LYFT Inc (NASDAQ:LYFT) General Counsel Kristin Sverchek sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $27.33, for a total transaction of $273,300.00.
Kristin Sverchek also recently made the following trade(s):
- On Friday, August 28th, Kristin Sverchek sold 10,000 shares of LYFT stock. The stock was sold at an average price of $30.01, for a total value of $300,100.00.
- On Wednesday, August 26th, Kristin Sverchek sold 10,000 shares of LYFT stock. The stock was sold at an average price of $29.37, for a total value of $293,700.00.
Shares of NASDAQ:LYFT traded up $0.52 on Monday, reaching $28.05. 7,256,697 shares of the company were exchanged, compared to its average volume of 9,457,564. The company has a 50-day moving average of $29.42 and a 200-day moving average of $30.06. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of -5.12 and a beta of 1.54. LYFT Inc has a 1-year low of $14.56 and a 1-year high of $54.50.
LYFT (NASDAQ:LYFT) last issued its earnings results on Wednesday, August 12th. The ride-sharing company reported ($0.86) earnings per share for the quarter, topping the consensus estimate of ($1.58) by $0.72. LYFT had a negative net margin of 50.64% and a negative return on equity of 50.10%. The company had revenue of $339.35 million for the quarter, compared to analyst estimates of $328.02 million. As a group, analysts forecast that LYFT Inc will post -4.51 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in LYFT by 29.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 204,550 shares of the ride-sharing company’s stock valued at $6,752,000 after purchasing an additional 46,100 shares in the last quarter. Principal Financial Group Inc. grew its holdings in LYFT by 104.5% in the second quarter. Principal Financial Group Inc. now owns 19,866 shares of the ride-sharing company’s stock valued at $656,000 after purchasing an additional 10,151 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of LYFT by 2.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 344,617 shares of the ride-sharing company’s stock valued at $11,377,000 after buying an additional 8,012 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of LYFT by 1,345.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 37,218 shares of the ride-sharing company’s stock worth $1,228,000 after buying an additional 34,643 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new stake in shares of LYFT in the 2nd quarter worth about $576,000. 67.59% of the stock is currently owned by institutional investors and hedge funds.
LYFT has been the subject of a number of research analyst reports. Raymond James assumed coverage on LYFT in a report on Wednesday, July 22nd. They set a “market perform” rating for the company. Credit Suisse Group lowered their target price on shares of LYFT from $75.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. BidaskClub downgraded shares of LYFT from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada reaffirmed a “buy” rating on shares of LYFT in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus cut their target price on shares of LYFT from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Thirteen research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.38.
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.
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