Lyft, Inc. (NASDAQ:LYFT) Director John Patrick Zimmer Sells 193,200 Shares

Lyft, Inc. (NASDAQ:LYFTGet Free Report) Director John Patrick Zimmer sold 193,200 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $20.04, for a total transaction of $3,871,728.00. Following the sale, the director now directly owns 932,544 shares of the company’s stock, valued at $18,688,181.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

John Patrick Zimmer also recently made the following trade(s):

  • On Tuesday, February 20th, John Patrick Zimmer sold 15,724 shares of Lyft stock. The shares were sold at an average price of $17.51, for a total transaction of $275,327.24.

Lyft Price Performance

Shares of LYFT stock opened at $19.52 on Tuesday. The stock has a 50-day moving average price of $15.38 and a 200 day moving average price of $12.99. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.55. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of -21.93 and a beta of 1.95. Lyft, Inc. has a 12 month low of $7.85 and a 12 month high of $20.82.

Lyft (NASDAQ:LYFTGet Free Report) last issued its earnings results on Tuesday, February 13th. The ride-sharing company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.14. Lyft had a negative return on equity of 54.80% and a negative net margin of 7.73%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Research analysts expect that Lyft, Inc. will post -0.35 EPS for the current year.

Wall Street Analyst Weigh In

LYFT has been the subject of a number of analyst reports. The Goldman Sachs Group lowered shares of Lyft from a “buy” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $15.00 in a research note on Thursday, January 11th. Argus raised shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, March 5th. TD Cowen upped their price objective on shares of Lyft from $10.00 to $12.00 and gave the company a “market perform” rating in a research note on Monday, January 22nd. Royal Bank of Canada upgraded Lyft from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $17.00 to $23.00 in a report on Monday, March 4th. Finally, Barclays increased their price objective on Lyft from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Lyft currently has an average rating of “Hold” and a consensus target price of $14.40.

Read Our Latest Research Report on Lyft

Hedge Funds Weigh In On Lyft

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lyft by 42.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,488,609 shares of the ride-sharing company’s stock valued at $36,770,000 after purchasing an additional 1,043,719 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Lyft by 21.3% during the 3rd quarter. Invesco Ltd. now owns 4,425,740 shares of the ride-sharing company’s stock valued at $46,647,000 after purchasing an additional 778,563 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Lyft during the 2nd quarter valued at about $34,942,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Lyft during the 3rd quarter valued at about $1,224,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Lyft by 123.4% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,208,700 shares of the ride-sharing company’s stock valued at $12,740,000 after purchasing an additional 667,600 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

Lyft Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Lyft (NASDAQ:LYFT)

Receive News & Ratings for Lyft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lyft and related companies with MarketBeat.com's FREE daily email newsletter.