LYFT Inc (NASDAQ:LYFT) Director Mary Agnes Wilderotter sold 559 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $43.84, for a total value of $24,506.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
LYFT stock opened at $46.46 on Monday. The stock’s 50-day moving average is $42.11 and its 200-day moving average is $52.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.49 and a current ratio of 1.49. LYFT Inc has a 12 month low of $37.07 and a 12 month high of $88.60.
LYFT (NASDAQ:LYFT) last released its quarterly earnings data on Wednesday, October 30th. The ride-sharing company reported ($1.57) EPS for the quarter, topping analysts’ consensus estimates of ($1.66) by $0.09. The firm had revenue of $955.60 million during the quarter, compared to analysts’ expectations of $915.15 million. The business’s revenue for the quarter was up 63.4% on a year-over-year basis. Sell-side analysts expect that LYFT Inc will post -10.59 EPS for the current year.
LYFT has been the topic of a number of recent analyst reports. ValuEngine raised LYFT from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. DA Davidson upped their price objective on LYFT from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price objective on LYFT to $82.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. SunTrust Banks upped their price objective on LYFT to $75.00 and gave the stock a “positive” rating in a report on Thursday, August 8th. Finally, Daiwa Capital Markets set a $70.00 price objective on LYFT and gave the stock a “buy” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $69.39.
Several institutional investors have recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC purchased a new position in shares of LYFT in the 3rd quarter worth about $3,162,000. Tiedemann Advisors LLC acquired a new stake in LYFT during the 3rd quarter valued at approximately $221,000. Forefront Analytics LLC acquired a new position in shares of LYFT in the 3rd quarter worth approximately $985,000. Benjamin F. Edwards & Company Inc. grew its position in shares of LYFT by 465.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,775 shares of the ride-sharing company’s stock worth $72,000 after acquiring an additional 1,461 shares in the last quarter. Finally, Lavaca Capital LLC acquired a new position in shares of LYFT in the 3rd quarter worth approximately $408,000. Institutional investors own 37.52% of the company’s stock.
LYFT Company Profile
Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.
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