Cookson Peirce & Co. Inc. Purchases Shares of 61,161 Lyft, Inc. $LYFT

Cookson Peirce & Co. Inc. acquired a new position in Lyft, Inc. (NASDAQ:LYFT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 61,161 shares of the ride-sharing company’s stock, valued at approximately $1,346,000.

A number of other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC raised its position in Lyft by 144.9% in the 2nd quarter. AQR Capital Management LLC now owns 24,009,925 shares of the ride-sharing company’s stock worth $378,396,000 after purchasing an additional 14,205,143 shares during the period. Los Angeles Capital Management LLC boosted its position in Lyft by 415.2% during the second quarter. Los Angeles Capital Management LLC now owns 3,714,935 shares of the ride-sharing company’s stock valued at $58,547,000 after buying an additional 2,993,807 shares during the period. Norges Bank bought a new position in shares of Lyft during the second quarter valued at about $44,209,000. Marshall Wace LLP increased its holdings in shares of Lyft by 75.7% in the second quarter. Marshall Wace LLP now owns 5,464,934 shares of the ride-sharing company’s stock worth $86,127,000 after buying an additional 2,353,769 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in shares of Lyft in the third quarter worth about $41,381,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Insider Buying and Selling at Lyft

In other Lyft news, Director David Lawee sold 6,578 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $22.55, for a total value of $148,333.90. Following the completion of the transaction, the director directly owned 104,460 shares in the company, valued at approximately $2,355,573. This represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 4,800 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $22.30, for a total transaction of $107,040.00. Following the completion of the sale, the chief accounting officer directly owned 311,909 shares of the company’s stock, valued at approximately $6,955,570.70. This represents a 1.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 187,443 shares of company stock worth $4,178,618. 3.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LYFT. Arete Research set a $20.00 target price on Lyft and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on Lyft from $25.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. Wells Fargo & Company decreased their target price on shares of Lyft from $26.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Truist Financial lowered their price target on shares of Lyft from $23.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Lyft presently has a consensus rating of “Hold” and an average target price of $19.98.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Company guided to up to ~20% gross bookings growth for Q1 and reported record active riders and a 37% jump in EBITDA, suggesting improving operating leverage despite a headline loss. Zacks: Lyft Earnings & Revenues Fall Short
• Positive Sentiment: Company authorized a material share‑buyback (reported at ~$1.0B), which can support the stock and is a common reason for short‑term upward moves after a sell‑off. American Banking News: Lyft to Repurchase $1.00B
• Positive Sentiment: Value investors/analysts argue the post‑earnings drop is overdone — highlighting cheap multiples (low P/E, low P/S) and suggesting the share price presents an entry point. Seeking Alpha: Lyft’s Earnings Crash Is Overdone
• Neutral Sentiment: Technical note: some traders flag LYFT as oversold and sitting near support, which can trigger short‑term bounces but is not fundamentally decisive. Benzinga: Stock Of The Day
• Neutral Sentiment: Management publicly pushed back as the stock tumbled; CEO commentary may be intended to calm investors but hasn’t removed uncertainty. MSN: Lyft CEO Responds
• Negative Sentiment: Earnings and revenue miss triggered a large sell‑off — investors punished weaker-than-expected top‑line growth and an operating loss despite bookings strength, causing steep recent volatility. Zacks: Earnings & Revenues Fall Short
• Negative Sentiment: Market concern over accounting and “masked” weak growth was highlighted in coverage that tied accounting treatment to the stock’s 16% crash, raising investor skepticism. Yahoo Finance: Accounting Concerns
• Negative Sentiment: Analysts cut ratings/targets (e.g., Mizuho lowered its target and set a neutral rating) and at least one notable downgrade spurred further downside pressure. Benzinga: Mizuho Lowers Target
• Negative Sentiment: Ongoing safety incidents, violent assaults on drivers/riders and litigation (attempted kidnapping claims, murder/shootings, and a lawsuit alleging a passenger was taken to an attacker) raise regulatory, reputational and legal risk that can hurt demand and increase costs. AOL: Driver Murder Yahoo: Kidnapping Allegation Detroit News: Lawsuit
• Negative Sentiment: Competitive/regulatory risk: a new NYC ride app claims lower fares vs. Uber/Lyft but the city says the app is operating illegally — highlights pricing pressure and regulatory complexity in core markets. Yahoo: NYC Ride App vs. Lyft

Lyft Price Performance

LYFT opened at $13.27 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 0.65. Lyft, Inc. has a 52-week low of $9.66 and a 52-week high of $25.54. The stock has a market capitalization of $5.30 billion, a PE ratio of 1.95, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The stock’s 50 day moving average price is $18.49 and its 200-day moving average price is $19.00.

Lyft declared that its board has authorized a share repurchase program on Tuesday, February 10th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the ride-sharing company to buy up to 15.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

About Lyft

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.