|Bid||79.52 x 1300|
|Ask||80.25 x 900|
|Day's Range||79.51 - 85.50|
|52 Week Range||45.00 - 96.79|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.00|
Jeffrey Bernstein, senior restaurant analyst at Barclays, breaks down why he is bullish on fake meat, like Beyond Meat, with CNBC's "Closing Bell" team and Josh Brown, CEO of Ritholtz Wealth Management.
Twitter co-founder Evan Williams, who's now CEO of Medium, discusses life after Twitter and the state of social media, with Recode's Kara Swisher.
Dan Glickman, Aspen Institute, on his beef with Beyond Meat. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Brian Kelly, Mark Tepper and Tim Seymour.
The maker of vegan beef and sausage products is likely to see a flurry of initiations as research restrictions on underwriting banks expire next week. Goldman Sachs, Bank of America Merrill Lynch, Credit Suisse, Jefferies and JPMorgan are among the firms that led the El Segundo, California-based company’s initial public offering, and may kick off coverage on May 28. Investors are waiting to find out if analysts will predict still greater returns for the hot IPO, which has already more than tripled since going public on May 1.
Is Beyond Meat's burger enough to convince investors to invest in the company? TheStreet conducted a taste test to see what the hype is about.
Zacks Investment Ideas feature highlights: Uber, Lyft, Zoom Video, Levi Strauss and Beyond Meat
Meanwhile, TransferWise announced a $292 million secondary round that values the company at $3.5 billion.
All six have doubled in value — or more — since their Wall Street debuts and they are either headquartered in the Bay Area or backed by investors from the region.
The market for alternative plant-based or lab-made meat could climb to $140 billion in the next 10 years as emerging companies capture a 10% share of the $1.4 trillion meat market, Barclays said Wednesday.
McDonald’s Corp (NYSE: MCD ) said Thursday that it is not sharing any plans to join the meatless burger trend, according to CNBC . McDonald’s shares were trading down 0.79 percent at $198.39 at the time ...
All eyes in the tech community are firmly fixed on the massive multi-billion dollar "unicorns" hurtling toward their initial public offerings (and long-awaited exits) — and there are some local investors who could reap the potential rewards. Car-sharing juggernaut Uber Technologies (NYSE: UBER) and its Pepsi equivalent Lyft Inc. (NASDAQ: LYFT) have both fallen from their initial public offering prices earlier this year, shedding billions of dollars in market value. Recipe repository and "pinnable" social sharing site Pinterest (NYSE: PINS) has done better, now trading at about $24 per share, higher than its $19 per share initial offering.
McDonald's executives say at its annual shareholders meeting that the company is monitoring plant-based meat substitutes. The burger chain has been under pressure to add a veggie burger. Rivals have added their own versions with patties from Impossible Foods and Beyond Meat.
Beyond Meat, the company created by vegan Ethan Brown in 2009, has gone public to raise the money it needs to grow its line of plant-based meats.
Shares of Beyond Meat rose more than 5% Wednesday morning, before retreating a bit, after Barclays opined that alternative meat could garner 10% of the global protein market.
Chick-fil-A has built its brand around slinging classic breaded chicken sandwiches with pickles and waffle fries but is now looking beyond the staple protein and may bring vegan entree options to the main menu.
As alternative meats proliferate in the U.S., consumers can begin comparison-shopping. Being choosy allows people to pick their favorite brands — and it can help investors can pick their favorite stocks.
Ev Williams, co-founder of Twitter and partner at venture firm Obvious Ventures, spoke onstage at the Collision conference in Toronto. Williams and partner Biz Stone had both been vegan and wanted to disrupt the meat market. Twitter TWTR co-founder Ev Williams said his past experience as a vegan was one of the factors that led his venture capital firm to make an investment in Beyond Meat, the maker of plant-based meat substitutes that went public earlier this month.
A 30-year-old stock analyst, he plies his trade in Kazakhstan, where he advises investors about local companies and initial public offerings in the U.S. Beyond Meat, after all, is the hottest IPO the U.S. market has seen in more than a decade, having more than tripled since its May 1 debut. Back in 2012, Abdikarimov came out with an aggressively bearish call on Facebook Inc. before its IPO, setting the lowest target of anyone surveyed by Bloomberg and issuing a sell recommendation after shares started trading.
