Lyft, Inc. (NASDAQ:LYFT – Get Free Report) shares dropped 7.3% on Wednesday . The stock traded as low as $15.15 and last traded at $15.0550. Approximately 9,927,713 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 14,569,576 shares. The stock had previously closed at $16.24.
Key Lyft News
Here are the key news stories impacting Lyft this week:
- Positive Sentiment: Waymo partnership expands Lyft’s autonomous-ride offering. Lyft is now matching Nashville riders with Waymo robotaxis through its app. The arrangement could increase ride availability, strengthen Lyft’s position in autonomous mobility and create longer-term growth opportunities without requiring Lyft to develop its own self-driving technology. Waymo Rides Now Available on the Lyft App in Nashville
- Positive Sentiment: Lyft reaffirmed its third-quarter 2026 guidance for gross bookings, adjusted EBITDA and adjusted EBITDA margin, indicating that management has not reduced its near-term operating outlook. Lyft Names New CFO, Reaffirms Q3 2026 Guidance
- Neutral Sentiment: Michael Brous will become CFO on September 28, replacing Erin Brewer, who will retire from the role and remain as an adviser through December 15. Brous is an internal candidate with nearly eight years at Lyft, which supports continuity, but the change adds uncertainty around a key finance position. Ride-hailing firm Lyft names Michael Brous as CFO
- Negative Sentiment: Recent insider activity is weighing on sentiment. Reported transactions show 14 insider sales and no purchases over the past six months, including sales by Brewer and other executives. A new sale by Lindsay Llewellyn further reinforces investor caution, although some transactions were conducted under prearranged Rule 10b5-1 plans. Lyft Executive Lindsay Llewellyn Sells Shares
- Negative Sentiment: The CFO announcement overshadowed the unchanged outlook. Investors appear to be treating the leadership transition and insider selling as near-term risks, causing the stock to decline even though Lyft maintained its guidance. Analyst price targets remain mixed, with recent targets ranging from $14.50 to $28.
Analyst Ratings Changes
A number of research firms have recently weighed in on LYFT. Sanford C. Bernstein began coverage on Lyft in a research note on Wednesday, June 17th. They issued an “underperform” rating on the stock. Oppenheimer began coverage on Lyft in a report on Wednesday, June 17th. They set an “outperform” rating for the company. Jefferies Financial Group increased their price objective on shares of Lyft from $15.00 to $15.50 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 target price on shares of Lyft in a research note on Tuesday, August 18th. Finally, Susquehanna restated a “neutral” rating and issued a $18.00 price target on shares of Lyft in a research report on Monday, August 10th. Thirteen investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lyft currently has a consensus rating of “Hold” and an average target price of $19.69.
View Our Latest Analysis on LYFT
Lyft Trading Down 7.3%
The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a 50-day moving average price of $16.29 and a two-hundred day moving average price of $14.67. The stock has a market capitalization of $5.70 billion, a P/E ratio of 2.19, a price-to-earnings-growth ratio of 1.14 and a beta of 1.83.
Lyft (NASDAQ:LYFT – Get Free Report) last announced its earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $0.10 EPS. Lyft’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, research analysts forecast that Lyft, Inc. will post 0.73 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CAO Stephen Hope sold 5,982 shares of Lyft stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $17.34, for a total value of $103,727.88. Following the transaction, the chief accounting officer owned 299,974 shares of the company’s stock, valued at $5,201,549.16. The trade was a 1.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Llewellyn sold 13,204 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $16.64, for a total transaction of $219,714.56. Following the completion of the sale, the insider directly owned 781,152 shares in the company, valued at approximately $12,998,369.28. The trade was a 1.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 112,020 shares of company stock worth $1,834,809. 0.92% of the stock is owned by corporate insiders.
Institutional Trading of Lyft
Several hedge funds and other institutional investors have recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Lyft during the 4th quarter worth $26,000. Plato Investment Management Ltd acquired a new stake in shares of Lyft in the 2nd quarter valued at $27,000. International Assets Investment Management LLC bought a new stake in Lyft during the 4th quarter worth $40,000. Huntington National Bank lifted its stake in Lyft by 171.8% in the fourth quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 1,374 shares during the last quarter. Finally, Boreal Capital Management LLC purchased a new position in shares of Lyft in the first quarter valued at $31,000. 83.07% of the stock is owned by hedge funds and other institutional investors.
About Lyft
Lyft, Inc NASDAQ: LYFT operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.
Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.
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