Lyft director Jill Beggs sells $21,206 in stock

SAN FRANCISCO—Jill Beggs, a director at Lyft , Inc. (NASDAQ:LYFT), recently sold a portion of her holdings in the company. According to a recent SEC filing, Beggs sold 1,572 shares of Class A Common Stock on February 21, 2025. The shares were sold at an average price of $13.49 each, amounting to a total transaction value of $21,206. The sale comes as Lyft’s stock has experienced significant volatility, with InvestingPro data showing a -9.2% decline in the past week and a market capitalization of $5.3 billion.

Following this transaction, Beggs holds 23,611 shares of Lyft stock. The sale was conducted under a Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a specified time to avoid potential conflicts of interest. According to InvestingPro analysis, Lyft currently trades at a P/E ratio of 227, suggesting a premium valuation relative to earnings.

Certain securities held by Beggs are restricted stock units (RSUs), which represent a contingent right to receive shares subject to vesting schedules and conditions. For comprehensive insights into Lyft’s valuation and 13 additional ProTips, investors can access the detailed Pro Research Report available on InvestingPro.

In other recent news, Lyft’s earnings and revenue results have sparked significant attention among analysts and investors. The company’s fourth-quarter adjusted EBITDA exceeded expectations, reaching $112.8 million compared to the anticipated $104 million, while reporting a GAAP Net Income and Free Cash Flow of $140 million. However, Lyft’s first-quarter bookings growth guidance of 10-14% has fallen short of expectations, leading several firms to adjust their price targets. Bernstein, DA Davidson, and BMO Capital Markets have all reduced their price targets for Lyft to $15, citing competitive pricing pressures and the recent end of Lyft’s partnership with Delta Airlines (NYSE:DAL) as contributing factors.

RBC Capital Markets also lowered its price target to $21, highlighting challenges in the fourth quarter but noting significant rides growth and competition with Uber (NYSE:UBER). Despite these challenges, analysts like RBC’s Brad Erickson remain optimistic about Lyft’s long-term prospects, citing potential for significant margin and free cash flow growth. Benchmark maintained a Buy rating with a $20 price target, expressing confidence in Lyft’s growth potential and identifying it as a top growth-at-a-reasonable-price (GARP) opportunity. The initiation of a $500 million stock buyback program and a favorable autonomous vehicle partnership were noted as positive developments amid the competitive landscape.

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