Neo Ivy Capital Management Purchases 90,376 Shares of Lyft, Inc. $LYFT

Neo Ivy Capital Management raised its position in Lyft, Inc. (NASDAQ:LYFT) by 331.4% during the third quarter, Holdings Channel.com reports. The fund owned 117,646 shares of the ride-sharing company’s stock after purchasing an additional 90,376 shares during the quarter. Neo Ivy Capital Management’s holdings in Lyft were worth $2,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Lyft by 13.7% during the first quarter. Empowered Funds LLC now owns 24,213 shares of the ride-sharing company’s stock worth $287,000 after purchasing an additional 2,921 shares during the period. Focus Partners Wealth grew its stake in shares of Lyft by 44.0% in the first quarter. Focus Partners Wealth now owns 51,102 shares of the ride-sharing company’s stock worth $607,000 after purchasing an additional 15,621 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Lyft during the 2nd quarter valued at about $470,000. Strs Ohio purchased a new position in Lyft during the 2nd quarter valued at about $978,000. Finally, SouthState Corp raised its position in Lyft by 17.1% during the 2nd quarter. SouthState Corp now owns 30,264 shares of the ride-sharing company’s stock valued at $477,000 after purchasing an additional 4,427 shares during the last quarter. 83.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LYFT. Wedbush dropped their price objective on Lyft from $16.00 to $13.00 and set an “underperform” rating for the company in a report on Wednesday, February 11th. KeyCorp restated a “sector weight” rating on shares of Lyft in a report on Wednesday, February 11th. The Goldman Sachs Group raised their price target on Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Morgan Stanley set a $17.00 price target on shares of Lyft in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald reduced their price objective on shares of Lyft from $21.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.63.

Lyft Stock Performance

Shares of LYFT opened at $13.25 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average price is $16.55 and its 200-day moving average price is $18.92. Lyft, Inc. has a 52 week low of $9.66 and a 52 week high of $25.54. The stock has a market cap of $5.27 billion, a P/E ratio of 1.94, a P/E/G ratio of 0.79 and a beta of 1.92.

Lyft announced that its board has authorized a share repurchase plan on Tuesday, February 10th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the ride-sharing company to purchase up to 15.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO John David Risher purchased 5,030 shares of Lyft stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $19.80 per share, for a total transaction of $99,594.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $13.89, for a total value of $29,071.77. Following the completion of the transaction, the director directly owned 32,185 shares of the company’s stock, valued at approximately $447,049.65. This represents a 6.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,038 shares of company stock worth $416,841 over the last three months. 3.07% of the stock is owned by corporate insiders.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft announced the acquisition of Motivate, a bike‑share operator, expanding its micromobility footprint and diversifying revenue beyond rides — a strategic move investors often view as a growth catalyst. Lyft pulls an Uber and acquires Motivate, a bike-sharing company
• Neutral Sentiment: Analysts and coverage pieces continue to include Lyft among gig‑economy plays, keeping the stock on investor radars but not delivering fresh valuation catalysts. Stocks to Keep an Eye on to Take Advantage of the Gig Economy Boom
• Neutral Sentiment: Industry dynamics: Uber is testing driver subscription packages, signaling competitive experimentation on driver economics that could influence Lyft’s driver retention and cost profile. Uber explores driver subscription model as ride prices rise 9.6%
• Negative Sentiment: Hedge fund Owl Creek sold ~1.94M Lyft shares (~$40M), reducing an institutional stake — a material block sale that can weigh on near‑term sentiment. Hedge Fund Owl Creek Dumped 1.9 Million Shares of Lyft Worth $40.3 Million. Is the Stock a Buy or Sell?
• Negative Sentiment: Mizuho cut its price target on LYFT to $15, signaling lower near‑term expectations from a sell‑side analyst and potentially pressuring investor sentiment. Mizuho Cuts Lyft (NASDAQ:LYFT) Price Target to $15.00
• Negative Sentiment: Regulatory risk: a U.S. House committee is probing secret use of AI for surveillance/pricing across ride‑hailing platforms — a legal/regulatory overhang that has already pressured shares of Lyft and peers. Uber and Lyft Stocks Skid as U.S. Probes Secret Use of AI in Surveillance Pricing
• Negative Sentiment: Legal and reputational issues: recent lawsuits tied to alleged hit‑and‑run incidents and reports of discrimination against blind/low‑vision riders increase litigation and regulatory risk. Scooter rider sues Lyft after driver’s alleged Capitol Hill hit-and-run People who are blind, have low vision report discrimination with ride-share services
• Negative Sentiment: Demand pressure: ride costs rose ~10% last year and consumer reports suggest riders are cutting back, which could temper growth in ride volumes and ARPU. The cost of Uber and Lyft rides rose nearly 10% last year — and now riders say they’re cutting back

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.