Wedbush Cuts Lyft (NASDAQ:LYFT) Price Target to $18.00

Lyft (NASDAQ:LYFT) had its price target cut by Wedbush from $20.00 to $18.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the ride-sharing company’s stock. Wedbush also issued estimates for Lyft’s Q3 2025 earnings at $0.12 EPS, FY2025 earnings at $0.15 EPS and FY2026 earnings at $0.35 EPS.

Other research analysts have also issued reports about the company. Truist Financial lifted their target price on Lyft from $13.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Susquehanna lifted their price objective on Lyft from $10.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Bank of America increased their target price on Lyft from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Lyft in a research note on Friday, October 18th. Finally, Tigress Financial increased their price objective on shares of Lyft from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Twenty-seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.78.

Lyft Stock Performance

Shares of NASDAQ:LYFT opened at $13.36 on Monday. The firm’s 50 day simple moving average is $15.43 and its 200 day simple moving average is $13.43. Lyft has a fifty-two week low of $8.93 and a fifty-two week high of $20.82. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of -83.50, a P/E/G ratio of 4.10 and a beta of 2.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.75 and a quick ratio of 0.75.

Lyft (NASDAQ:LYFT) last posted its earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. Lyft had a negative net margin of 1.19% and a negative return on equity of 1.58%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted ($0.02) earnings per share. The business’s revenue for the quarter was up 31.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Lyft will post 0.08 earnings per share for the current year.

Insider Activity at Lyft

In other news, insider Lindsay Catherine Llewellyn sold 4,242 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.76, for a total value of $75,337.92. Following the completion of the sale, the insider now owns 755,847 shares of the company’s stock, valued at approximately $13,423,842.72. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lisa Blackwood-Kapral sold 9,081 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $18.02, for a total transaction of $163,639.62. Following the completion of the transaction, the chief accounting officer now owns 332,243 shares in the company, valued at $5,987,018.86. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,242 shares of company stock worth $427,330. Insiders own 3.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB raised its position in shares of Lyft by 59.6% in the fourth quarter. Nordea Investment Management AB now owns 382,463 shares of the ride-sharing company’s stock valued at $5,006,000 after buying an additional 142,880 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Lyft in the 4th quarter valued at $171,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Lyft by 37.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 45,976 shares of the ride-sharing company’s stock valued at $585,000 after acquiring an additional 12,462 shares during the period. Tidal Investments LLC grew its holdings in shares of Lyft by 8.2% during the 3rd quarter. Tidal Investments LLC now owns 221,906 shares of the ride-sharing company’s stock worth $2,829,000 after purchasing an additional 16,911 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Lyft by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 28,454 shares of the ride-sharing company’s stock worth $363,000 after purchasing an additional 969 shares during the period. Institutional investors and hedge funds own 83.07% 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.