Lyft Inc (NASDAQ:LYFT) shares traded -3.33% lower at $15.08 on Wall Street last session.
LYFT stock price is now -10.84% away from the 50-day moving average and 8.15% away from the 200-day moving average. The market capitalization of the company currently stands at $6.08B.
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With the price target maintained at $20, Loop Capital recently Upgraded its rating from Hold to Buy for Lyft Inc (NASDAQ: LYFT). On June 07, 2024, Gordon Haskett Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $17 to quote $20, while ‘Fox Advisors’ rates the stock as ‘Overweight’
In other news, Sverchek Kristin, PRESIDENT sold 6,500 shares of the company’s stock on Jun 03 ’24. The stock was sold for $102,485 at an average price of $15.77. Upon completion of the transaction, the PRESIDENT now directly owns 54,278 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 29 ’24, Director Green Logan sold 10,475 shares of the business’s stock. A total of $164,972 was realized by selling the stock at an average price of $15.75. This leaves the insider owning 329,202 shares of the company worth $4.96 million. A total of 14.94% of the company’s stock is owned by insiders.
During the past 12 months, Lyft Inc has had a low of $8.85 and a high of $20.82. As of last week, the company has a debt-to-equity ratio of 2.50, a current ratio of 0.82, and a quick ratio of 0.82. The fifty day moving average price for LYFT is $16.8272 and a two-hundred day moving average price translates $13.9657 for the stock.
The latest earnings results from Lyft Inc (NASDAQ: LYFT) was released for 2024-03-31. The net profit margin was -3.94% and return on equity was -42.18% for LYFT. The company reported revenue of $1.28 billion for the quarter, compared to $1.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.65 percent.
