<div id="readability-page-1"><p>Federated Hermes Inc. reduced its holdings in  Lyft, Inc. (NASDAQ:LYFT - Free Report) by 63.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 701,242 shares of the ride-sharing company's stock after selling 1,217,844 shares during the period. Federated Hermes Inc. owned approximately 0.17% of Lyft worth $15,434,000 as of its most recent SEC filing.</p><ul><li>Instacart’s Pricing Tests Spark Backlash... But Investors Didn't Care</li></ul><p>Other institutional investors have also recently bought and sold shares of the company. Joule Financial LLC bought a new stake in shares of  Lyft in the second quarter worth about $760,000.  KLP Kapitalforvaltning AS grew its position in shares of  Lyft by 42.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 110,400 shares of the ride-sharing company's stock valued at $1,740,000 after purchasing an additional 33,000 shares during the period.  Nierenberg Investment Management Company Inc. bought a new stake in  Lyft during the 2nd quarter worth approximately $671,000.  Savant Capital LLC raised its holdings in  Lyft by 78.1% during the 2nd quarter. Savant Capital LLC now owns 427,813 shares of the ride-sharing company's stock worth $6,742,000 after buying an additional 187,625 shares during the period.  Finally, CWM LLC lifted its stake in  Lyft by 52.1% in the third quarter. CWM LLC now owns 819,677 shares of the ride-sharing company's stock valued at $18,041,000 after buying an additional 280,886 shares in the last quarter. Institutional investors and hedge funds own  83.07% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In other news, Director David Lawee sold 6,578 shares of the business's stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $22.55, for a total transaction of $148,333.90. Following the transaction, the director directly owned 104,460 shares in the company, valued at $2,355,573. The trade was a 5.92% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. Also, Director Prashant Aggarwal sold 96,900 shares of the firm's stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $22.30, for a total transaction of $2,160,870.00. Following the completion of the sale, the director owned 874,369 shares of the company's stock, valued at $19,498,428.70. This trade represents a 9.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 187,443 shares of company stock valued at $4,178,618 in the last ninety days. 3.07% of the stock is currently owned by insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>MarketBeat Week in Review – 11/03 - 11/07</li></ul><p>LYFT has been the subject of several research reports. UBS Group increased their price objective on shares of Lyft from $15.00 to $21.00 and gave the stock a &#34;neutral&#34; rating in a research report on Tuesday, October 28th. Oppenheimer  set a $26.00 target price on Lyft and gave the stock an &#34;outperform&#34; rating in a report on Thursday, November 6th. Wells Fargo &amp; Company lifted their price target on Lyft from $20.00 to $26.00 and gave the company an &#34;equal weight&#34; rating in a research note on Tuesday, December 9th. Wedbush cut Lyft from a &#34;neutral&#34; rating to an &#34;underperform&#34; rating and reduced their price objective for the stock from $20.00 to $16.00 in a research report on Friday, December 19th. Finally, Roth Mkm  set a $25.00 price objective on Lyft and gave the stock a &#34;buy&#34; rating in a report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned  a Hold rating and two have issued  a Sell rating to the company. Based on data from MarketBeat, Lyft  has an average rating of &#34;Hold&#34; and a consensus target price of $22.76.</p><p><b>Check Out Our Latest Stock Analysis on LYFT</b></p><h2>Lyft Price Performance</h2><ul><li>Uber Is Crushing Lyft—And It’s Not Even Close</li></ul><p>Shares of NASDAQ LYFT opened at $16.87 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50-day moving average of $19.62 and a 200-day moving average of $18.96. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 1.11 and a beta of 1.94. Lyft, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $25.54. </p><p>Lyft (NASDAQ:LYFT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.17). The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.71 billion. Lyft had a net margin of 2.40% and a return on equity of 18.29%. The business's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share.  As a group, sell-side analysts predict that  Lyft, Inc. will post 0.22 earnings per share for the current fiscal year. </p><h2>About Lyft</h2> (Free Report)<p>Lyft, Inc <span>NASDAQ: LYFT<span></span></span> 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.  </p><p>Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Lyft</li><li>Stock market legend warns: “An Ominous Day Is Coming for the Markets…”</li><li>Another reason you need to own gold… [running out]</li><li>Trump’s Final Shocking Act Begins February 24</li><li>NEW: Gold makes history</li><li>Deutsche Bank Just Raised Their Gold Target to $6,000</li></ul><p><strong>Want to see what other hedge funds are holding LYFT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lyft, Inc. (NASDAQ:LYFT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TFlGVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TFlGVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Lyft Right Now?</h2><p>Before you consider Lyft, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lyft wasn't on the list.</p><p>While Lyft currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Federated Hermes Inc. has reduced its stake in Lyft, Inc. by 63.5% during Q3, now holding 701,242 shares valued at approximately $15.43 million. Other institutional investors have also adjusted their positions in Lyft. Recent insider sales include transactions by Directors David Lawee and Prashant Aggarwal. Analysts have mixed ratings on Lyft, with a consensus target price of $22.76. Lyft's stock performance shows a market cap of $6.74 billion and a current price of $16.87, with a 52-week range between $9.66 and $25.54.</p>

Federated Hermes Inc. Has $15.43 Million Stake in Lyft, Inc. $LYFT