Wedbush Weighs in on Lyft's Q3 Earnings (NASDAQ:LYFT)

Lyft, Inc. (NASDAQ:LYFT - Free Report) - Research analysts at Wedbush decreased their Q3 2025 earnings per share (EPS) estimates for Lyft in a report issued on Monday, January 6th. Wedbush analyst S. Devitt now forecasts that the ride-sharing company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.14. Wedbush has a "Neutral" rating and a $18.00 price objective 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 (NASDAQ:LYFT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The ride-sharing company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.09. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. Lyft had a negative return on equity of 1.58% and a negative net margin of 1.19%. Lyft's revenue for the quarter was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) earnings per share.

A number of other research analysts have also weighed in on the stock. Jefferies Financial Group raised their price target on shares of Lyft from $10.50 to $13.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Piper Sandler restated an "overweight" rating and issued a $23.00 target price (up previously from $17.00) on shares of Lyft in a research report on Thursday, November 7th. Wells Fargo & Company reiterated a "market perform" rating on shares of Lyft in a research report on Friday, October 18th. Canaccord Genuity Group increased their price objective on Lyft from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Barclays lifted their target price on shares of Lyft from $14.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Twenty-seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.78.

Lyft Price Performance

Shares of NASDAQ LYFT traded down $0.07 during trading on Tuesday, hitting $14.32. The company had a trading volume of 13,843,789 shares, compared to its average volume of 17,217,254. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of -89.50, a price-to-earnings-growth ratio of 4.10 and a beta of 2.14. The stock has a fifty day simple moving average of $15.43 and a two-hundred day simple moving average of $13.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.88. Lyft has a fifty-two week low of $8.93 and a fifty-two week high of $20.82.

Insider Transactions at Lyft

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

Institutional Inflows and Outflows

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