GSA Capital Partners LLP Cuts Holdings in Lyft, Inc. $LYFT

GSA Capital Partners LLP lowered its stake in shares of Lyft, Inc. (NASDAQ:LYFT) by 66.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,160 shares of the ride-sharing company’s stock after selling 58,968 shares during the quarter. GSA Capital Partners LLP’s holdings in Lyft were worth $642,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LYFT. Rothschild Investment LLC raised its position in Lyft by 142,300.0% during the third quarter. Rothschild Investment LLC now owns 28,480 shares of the ride-sharing company’s stock valued at $627,000 after purchasing an additional 28,460 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Lyft during the 3rd quarter valued at about $24,828,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Lyft by 5.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 155,236 shares of the ride-sharing company’s stock valued at $3,417,000 after buying an additional 8,243 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in Lyft in the 3rd quarter worth approximately $1,346,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in Lyft in the third quarter worth approximately $50,000. 83.07% of the stock is owned by institutional investors.

Lyft Price Performance

LYFT stock opened at $13.95 on Monday. The firm’s 50-day moving average price is $17.75 and its two-hundred day moving average price is $19.05. Lyft, Inc. has a 12-month low of $9.66 and a 12-month high of $25.54. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 2.05, a PEG ratio of 0.81 and a beta of 1.93. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31.

Lyft declared that its board has initiated a share buyback program on Tuesday, February 10th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the ride-sharing company to repurchase up to 15.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Prashant Aggarwal sold 96,900 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $22.30, for a total value of $2,160,870.00. Following the completion of the sale, the director owned 874,369 shares of the company’s stock, valued at $19,498,428.70. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John David Risher purchased 5,030 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $19.80 per share, for a total transaction of $99,594.00. Following the acquisition, the chief executive officer owned 11,802,296 shares of the company’s stock, valued at $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. In the last quarter, insiders have sold 187,443 shares of company stock worth $4,178,618. Insiders own 3.07% of the company’s stock.

Lyft News Roundup

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on LYFT shares. Mizuho decreased their price target on shares of Lyft from $27.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Benchmark reiterated a “buy” rating on shares of Lyft in a research report on Tuesday, October 28th. The Goldman Sachs Group boosted their price target on shares of Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. BMO Capital Markets raised their price objective on Lyft from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Finally, Evercore set a $21.00 price objective on Lyft in a report on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Lyft currently has a consensus rating of “Hold” and an average price target of $19.66.

Lyft Company 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.