shares in the company, valued at $614,451.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Castleview Partners LLC lifted its holdings in Lyft by 1,228.0% in the 2nd quarter. Castleview Partners LLC now owns 664 shares of the ride-sharing company’s stock worth $50,000 after buying an additional 614 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Lyft by 58.9% during the second quarter. Clearstead Advisors LLC now owns 1,845 shares of the ride-sharing company’s stock worth $25,000 after acquiring an additional 684 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of Lyft in the third quarter worth about $26,000. EMC Capital Management acquired a new stake in Lyft during the 3rd quarter valued at approximately $32,000. Finally, Ellevest Inc. grew its stake in Lyft by 32.1% during the 4th quarter. Ellevest Inc. now owns 2,616 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 636 shares in the last quarter. 79.44% of the stock is owned by institutional investors and hedge funds.

Lyft Company Profile

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Lyft, Inc engages in the provision and management of an online social rideshare community platform. It provides access to a network of shared bikes and scooters for shorter rides and first-mile and last-mile legs of multimodal trips, information about nearby public transit routes, and Lyft Rentals to offer riders a view of transportation options when planning any trip.