Lyft, Inc. (NASDAQ:LYFT – Get Free Report) Director John Patrick Zimmer sold 7,923 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $16.54, for a total transaction of $131,046.42. Following the transaction, the director now owns 924,621 shares of the company’s stock, valued at approximately $15,293,231.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
John Patrick Zimmer also recently made the following trade(s):
- On Thursday, March 21st, John Patrick Zimmer sold 193,200 shares of Lyft stock. The shares were sold at an average price of $20.04, for a total transaction of $3,871,728.00.
Lyft Stock Up 0.6 %
Shares of NASDAQ:LYFT opened at $16.11 on Thursday. The stock has a market capitalization of $6.44 billion, a P/E ratio of -34.28 and a beta of 2.05. Lyft, Inc. has a 1 year low of $7.85 and a 1 year high of $20.82. The stock has a 50-day simple moving average of $17.65 and a 200-day simple moving average of $15.10. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82.
Hedge Funds Weigh In On Lyft
Analysts Set New Price Targets
Several brokerages have recently weighed in on LYFT. TD Cowen increased their target price on shares of Lyft from $14.00 to $16.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Royal Bank of Canada raised their target price on shares of Lyft from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Truist Financial raised their price target on shares of Lyft from $15.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. The Goldman Sachs Group raised their price target on shares of Lyft from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Finally, Piper Sandler lifted their target price on shares of Lyft from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.70.
Read Our Latest Stock Report on LYFT
Lyft Company 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.
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