Lyft (NASDAQ:LYFT) CEO John David Risher Buys 5,030 Shares

Lyft, Inc. (NASDAQ:LYFT) CEO John David Risher bought 5,030 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $19.80 per share, for a total transaction of $99,594.00. Following the completion of the purchase, the chief executive officer directly owned 11,802,296 shares of the company’s stock, valued at $233,685,460.80. The trade was a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lyft Trading Up 1.0%

NASDAQ:LYFT traded up $0.20 during mid-day trading on Thursday, reaching $20.52. 14,269,858 shares of the company’s stock traded hands, compared to its average volume of 13,479,470. The company has a 50 day moving average price of $21.04 and a 200-day moving average price of $18.06. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 54.00, a PEG ratio of 2.02 and a beta of 1.99. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.72 and a quick ratio of 0.72. Lyft, Inc. has a 12-month low of $9.66 and a 12-month high of $25.54.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Wednesday, November 5th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). Lyft had a return on equity of 18.29% and a net margin of 2.40%.The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. Lyft’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts predict that Lyft, Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on LYFT shares. Sanford C. Bernstein lifted their price target on shares of Lyft from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Monday, November 10th. The Goldman Sachs Group lifted their target price on shares of Lyft from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Susquehanna boosted their price target on shares of Lyft from $14.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Barclays raised their price objective on shares of Lyft from $20.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Finally, Arete Research set a $20.00 price objective on Lyft and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Eleven investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lyft currently has an average rating of “Hold” and a consensus target price of $22.92.

Institutional Investors Weigh In On Lyft

Several hedge funds have recently bought and sold shares of LYFT. Vanguard Group Inc. grew its holdings in Lyft by 5.7% in the first quarter. Vanguard Group Inc. now owns 38,049,250 shares of the ride-sharing company’s stock worth $451,645,000 after purchasing an additional 2,046,639 shares during the period. AQR Capital Management LLC boosted its position in shares of Lyft by 7.4% in the 3rd quarter. AQR Capital Management LLC now owns 25,783,363 shares of the ride-sharing company’s stock worth $567,492,000 after purchasing an additional 1,773,438 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Lyft by 26.3% in the 1st quarter. Ameriprise Financial Inc. now owns 24,849,205 shares of the ride-sharing company’s stock worth $294,978,000 after buying an additional 5,178,118 shares during the last quarter. Rakuten Group Inc. purchased a new stake in shares of Lyft in the 1st quarter worth approximately $130,434,000. Finally, Geode Capital Management LLC increased its position in Lyft by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,633,591 shares of the ride-sharing company’s stock valued at $104,561,000 after buying an additional 20,354 shares in the last quarter. 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.