On April 10, 2023 at 10:32:42 ET an unusually large $123.50K block of Call contracts in LYFT (LYFT) was sold, with a strike price of $10.00 / share, expiring in 102 days (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.81 sigmas above the mean, placing it in the 94.07 percentile of all recent large trades made in LYFT options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 71.46% Upside
As of April 6, 2023, the average one-year price target for LYFT is $16.17. The forecasts range from a low of $9.09 to a high of $63.00. The average price target represents an increase of 71.46% from its latest reported closing price of $9.43.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for LYFT is $4,935MM, an increase of 20.51%. The projected annual non-GAAP EPS is $0.90.
What is the Fund Sentiment?
There are 804 funds or institutions reporting positions in LYFT. This is a decrease of 39 owner(s) or 4.63% in the last quarter. Average portfolio weight of all funds dedicated to LYFT is 0.20%, an increase of 3.52%. Total shares owned by institutions increased in the last three months by 3.47% to 336,443K shares. The put/call ratio of LYFT is 0.60, indicating a bullish outlook.
What are Large Shareholders Doing?
FBGRX – Fidelity Blue Chip Growth Fund holds 19,351K shares representing 5.12% ownership of the company. In it’s prior filing, the firm reported owning 18,677K shares, representing an increase of 3.48%. The firm increased its portfolio allocation in LYFT by 7.93% over the last quarter.
Fisher Asset Management holds 10,990K shares representing 2.91% ownership of the company. In it’s prior filing, the firm reported owning 11,725K shares, representing a decrease of 6.69%. The firm decreased its portfolio allocation in LYFT by 29.27% over the last quarter.
Contrarius Investment Management holds 10,434K shares representing 2.76% ownership of the company.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 9,670K shares representing 2.56% ownership of the company. In it’s prior filing, the firm reported owning 8,718K shares, representing an increase of 9.85%. The firm decreased its portfolio allocation in LYFT by 14.28% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 8,170K shares representing 2.16% ownership of the company. In it’s prior filing, the firm reported owning 7,433K shares, representing an increase of 9.02%. The firm decreased its portfolio allocation in LYFT by 14.85% over the last quarter.
Lyft Background Information
(This description is provided by the company.)
Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Its transportation network brings together rideshare, bikes, scooters, car rentals and transit all in one app. The Company is singularly driven by its mission: to improve people’s lives with the world’s best transportation.
This article originally appeared on Fintel
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