Lindsay Catherine Llewellyn Sells 23,661 Shares of Lyft (NASDAQ:LYFT) Stock

Lyft, Inc. (NASDAQ:LYFT) insider Lindsay Catherine Llewellyn sold 23,661 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $13.30, for a total transaction of $314,691.30. Following the sale, the insider owned 696,850 shares of the company’s stock, valued at approximately $9,268,105. This represents a 3.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Lyft Stock Performance

Shares of LYFT stock opened at $13.84 on Friday. Lyft, Inc. has a 52 week low of $9.66 and a 52 week high of $25.54. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 2.03, a PEG ratio of 0.83 and a beta of 1.93. The company has a 50-day simple moving average of $17.17 and a 200 day simple moving average of $19.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 0.65.

Lyft declared that its board has approved a stock repurchase plan on Tuesday, February 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the ride-sharing company to buy up to 15.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Acquisition/growth signal — coverage highlights Lyft’s deal to buy FreeNow, which could expand its geographic footprint and address demand-supply scale benefits (a potential long-term positive for revenue and market reach). Lyft Union Push And FreeNow Deal Reshape Growth And Valuation Outlook
• Positive Sentiment: Local demand promotion — a Houston-area law firm arranged discounted Lyft rides for Rodeo attendees, a small but positive user-acquisition/PR event that can boost local trips. Houston-area law firm to offer discounted Lyft rides from Houston Livestock Show and Rodeo
• Positive Sentiment: Investor visibility — Lyft presented at Bernstein’s Tech, Media & Telecom forum (transcript published), which helps communicate strategy to institutional investors and can support sentiment if guidance or unit economics look favorable. Lyft Presents at Bernstein Insights
• Neutral Sentiment: Analyst stances mixed — JPMorgan reaffirmed a Hold with a $19 target while other shops have trimmed targets; varied price targets leave analyst-driven catalyst limited near term. Where is Lyft, Inc. (LYFT) Headed According to the Street?
• Neutral Sentiment: Options and floor debate — options-flow analysis and commentary (Benzinga/Forbes) show traders positioning around a potential bottom; useful for short-term volatility but ambiguous for fundamentals. What the Options Market Tells Us About Lyft
• Negative Sentiment: Insider selling — an insider sold ~23,661 shares (~$314.7k at ~$13.30), trimming their position; while not a huge block, insider sales can weigh on sentiment when the stock is already weak. SEC Form 4 — Insider Sale
• Negative Sentiment: Labor/headcount pressure — union activity in California and Seattle protests urging Uber/Lyft to stop adding drivers highlight regulatory and labor risks that could raise costs or constrain growth tactics. WA union for Uber, Lyft drivers wants companies to stop hiring
• Negative Sentiment: Safety/PR hit — a reported incident during a ride (Utah passenger safety story) can pressure brand perception and potentially increase compliance/safety costs. Utah woman orders food delivery during a Lyft ride—unaware her driver was plotting something chilling

Institutional Trading of Lyft

Institutional investors and hedge funds have recently made changes to their positions in the company. Heartland Advisors Inc. boosted its position in shares of Lyft by 68.2% during the 3rd quarter. Heartland Advisors Inc. now owns 594,800 shares of the ride-sharing company’s stock worth $13,092,000 after purchasing an additional 241,250 shares in the last quarter. Nierenberg Investment Management Company Inc. bought a new stake in Lyft in the 2nd quarter valued at about $671,000. Savant Capital LLC raised its stake in Lyft by 78.1% during the 2nd quarter. Savant Capital LLC now owns 427,813 shares of the ride-sharing company’s stock worth $6,742,000 after buying an additional 187,625 shares during the period. CWM LLC boosted its holdings in Lyft by 52.1% in the third quarter. CWM LLC now owns 819,677 shares of the ride-sharing company’s stock worth $18,041,000 after acquiring an additional 280,886 shares in the last quarter. Finally, Abacus FCF Advisors LLC bought a new position in Lyft in the third quarter worth approximately $6,442,000. Institutional investors own 83.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on LYFT. Sanford C. Bernstein boosted their price target on Lyft from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday, November 10th. The Goldman Sachs Group lifted their target price on Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 7th. DA Davidson reduced their target price on shares of Lyft from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Zephirin Group upped their price target on shares of Lyft from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, November 6th. Finally, Jefferies Financial Group lowered their price target on shares of Lyft from $20.00 to $15.50 and set a “hold” rating on the stock in a research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.