Lyft () Director Janey Whiteside sold shares of the company’s Class A Common Stock on August 25, 2026, totaling $96,886.
Ms. Whiteside disposed of 5,480 shares at a price of $17.68 per share. The transaction was executed pursuant to a Rule 10b5-1 trading plan, which was adopted on December 11, 2025.The sale comes as LYFT shares have delivered a strong 25% return over the past six months, though the stock currently trades at $17.35, close to the director’s sale price. According to InvestingPro analysis, the stock appears undervalued at current levels, with the company trading at a notably low P/E ratio of 2.4. InvestingPro offers 15 additional exclusive tips for LYFT, along with comprehensive Fair Value analysis available to subscribers.
Following this transaction, Ms. Whiteside’s direct beneficial ownership in Lyft stands at 60,704 shares. Some of these securities include restricted stock units (RSUs), which represent a contingent right to receive one share of Class A Common Stock upon meeting applicable vesting schedules and conditions.For investors seeking deeper insights into LYFT’s valuation and prospects, the company is among the 1,400+ US equities covered by comprehensive Pro Research Reports, which transform complex Wall Street data into clear, actionable intelligence.
In other recent news, Lyft reported mixed results for the second quarter of 2026, with earnings per share at $0.13, falling short of Wall Street’s estimate of $0.15. However, revenue increased to $1.84 billion, surpassing forecasts of $1.81 billion. The company also saw Gross Bookings growth of 23% year-over-year, and Active Riders exceeded 30 million for the first time. BofA Securities raised its price target for Lyft to $18.00 from $17.00, following a strong bookings report of $5.50 billion, which exceeded expectations. EBITDA for the quarter was $177 million, beating the anticipated $170 million. UBS also increased its price target for Lyft to $17 from $16, maintaining a Neutral rating due to the strong quarterly performance. Meanwhile, RBC Capital reiterated an Outperform rating with a $20.00 price target, highlighting growth drivers in the U.S. market. Additionally, a report about Tesla’s upcoming launch of its CyberCab robotaxi service in Austin has surfaced, potentially impacting the rideshare industry.
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