Hohimer Wealth Management LLC Buys New Stake in Lyft, Inc. $LYFT

27 Feb 2026, 12:00 by Mitch Edgeman · The Markets Daily

Hohimer Wealth Management LLC purchased a new stake in shares of Lyft, Inc. (NASDAQ:LYFT – Free Report) during the third quarter, HoldingsChannel reports. The fund purchased 240,270 shares of the ride-sharing company’s stock, valued at approximately $5,288,000. Lyft accounts for approximately 0.7% of Hohimer Wealth Management LLC’s portfolio, making the stock its 29th largest holding.

Several other institutional investors have also bought and sold shares of the business. Quent Capital LLC purchased a new position in shares of Lyft in the 3rd quarter worth $34,000. Abich Financial Wealth Management LLC bought a new position in shares of Lyft in the 3rd quarter valued at about $50,000. Optiver Holding B.V. purchased a new position in Lyft in the third quarter worth about $54,000. Compagnie Lombard Odier SCmA purchased a new position in Lyft in the third quarter worth about $55,000. Finally, Bogart Wealth LLC increased its stake in Lyft by 46.3% during the third quarter. Bogart Wealth LLC now owns 3,161 shares of the ride-sharing company’s stock worth $70,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

Insider Activity at Lyft

In related news, Director Prashant Aggarwal sold 96,900 shares of Lyft 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 in the company, valued at $19,498,428.70. This trade represents a 9.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John David Risher acquired 5,030 shares of the stock in a transaction on Wednesday, December 10th. The stock was bought at an average cost of $19.80 per share, with a total value of $99,594.00. Following the completion of the transaction, the chief executive officer owned 11,802,296 shares in the company, valued at $233,685,460.80. This trade represents a 0.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 185,977 shares of company stock worth $4,148,932. 3.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LYFT shares. Piper Sandler reaffirmed an “overweight” rating on shares of Lyft in a research note on Wednesday, February 11th. Barclays decreased their price target on Lyft from $27.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. The Goldman Sachs Group lifted their price objective on shares of Lyft from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. KeyCorp reissued a “sector weight” rating on shares of Lyft in a research note on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of Lyft from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.66.

Read Our Latest Research Report on Lyft

Key Stories Impacting Lyft

Here are the key news stories impacting Lyft this week:

Positive Sentiment: Analyst/investor bulls argue Lyft is materially cheaper after the recent selloff and see upside from reset expectations, European expansion and partnerships — a tactical “catch‑up” trade narrative supporting buying interest. Read More.
Positive Sentiment: Several bullish writeups (e.g., “3 Reasons We Love This Stock”) highlight valuation, long‑term TAM and margin recovery potential — reinforcing investor conviction and helping lift sentiment. Read More.
Positive Sentiment: Market commentary asks whether Lyft has “hit a floor,” suggesting limited downside and a base for recovery that attracts value-oriented buyers. Read More.
Neutral Sentiment: Options-market flow coverage shows active positioning around LYFT (puts and calls), signaling heightened trader interest and volatility expectations but not a clear directional read for fundamentals. Read More.
Neutral Sentiment: Analysis that combines Lyft’s FreeNow acquisition with new California driver unionization outlines both growth (geographic scale) and cost/structure risks — a mixed development that reshapes the company’s growth and valuation path without a clearly bullish or bearish immediate read. Read More.
Neutral Sentiment: Industry moves (a former Lyft exec joining another company’s board) and broader tech/AI event coverage are peripheral to Lyft’s near‑term stock drivers. Read More.
Negative Sentiment: Driver advocacy in Washington state and Seattle protests calling for companies to stop hiring new drivers highlight labor/market conflict and potential regulatory or operational constraints that could raise costs or slow supply-side scaling. Read More.
Negative Sentiment: Safety incident coverage (passenger harmed during a ride) and local criticism of Lyft’s Citi Bike pricing/operations raise reputational and regulatory risk concerns that can pressure consumer trust and invite scrutiny. Read More. Read More.
Negative Sentiment: Local worker actions and reports that many ride miles are empty (no passenger) underscore structural inefficiencies in supply utilization that could suppress per‑ride economics and margin recovery. Read More.

Lyft Stock Performance

LYFT stock opened at $14.12 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $17.29 and its two-hundred day simple moving average is $18.97. Lyft, Inc. has a twelve month low of $9.66 and a twelve month high of $25.54. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 2.07, a PEG ratio of 0.81 and a beta of 1.93.

Lyft announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the ride-sharing company to purchase up to 15.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Lyft Company Profile

(Free Report)

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.