25,014 Shares in Lyft, Inc. (NASDAQ:LYFT) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Lyft, Inc. (NASDAQ:LYFT) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,014 shares of the ride-sharing company’s stock, valued at approximately $484,000.

Other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC increased its holdings in shares of Lyft by 277.8% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,360 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Lyft by 685.2% during the 4th quarter. Allworth Financial LP now owns 1,916 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 1,672 shares during the last quarter. a16z Perennial Management L.P. acquired a new position in Lyft in the 4th quarter valued at $34,000. Kapitalo Investimentos Ltda acquired a new position in Lyft in the 4th quarter valued at $34,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Lyft in the 4th quarter valued at $40,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LYFT has been the topic of a number of research reports. Bank of America raised Lyft from an “underperform” rating to a “buy” rating and upped their price objective for the company from $15.00 to $20.00 in a report on Friday, June 7th. The Goldman Sachs Group upped their price objective on Lyft from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Wedbush upped their price objective on Lyft from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Tigress Financial upped their target price on Lyft from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Lyft in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lyft currently has a consensus rating of “Hold” and an average target price of $18.04.

Lyft Price Performance

Lyft stock opened at $12.21 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $4.93 billion, a PE ratio of -25.98 and a beta of 2.06. Lyft, Inc. has a 12 month low of $8.85 and a 12 month high of $20.82. The stock has a 50-day moving average price of $14.21 and a two-hundred day moving average price of $15.51.

Lyft (NASDAQ:LYFT) last issued its quarterly earnings results on Tuesday, May 7th. The ride-sharing company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.09. Lyft had a negative return on equity of 23.77% and a negative net margin of 3.94%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Analysts expect that Lyft, Inc. will post -0.18 EPS for the current year.

Insider Transactions at Lyft

In other news, CAO Lisa Blackwood-Kapral sold 9,083 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $15.67, for a total transaction of $142,330.61. Following the completion of the transaction, the chief accounting officer now directly owns 351,853 shares in the company, valued at $5,513,536.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Kristin Sverchek sold 3,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $17.50, for a total transaction of $61,250.00. Following the completion of the transaction, the president now directly owns 60,778 shares in the company, valued at $1,063,615. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lisa Blackwood-Kapral sold 9,083 shares of Lyft stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $15.67, for a total value of $142,330.61. Following the completion of the sale, the chief accounting officer now owns 351,853 shares of the company’s stock, valued at $5,513,536.51. The disclosure for this sale can be found here. Insiders sold 43,333 shares of company stock worth $680,974 over the last ninety days. 3.07% of the stock is owned by insiders.

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.