John Patrick Zimmer Sells 2,424 Shares of Lyft, Inc. (NASDAQ:LYFT) Stock

by · The Cerbat Gem

Lyft, Inc. (NASDAQ:LYFT – Get Free Report) Director John Patrick Zimmer sold 2,424 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.32, for a total value of $27,439.68. Following the completion of the sale, the director now owns 929,638 shares of the company’s stock, valued at $10,523,502.16. The transaction was disclosed in a filing with the SEC, which is available through this link.

John Patrick Zimmer also recently made the following trade(s):

  • On Tuesday, August 20th, John Patrick Zimmer sold 7,188 shares of Lyft stock. The shares were sold at an average price of $11.40, for a total value of $81,943.20.

Lyft Trading Up 3.0 %

Shares of LYFT opened at $12.53 on Friday. The company’s fifty day simple moving average is $11.56 and its 200-day simple moving average is $14.73. The company has a market cap of $5.06 billion, a P/E ratio of -26.66 and a beta of 2.04. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Lyft, Inc. has a twelve month low of $8.85 and a twelve month high of $20.82.

Lyft (NASDAQ:LYFT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The ride-sharing company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Lyft had a negative net margin of 1.27% and a negative return on equity of 8.57%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company posted ($0.14) EPS. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, analysts expect that Lyft, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Nomura raised Lyft from a “reduce” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $13.00 in a research report on Friday, August 23rd. Melius initiated coverage on shares of Lyft in a research report on Monday, July 22nd. They issued a “hold” rating and a $15.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Lyft from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. Loop Capital cut their price target on Lyft from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Finally, Vertical Research upgraded Lyft to a “strong-buy” rating in a research report on Friday, June 7th. Twenty-six 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 a consensus price target of $15.65.

View Our Latest Research Report on LYFT

Hedge Funds Weigh In On Lyft

A number of large investors have recently bought and sold shares of LYFT. FinTrust Capital Advisors LLC increased its stake in Lyft by 277.8% in the first quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 1,000 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Lyft in the 4th quarter worth about $34,000. International Assets Investment Management LLC bought a new stake in Lyft during the 2nd quarter valued at about $35,000. Brown Brothers Harriman & Co. bought a new position in Lyft in the 2nd quarter worth about $35,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Lyft during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Lyft Company Profile

(Get Free Report)

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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