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In most cases this can be a temporary issue, but you may have had more significant inflammation affect the pudendal nerve here.
Certainly if you continue to have symptoms, further evaluation with MRI of the lumbar spine would be helpful to rule out other conditions that could cause nerve irritation as well. Certainly avoiding cycling for now would also be helpful.
The most common is pain, or numbness.
It could also be responsible for erection problems as well.
The hope is that sexual function will return with time, and slowly come back without treatment.
But it is impossible to know the extent of any possible nerve damage here, and so if you don't have any significant improvement by 6 weeks, then getting this checked out by a urologist would be helpful.