Nicollet Investment Management Inc. Invests $927,000 in Lyft, Inc. $LYFT

Nicollet Investment Management Inc. acquired a new stake in shares of Lyft, Inc. (NASDAQ:LYFT) in the fourth quarter, Holdings Channel reports. The firm acquired 47,853 shares of the ride-sharing company’s stock, valued at approximately $927,000.

Several other large investors also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its stake in Lyft by 23.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock worth $75,000 after acquiring an additional 639 shares in the last quarter. CI Investments Inc. raised its stake in shares of Lyft by 39.1% during the third quarter. CI Investments Inc. now owns 2,321 shares of the ride-sharing company’s stock valued at $51,000 after acquiring an additional 653 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Lyft by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,808 shares of the ride-sharing company’s stock valued at $248,000 after purchasing an additional 681 shares during the period. Allegiance Financial Group Advisory Services LLC grew its stake in Lyft by 4.3% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 18,153 shares of the ride-sharing company’s stock worth $352,000 after purchasing an additional 756 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Lyft by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock worth $3,684,000 after purchasing an additional 771 shares in the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LYFT has been the subject of a number of research analyst reports. DA Davidson decreased their target price on Lyft from $19.00 to $14.50 and set a “neutral” rating for the company in a research report on Monday, May 18th. Susquehanna reissued a “neutral” rating and set a $15.00 price target on shares of Lyft in a research report on Thursday, February 12th. Roth Mkm restated a “buy” rating and set a $23.00 price target on shares of Lyft in a research note on Friday, May 8th. Wells Fargo & Company decreased their price objective on Lyft from $26.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Lyft in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.83.

Insider Buying and Selling at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 23,661 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $15.00, for a total transaction of $354,915.00. Following the completion of the sale, the insider owned 916,022 shares in the company, valued at approximately $13,740,330. This represents a 2.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jill Beggs sold 2,093 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total value of $28,799.68. Following the completion of the sale, the director directly owned 30,092 shares of the company’s stock, valued at $414,065.92. The trade was a 6.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 54,196 shares of company stock worth $788,521 over the last quarter. Insiders own 0.92% of the company’s stock.

Lyft Stock Down 3.5%

Shares of NASDAQ LYFT opened at $13.39 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $5.08 billion, a PE ratio of 1.95, a price-to-earnings-growth ratio of 0.86 and a beta of 1.82. The stock’s fifty day simple moving average is $13.88 and its two-hundred day simple moving average is $15.96. Lyft, Inc. has a 12-month low of $12.46 and a 12-month high of $25.54.

Lyft (NASDAQ:LYFT) last released its quarterly earnings results on Thursday, May 7th. The ride-sharing company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.26). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Lyft had a negative return on equity of 2.09% and a net margin of 43.82%.The company’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. As a group, analysts expect that Lyft, Inc. will post 0.66 EPS for the current fiscal year.

Key Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft and Baidu plan to begin testing robotaxis in London, a sign the company is continuing to invest in autonomous-vehicle partnerships that could support future growth. Lyft, Baidu to start testing robotaxis in London
• Positive Sentiment: Analysts continue to characterize Lyft as a “Hold,” and one value-focused piece suggested the stock may be undervalued after recent weakness, indicating some investors see potential upside from the current valuation. Is Lyft Inc (LYFT) a Bargain After 3.4% Drop? GF Value Says Undervalued

About Lyft

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.