Kristin Sverchek Sells 6,500 Shares of Lyft, Inc. (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) President Kristin Sverchek sold 6,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $15.54, for a total transaction of $101,010.00. Following the transaction, the president now owns 64,278 shares of the company’s stock, valued at $998,880.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kristin Sverchek also recently made the following trade(s):

• On Friday, May 3rd, Kristin Sverchek sold 3,500 shares of Lyft stock. The stock was sold at an average price of $17.50, for a total transaction of $61,250.00.
• On Thursday, March 21st, Kristin Sverchek sold 16,000 shares of Lyft stock. The stock was sold at an average price of $20.00, for a total transaction of $320,000.00.
• On Monday, March 4th, Kristin Sverchek sold 3,500 shares of Lyft stock. The shares were sold at an average price of $17.51, for a total transaction of $61,285.00.
• On Friday, March 1st, Kristin Sverchek sold 6,500 shares of Lyft stock. The shares were sold at an average price of $16.30, for a total transaction of $105,950.00.
• On Wednesday, February 14th, Kristin Sverchek sold 5,670 shares of Lyft stock. The shares were sold at an average price of $15.02, for a total transaction of $85,163.40.

Lyft Trading Up 2.1 %

NASDAQ LYFT opened at $17.20 on Friday. The firm has a 50 day simple moving average of $17.72 and a 200-day simple moving average of $14.43. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.87 and a quick ratio of 0.87. Lyft, Inc. has a one year low of $7.85 and a one year high of $20.82.

Lyft (NASDAQ:LYFT) last posted its quarterly earnings data on Tuesday, February 13th. The ride-sharing company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.14. Lyft had a negative net margin of 7.73% and a negative return on equity of 54.80%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. As a group, equities analysts forecast that Lyft, Inc. will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Lyft by 42.9% in the first quarter. GAMMA Investing LLC now owns 2,213 shares of the ride-sharing company’s stock valued at $43,000 after purchasing an additional 664 shares during the period. Commerce Bank lifted its stake in Lyft by 2.9% in the fourth quarter. Commerce Bank now owns 27,633 shares of the ride-sharing company’s stock worth $414,000 after acquiring an additional 782 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Lyft by 21.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,556 shares of the ride-sharing company’s stock worth $68,000 after acquiring an additional 814 shares during the last quarter. FinTrust Capital Advisors LLC lifted its stake in Lyft by 277.8% in the first quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. Finally, CWM LLC lifted its stake in Lyft by 15.4% in the fourth quarter. CWM LLC now owns 8,190 shares of the ride-sharing company’s stock worth $123,000 after acquiring an additional 1,093 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Analysts Set New Price Targets

LYFT has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $15.00 target price (up from $14.00) on shares of Lyft in a research report on Wednesday, February 14th. BMO Capital Markets started coverage on shares of Lyft in a research report on Tuesday, January 9th. They issued a “market perform” rating and a $15.00 target price for the company. The Goldman Sachs Group cut shares of Lyft from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $15.00 in a research report on Thursday, January 11th. Barclays raised their price objective on shares of Lyft from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Piper Sandler raised their price objective on shares of Lyft from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.60.

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.