Hohimer Wealth Management LLC Sells 125,500 Shares of Lyft, Inc. $LYFT

Hohimer Wealth Management LLC lessened its stake in shares of Lyft, Inc. (NASDAQ:LYFT) by 44.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,000 shares of the ride-sharing company’s stock after selling 125,500 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Lyft were worth $2,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alps Advisors Inc. acquired a new stake in shares of Lyft during the 3rd quarter valued at $548,000. Heritage Family Offices LLP bought a new stake in Lyft during the 3rd quarter worth $29,000. Covestor Ltd grew its position in Lyft by 8.7% during the 3rd quarter. Covestor Ltd now owns 14,402 shares of the ride-sharing company’s stock worth $216,000 after acquiring an additional 1,151 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Lyft in the 3rd quarter worth about $121,000. Finally, Aviance Capital Partners LLC increased its holdings in Lyft by 5.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 66,195 shares of the ride-sharing company’s stock worth $994,000 after purchasing an additional 3,227 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

Lyft News Roundup

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Lyft introduced Lyft Go, a membership program offering 8% back on rides and orders. The offer could encourage repeat use and increase customer engagement. Lyft launches Lyft Go membership
• Positive Sentiment: Another analyst price-target update raised its target to $18, which may signal some confidence in Lyft’s valuation, though the article headline does not identify the analyst. Lyft price target raised to $18
• Neutral Sentiment: Lyft’s third-quarter 2026 revenue rose 8.1%, with record rides, higher gross bookings and improving EBITDA indicating operating momentum. However, earnings and revenue missed analyst estimates, and shares were reported down 4.2% since the release. LYFT shares decline since third-quarter earnings
• Neutral Sentiment: Canaccord Genuity raised its price target from $16 to $17 but maintained a “hold” rating, suggesting limited near-term upside in its view. Canaccord Genuity recommendations
• Negative Sentiment: The U.S. government sued Lyft, alleging it denied rides to passengers with service dogs and wheelchairs. The case could bring legal costs, reputational damage or other consequences; these are allegations, not established findings. U.S. sues Lyft over alleged denial of rides U.S. sues Lyft over alleged discrimination
• Negative Sentiment: Fox Advisors downgraded Lyft from “overweight” to “equal weight,” while Scotiabank cut its price target, adding to analyst concerns. Fox Advisors recommendations Scotiabank cuts Lyft price target

Lyft Price Performance

NASDAQ LYFT opened at $16.76 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. Lyft, Inc. has a twelve month low of $12.46 and a twelve month high of $25.54. The stock has a fifty day simple moving average of $16.18 and a 200 day simple moving average of $15.12.

Lyft (NASDAQ:LYFT) last announced its earnings results on Thursday, November 5th. The ride-sharing company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Lyft had a negative return on equity of 1.20% and a net margin of 42.32%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that Lyft, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Lyft

In related news, Director David Lawee sold 4,613 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $17.33, for a total value of $79,943.29. Following the sale, the director directly owned 119,124 shares in the company, valued at $2,064,418.92. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Erin Brewer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $17.63, for a total value of $264,450.00. Following the completion of the sale, the chief financial officer owned 852,303 shares in the company, valued at $15,026,101.89. The trade was a 1.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 61,586 shares of company stock valued at $1,024,326 over the last ninety days. Insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

LYFT has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price target on Lyft from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Monday. Jefferies Financial Group boosted their price target on Lyft from $15.00 to $15.50 and gave the stock a “hold” rating in a report on Tuesday, July 14th. UBS Group upped their price objective on Lyft from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, November 2nd. Raymond James Financial reiterated a “market perform” rating on shares of Lyft in a report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of Lyft in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.89.

About Lyft

Lyft operates a mobile platform that connects people seeking transportation with drivers who provide rides. Through its app, customers can request on-demand trips, schedule rides in advance, and access other ride options where available. The company also offers Lyft Pink, a membership program with benefits for eligible rides and services.

Lyft provides transportation programs for businesses and organizations through Lyft Business, including tools for arranging and managing rides. The company’s platform primarily serves markets in the United States and Canada.

Lyft was founded in 2012 by Logan Green and John Zimmer.