Lyft, Inc. $LYFT Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its stake in shares of Lyft, Inc. (NASDAQ:LYFT) by 35.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,267 shares of the ride-sharing company’s stock after purchasing an additional 33,400 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Lyft were worth $1,693,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Lyft during the 4th quarter worth $26,000. International Assets Investment Management LLC purchased a new position in shares of Lyft in the 4th quarter worth about $40,000. Huntington National Bank lifted its stake in shares of Lyft by 171.8% in the 4th quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 1,374 shares in the last quarter. Boreal Capital Management LLC acquired a new position in shares of Lyft in the 1st quarter valued at about $31,000. Finally, Bessemer Group Inc. grew its holdings in shares of Lyft by 1,851.9% during the 1st quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock worth $35,000 after purchasing an additional 2,500 shares during the period. 83.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Lyft from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Citigroup assumed coverage on shares of Lyft in a research report on Wednesday, June 17th. They set a “buy” rating on the stock. Canaccord Genuity Group decreased their price objective on shares of Lyft from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Zacks Research lowered shares of Lyft from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada cut their target price on shares of Lyft from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.40.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft is renaming its Bay Wheels bike-rental service Lyft Bike, expanding the system and extending its operating contract. The move strengthens Lyft’s multimodal transportation offerings and could create additional usage and partnership opportunities. Lyft changes name of bike-rental service to Lyft Bike while expanding system and extending contract
• Positive Sentiment: Lyft and Baidu have begun testing autonomous vehicles in London through Lyft’s partnership with Baidu and Freenow. The tests position Lyft for potential future robotaxi deployments and give the company exposure to a major emerging mobility market. Lyft and Baidu enter London’s robotaxi battleground as testing begins
• Positive Sentiment: Alaska Airlines CEO Ben Minicucci has joined Lyft’s board, potentially supporting future collaboration between ride-hailing and air-travel services, including airport transportation. Alaska Airlines CEO appointed to Lyft’s board of directors
• Neutral Sentiment: RiverStone completed a loss-portfolio-transfer transaction with a Lyft unit. The deal may reduce insurance-related exposure, although its direct effect on Lyft’s earnings and valuation is unclear. RiverStone completes LPT deal with Lyft unit
• Neutral Sentiment: Director Benito Minicucci received 15,454 restricted stock units. The award aligns an executive with shareholders but represents equity compensation rather than an open-market purchase. Lyft Director Benito Minicucci Receives Restricted Stock Units
• Negative Sentiment: Analysts’ average recommendation remains “Hold,” suggesting limited conviction that Lyft will outperform in the near term. Lyft receives average Hold recommendation
• Negative Sentiment: Coverage highlights that Lyft’s recent trade has worked, but a broader valuation re-rating has not occurred, reflecting skepticism about catalysts and sustained upside. Lyft: The Trade Worked, But The Re-rating Has Yet To Arrive
• Negative Sentiment: Reports about new competitor Throo and efforts by Uber rivals to gain market share underscore continuing competitive pressure in ride-hailing. Can Throo Compete With Uber and Lyft?

Lyft Stock Performance

Lyft stock opened at $15.44 on Thursday. Lyft, Inc. has a 12-month low of $12.46 and a 12-month high of $25.54. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 2.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s fifty day moving average price is $14.58 and its 200 day moving average price is $14.65.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.26). The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. On average, research analysts forecast that Lyft, Inc. will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lyft news, insider Lindsay Catherine Llewellyn sold 11,491 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $15.00, for a total value of $172,365.00. Following the transaction, the insider directly owned 853,731 shares of the company’s stock, valued at $12,805,965. This represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Erin Brewer sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $13.59, for a total transaction of $203,850.00. Following the sale, the chief financial officer directly owned 705,979 shares of the company’s stock, valued at $9,594,254.61. The trade was a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 45,535 shares of company stock valued at $637,456 over the last 90 days. 0.92% of the stock is owned by company insiders.

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.