Lyft, Inc. (NASDAQ:LYFT) CAO Sells $290,123.90 in Stock

Lyft, Inc. (NASDAQ:LYFTGet Free Report) CAO Lisa Blackwood-Kapral sold 18,065 shares of Lyft stock in a transaction on Monday, February 26th. The shares were sold at an average price of $16.06, for a total transaction of $290,123.90. Following the completion of the transaction, the chief accounting officer now owns 255,817 shares in the company, valued at approximately $4,108,421.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Lisa Blackwood-Kapral also recently made the following trade(s):

  • On Tuesday, December 26th, Lisa Blackwood-Kapral sold 18,581 shares of Lyft stock. The stock was sold at an average price of $15.26, for a total value of $283,546.06.
  • On Friday, December 1st, Lisa Blackwood-Kapral sold 18,575 shares of Lyft stock. The stock was sold at an average price of $12.40, for a total value of $230,330.00.

Lyft Stock Performance

LYFT stock traded down $0.97 during trading on Wednesday, hitting $15.69. 16,399,165 shares of the company’s stock traded hands, compared to its average volume of 19,448,584. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of -17.63 and a beta of 1.90. Lyft, Inc. has a 52 week low of $7.85 and a 52 week high of $19.42. The stock has a fifty day moving average price of $14.10 and a two-hundred day moving average price of $12.18. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.55.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LYFT. Barclays increased their target price 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. Wedbush reissued a “neutral” rating and issued a $15.00 target price (up previously from $14.00) on shares of Lyft in a research note on Wednesday, February 14th. TD Cowen upped their price target on shares of Lyft from $10.00 to $12.00 and gave the stock a “market perform” rating in a research report on Monday, January 22nd. Wells Fargo & Company raised their price objective on Lyft from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Finally, Nomura downgraded Lyft from a “neutral” rating to a “reduce” rating and upped their target price for the stock from $11.70 to $13.00 in a research report on Friday, December 29th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.67.

Read Our Latest Stock Report on Lyft

Institutional Investors Weigh In On Lyft

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its stake in Lyft by 685.2% in the fourth quarter. Allworth Financial LP now owns 1,916 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 1,672 shares during the period. a16z Perennial Management L.P. acquired a new position in Lyft during the 4th quarter valued at approximately $34,000. C M Bidwell & Associates Ltd. bought a new position in Lyft during the 4th quarter worth $40,000. Quarry LP acquired a new stake in Lyft in the fourth quarter worth $44,000. Finally, BluePath Capital Management LLC bought a new stake in Lyft in the third quarter valued at $35,000. Institutional investors own 71.63% of the company’s stock.

About Lyft

(Get Free Report)

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.

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

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