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Lyft experienced a 3.69% decrease in insider positions, with 15,407 shares sold over the past ninety days. Institutional investors own 83.07% of the company, with notable increases from California State Teachers Retirement System and Wealth Enhancement Advisory Services. Analysts have lowered Lyft's price target, with a consensus rating of "Hold" and an average target price of $16.66, while the stock traded down 10% to $11.66 recently.
Lyft's director now holds 911,922 shares valued at over $11 million after a recent sale, reflecting a 0.27% decrease in ownership. Insiders have sold 15,407 shares in the past three months, while hedge funds increased their stakes significantly, owning 83.07% of the company. Analysts have downgraded Lyft's stock rating, with a consensus price target of $16.69, as the company faces challenges despite a recent stock buyback authorization of $500 million.
Lyft, Inc. operates a ridesharing marketplace in the U.S. and Canada, with 83.07% of its stock owned by institutional investors. Recent analyst reports have lowered price targets, with UBS Group setting it at $15.00, while the stock trades around $13.83, reflecting a 3.9% decline. The company has initiated a $500 million share repurchase plan, indicating management's belief in its undervaluation.
Lyft's shares were sold at an average price of $17.25, totaling $188,352.75, resulting in a 3.36% decrease in ownership for the director, who now holds 314,492 shares valued at approximately $5.42 million. Institutional investors own 83.07% of the stock, with significant increases in holdings from firms like Pacer Advisors and Harel Insurance. Analysts have mixed ratings, with a consensus "Hold" and a price target averaging $17.78, while Lyft's stock recently traded at $13.67, reflecting a 52-week range of $8.93 to $20.82.
Logan Green
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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