GSA Capital Partners LLP Grows Stock Holdings in Lyft, Inc. (NASDAQ:LYFT)

GSA Capital Partners LLP grew its holdings in Lyft, Inc. (NASDAQ:LYFT) by 13.9% during the third quarter, HoldingsChannel reports. The firm owned 100,615 shares of the ride-sharing company’s stock after acquiring an additional 12,252 shares during the period. GSA Capital Partners LLP’s holdings in Lyft were worth $1,283,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Crossmark Global Holdings Inc. increased its holdings in Lyft by 4.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 23,460 shares of the ride-sharing company’s stock valued at $330,000 after purchasing an additional 993 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Lyft by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,894 shares of the ride-sharing company’s stock valued at $196,000 after purchasing an additional 1,160 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Lyft by 6.1% in the 2nd quarter. QRG Capital Management Inc. now owns 24,854 shares of the ride-sharing company’s stock valued at $350,000 after purchasing an additional 1,437 shares during the last quarter. CWM LLC increased its holdings in Lyft by 26.4% in the 2nd quarter. CWM LLC now owns 6,968 shares of the ride-sharing company’s stock valued at $98,000 after purchasing an additional 1,457 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Lyft by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 185,280 shares of the ride-sharing company’s stock valued at $2,612,000 after purchasing an additional 1,477 shares during the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John Patrick Zimmer sold 7,188 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $11.40, for a total transaction of $81,943.20. Following the transaction, the director now directly owns 932,062 shares in the company, valued at $10,625,506.80. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $18.02, for a total transaction of $163,639.62. Following the transaction, the chief accounting officer now owns 332,243 shares in the company, valued at approximately $5,987,018.86. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,987 shares of company stock valued at $619,025. Insiders own 3.07% of the company’s stock.

Lyft Price Performance

Shares of NASDAQ:LYFT opened at $17.92 on Friday. The company has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $13.55. Lyft, Inc. has a one year low of $8.93 and a one year high of $20.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of -112.00, a PEG ratio of 6.61 and a beta of 2.04.

Lyft (NASDAQ:LYFT) last announced its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company earned ($0.02) earnings per share. The business’s revenue was up 31.6% compared to the same quarter last year. On average, analysts predict that Lyft, Inc. will post 0.06 EPS for the current year.

Analyst Ratings Changes

LYFT has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a report on Thursday, November 7th. Wedbush restated a “neutral” rating and issued a $20.00 price target (up previously from $12.00) on shares of Lyft in a research note on Thursday, November 7th. TD Cowen boosted their price target on shares of Lyft from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Nomura Securities upgraded shares of Lyft from a “strong sell” rating to a “hold” rating in a research note on Friday, August 23rd. Finally, Loop Capital dropped their price target on shares of Lyft from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Twenty-eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.48.

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.