10,813 Shares in Lyft, Inc. (NASDAQ:LYFT) Bought by Captrust Financial Advisors

Captrust Financial Advisors acquired a new position in shares of Lyft, Inc. (NASDAQ:LYFT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 10,813 shares of the ride-sharing company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its holdings in Lyft by 26.4% in the second quarter. CWM LLC now owns 6,968 shares of the ride-sharing company’s stock valued at $98,000 after purchasing an additional 1,457 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Lyft in the second quarter valued at $388,000. New York State Teachers Retirement System acquired a new stake in Lyft in the third quarter valued at $423,000. Susquehanna Fundamental Investments LLC acquired a new stake in Lyft in the second quarter valued at $3,349,000. Finally, Private Advisor Group LLC grew its holdings in Lyft by 300.9% in the second quarter. Private Advisor Group LLC now owns 69,697 shares of the ride-sharing company’s stock valued at $983,000 after purchasing an additional 52,311 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

Lyft Price Performance

Shares of NASDAQ LYFT opened at $14.29 on Tuesday. Lyft, Inc. has a fifty-two week low of $8.93 and a fifty-two week high of $20.82. The business has a 50 day moving average price of $15.36 and a two-hundred day moving average price of $13.55. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. The firm has a market cap of $5.93 billion, a PE ratio of -89.31, a price-to-earnings-growth ratio of 4.47 and a beta of 2.09.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings data on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned ($0.02) EPS. Lyft’s quarterly revenue was up 31.6% on a year-over-year basis. Sell-side analysts expect that Lyft, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on LYFT. Raymond James initiated coverage on Lyft in a report on Tuesday, September 24th. They issued a “market perform” rating on the stock. BMO Capital Markets increased their price objective on Lyft from $13.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Benchmark reaffirmed a “hold” rating on shares of Lyft in a research note on Thursday, November 7th. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price objective (up previously from $17.00) on shares of Lyft in a research note on Thursday, November 7th. Finally, Nomura raised Lyft from a “reduce” rating to a “neutral” rating and decreased their price objective for the company from $15.00 to $13.00 in a research note on Friday, August 23rd. Twenty-eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.77.

Insider Transactions at Lyft

In other Lyft news, insider Lindsay Catherine Llewellyn sold 4,242 shares of Lyft stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $17.76, for a total transaction of $75,337.92. Following the sale, the insider now owns 755,847 shares of the company’s stock, valued at $13,423,842.72. The trade was a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Logan Green sold 10,919 shares of Lyft stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total value of $188,352.75. Following the sale, the director now directly owns 314,492 shares in the company, valued at $5,424,987. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,242 shares of company stock worth $427,330. 3.07% of the stock is currently owned by corporate insiders.

Lyft Profile

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.