Lyft, Inc. $LYFT Position Trimmed by CenterBook Partners LP

CenterBook Partners LP trimmed its holdings in shares of Lyft, Inc. (NASDAQ:LYFT) by 91.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,915 shares of the ride-sharing company’s stock after selling 458,659 shares during the period. CenterBook Partners LP’s holdings in Lyft were worth $967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LYFT. Quent Capital LLC acquired a new stake in Lyft during the third quarter worth about $34,000. Abich Financial Wealth Management LLC acquired a new position in Lyft in the third quarter valued at approximately $50,000. Tower Research Capital LLC TRC grew its holdings in shares of Lyft by 410.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,217 shares of the ride-sharing company’s stock valued at $51,000 after purchasing an additional 2,587 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Lyft during the 3rd quarter worth approximately $55,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Lyft in the 2nd quarter worth approximately $62,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Roth Mkm set a $22.00 target price on Lyft in a research report on Wednesday, February 11th. DA Davidson cut their price objective on shares of Lyft from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Arete Research set a $20.00 target price on shares of Lyft and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Canaccord Genuity Group dropped their price target on shares of Lyft from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. Finally, Evercore set a $21.00 price target on Lyft in a report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.66.

Lyft Trading Up 0.4%

Shares of NASDAQ:LYFT opened at $13.95 on Friday. The company has a 50 day moving average of $17.75 and a 200-day moving average of $18.99. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.57 billion, a P/E ratio of 2.05, a P/E/G ratio of 0.81 and a beta of 1.93. Lyft, Inc. has a twelve month low of $9.66 and a twelve month high of $25.54.

Lyft announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the ride-sharing company to reacquire up to 15.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Lyft News Summary

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Bullish take arguing Lyft still has “incredible upside” despite autonomous‑vehicle fears, highlighting potential long‑term value if execution/monetization improves. Lyft: Incredible Upside Potential Despite AV Fears
• Neutral Sentiment: Lyft CFO Erin Brewer will appear at the Bernstein TMT forum next week; the fireside chat (webcast available) gives management a venue to address guidance, margin plans and cost discipline with investors. Lyft CFO to Participate in Fireside Chat at the Bernstein TMT Forum
• Neutral Sentiment: Comparisons between Uber and Lyft after Q4 suggest both firms missed, but analysts point to differences in valuation, buybacks and recent price performance when choosing which ride‑hailer might rebound faster. That framing leaves Lyft more exposed to sentiment shifts. UBER vs. LYFT: Which Ride‑Hailing Stock Is Better Placed Post Q4?
• Negative Sentiment: Q4 update: revenue growth missed expectations even though non‑GAAP profit topped forecasts — investors have punished the stock on growth concerns, contributing to sharp short‑term declines. Lyft (NasdaqGS:LYFT) Valuation Check After Q4 Miss On Revenue Growth But Beat On Non GAAP Profit
• Negative Sentiment: Analysts have trimmed Lyft’s fair value and nudged up required returns, lowering growth assumptions (fair value moved from ~$24.07 to ~$20.31 in one note) — a direct headwind for sentiment and target prices. How The Story Behind Lyft (LYFT) Is Changing As Analysts Reset Expectations
• Negative Sentiment: Local criminal case: two teens charged in a fatal shooting of a Lyft driver — a reputational and liability issue that can raise regulatory/safety scrutiny and insurance/legal costs. 2 teens charged for Lyft driver’s deadly shooting
• Negative Sentiment: Operational cost pressure at airports: reports say SFO is collecting record fees from Uber and Lyft, which can squeeze margins on key pickup/drop‑off locations and make unit economics tougher. SFO is taking your Uber and Lyft cash at a new record high

Insider Buying and Selling at Lyft

In other news, Director Prashant Aggarwal sold 96,900 shares of Lyft stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $22.30, for a total value of $2,160,870.00. Following the transaction, the director owned 874,369 shares of the company’s stock, valued at $19,498,428.70. The trade was a 9.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John David Risher bought 5,030 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average price of $19.80 per share, for a total transaction of $99,594.00. Following the completion of the acquisition, the chief executive officer directly owned 11,802,296 shares in the company, valued at approximately $233,685,460.80. This represents a 0.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 187,443 shares of company stock valued at $4,178,618. Corporate insiders own 3.07% of the company’s stock.

Lyft 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.