Wedbush Research Analysts Reduce Earnings Estimates for Lyft

Lyft, Inc. (NASDAQ:LYFT) – Research analysts at Wedbush dropped their Q3 2025 earnings estimates for shares of Lyft in a report issued on Monday, January 6th. Wedbush analyst S. Devitt now anticipates that the ride-sharing company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.14. Wedbush currently has a “Neutral” rating and a $18.00 target price on the stock. The consensus estimate for Lyft’s current full-year earnings is $0.08 per share. Wedbush also issued estimates for Lyft’s FY2026 earnings at $0.35 EPS.

LYFT has been the subject of several other research reports. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Lyft in a research note on Friday, October 18th. Benchmark raised shares of Lyft from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday. Truist Financial boosted their target price on Lyft from $13.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Needham & Company LLC restated a “hold” rating on shares of Lyft in a research report on Thursday, November 7th. Finally, Raymond James initiated coverage on Lyft in a research note on Tuesday, September 24th. They issued a “market perform” rating for the company. Twenty-seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lyft currently has an average rating of “Hold” and a consensus price target of $17.78.

Lyft Stock Down 0.5 %

Shares of NASDAQ:LYFT opened at $14.32 on Tuesday. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of -89.50, a PEG ratio of 4.10 and a beta of 2.14. Lyft has a 12-month low of $8.93 and a 12-month high of $20.82. The business has a 50-day moving average price of $15.44 and a 200 day moving average price of $13.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88.

Lyft (NASDAQ:LYFT) last posted its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.09. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the firm earned ($0.02) earnings per share. The firm’s quarterly revenue was up 31.6% compared to the same quarter last year.

Hedge Funds Weigh In On Lyft

Several institutional investors have recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of Lyft in the 3rd quarter worth $27,000. Brown Brothers Harriman & Co. purchased a new position in shares of Lyft during the 2nd quarter worth approximately $35,000. Capital Performance Advisors LLP acquired a new stake in shares of Lyft in the 3rd quarter valued at approximately $38,000. Quarry LP boosted its stake in shares of Lyft by 4,032.6% in the second quarter. Quarry LP now owns 3,554 shares of the ride-sharing company’s stock valued at $50,000 after buying an additional 3,468 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Lyft during the third quarter worth $70,000. 83.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Lyft news, insider Lindsay Catherine Llewellyn sold 4,242 shares of Lyft stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $17.76, for a total value of $75,337.92. Following the transaction, the insider now directly owns 755,847 shares in the company, valued at approximately $13,423,842.72. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Logan Green sold 10,919 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $17.25, for a total transaction of $188,352.75. Following the completion of the sale, the director now directly owns 314,492 shares of the company’s stock, valued at $5,424,987. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,242 shares of company stock valued at $427,330. Insiders own 3.07% of the company’s stock.

About Lyft

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.