2019 has arguably been the best year for IPO stocks in two decades. Sure, other years have had one or two big offerings that have captivated the market. But 2019 is shaping up well for both the breadth of the IPO stock pool and the star power of some sizzling headlining names.Not only do we have the seven IPO stocks discussed below, there are more on the way such as Slack and AirBnb. After years of many of the country's fastest growth companies remaining stuck in venture-capital hands, we public investors are getting our shot at a ton of exciting growth companies. * 7 Stocks to Buy for Over 20% Upside Potential But discretion is required. Not all new IPOs are bound for greatness. In fact, with the IPO stock window wide open, banks are using this opportunity to push out all sorts of new offerings to the public. Some of these will work out well, and others will be flops. Here's what you need to know about seven of the year's biggest IPO stocks so far.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hot IPO Stocks: Uber (UBER)Source: Shutterstock Morgan Stanley's Michael Grimes is developing a spotty reputation. The bank's leading IPO dealmaker was responsible for both the Facebook (NASDAQ:FB) and Uber (NYSE:UBER) IPOs. FB stock dropped more than 50% in the months after its IPO. Meanwhile, the Uber IPO came in far short of expectations and has traded fairly poorly, even after the downbeat IPO price.However, if we learned anything from Facebook stock, it's that a flop IPO isn't a death sentence for a public company. After its terrible trading debut, Facebook turned the corner. Mobile advertising started to take off and shares now trade for around 4x their IPO price. Will Uber be able to make a similar turnaround?Uber's financials are certainly troubling. The company isn't a huge profit generator like Facebook, at least not yet. But it's the leader in ride sharing both in the U.S. and dozens of overseas markets. On top of that, Uber has advanced aggressively into other adjacent markets, like food delivery.Uber is a high-risk, high-reward play, for sure. There's a chance that the company will never become profitable and go bust. But it's the clear dominant market leader, and the market should reward them for that.Don't invest funds that you can't afford to lose, but if you have a high risk tolerance, UBER stock is a buy here. Lyft (LYFT)Source: Shutterstock To be fair, Lyft (NASDAQ:LYFT) stock hasn't been one of the hot IPO stocks over the past weeks. In fact, it has taken quite a tumble since it IPOed at $72 and subsequently started trading at $87. As always, however, price matters. Lyft stock is a far more interesting investment candidate here at $55 than it was when the stock debuted.There are good reasons to be bearish on LYFT stock. Our Dana Blankenhorn offered a solid take. He warned about the company's share lock-up expiry in September, its issues with self-driving vehicles and its potential for running out of cash before it becomes profitable. These are all valid concerns. Their first quarterly earnings report did nothing to impress those who are doubting Lyft's business model either. * 7 High-Yield REITs to Buy (Even When the Market Tanks) But I think it's too early to throw in the towel on Lyft as an investment idea. Ride-sharing is already a big market, and it's only going to get bigger in coming years. In the U.S., Uber and Lyft dominate the market with little additional competition. As such, this offers an opportunity for both firms, gradually, to raise prices and reach profitability or at least slow down cash burn.It's possible that LYFT stock collapses, particularly if the stock market as a whole goes south. But for now, the company's rapid growth should be enough to keep traders interested in the stock at its significantly reduced valuation. I rate LYFT stock a hold. Beyond Meat (BYND)Source: Shutterstock Beyond Meat (NASDAQ:BYND) has taken the stock market by storm, offering the hottest-trading IPO of the year so far. BYND stock, which IPOed at a measly $25 per share, has now soared to as high as $97 and even after a big drop today is still holding around the $82 mark now.First things first, Beyond Meat has a great story. The company offers what many are saying is the most compelling meatless burger option to date. Competitors have been trying to launch a plant burger since the 1980s, but it has been hard to get the texture and taste right. Apparently Beyond Meat has gotten closer than most. As a result of its success, Beyond Meat is picking up distribution rapidly in grocery stores and restaurants. Almost every week, we've been hearing about a new restaurant partnership.Unfortunately, the market has taken this great story and blown it totally out of proportion. BYND stock is now selling at 60x its annual revenues. Yes, Beyond Meat is doubling its revenues every year for the time being. But even at that growth rate, it'd still be selling for 15x sales in 2021. That's ridiculous for a food company. I'd be hard-pressed to justify more than 7x sales for a food producer once the growth rate starts to slow down.BYND stock made a lot of sense at its IPO price. Up here, however, it's simply priced too high to succeed. Other companies aren't going to acquire Beyond because it'd be too dilutive at this price-to-sales ratio. Meanwhile, Impossible Foods, funded by the likes of Bill Gates, is ramping up their competition to Beyond in the plant-based protein space.Once the hype wears off and the trading float frees up, BYND stock will drop sharply. That's not a judgment on the company. The valuation is simply too high for Beyond Meat's extremely limited sales and large losses at the moment. Needless to say, I rate BYND stock a sell. Pinterest (PINS)Source: Shutterstock Sometimes Wall Street can miss stocks if most analysts are outside of a company's core market. An example of this was Etsy (NASDAQ:ETSY). The stock started trading in 2015 around $28 per share. It traded down to below $10 at one point, and skeptics were giddily writing the company's obituary. The tables turned, however, as Etsy was able to prove its business model worked, and the stock has shot up more than 500% in recent years.There's no guarantee that Pinterest (NYSE:PINS) can be another success like Etsy, but I see the same opportunity for a misunderstood business model. Sure, Pinterest may not have the same wide user base as other social networks/shopping sites. What it does have is a core passionate user base. And at 80 million monthly active users in the U.S., there's certainly enough of a business here to achieve profitability if revenue per user can ramp up. * 6 Chinese Stocks That Could Pop On a Trade Deal Interestingly, the current valuation for PINS stock is just $15 billion or so. The company last raised money on the private market in 2017 at a valuation of around $12 billion. That means the company's growth since then -- including 60% revenue growth last year -- is coming at a reasonably cheap price for new shareholders.Sure, the company's first earnings report was a big dud and killed the stock's momentum. But that gives folks a chance to buy again at a decent price. Pinterest will need a better earnings report next time to get investors excited again. There's certainly a decent investment case though, regardless. I rate PINS stock a hold. Hot IPO Stocks: Luckin Coffee (LK)Source: Shutterstock Luckin Coffee (NASDAQ:LK) just launched its IPO last Friday. The IPO priced at $17 and traded to as high as $25 on its opening day. The caffeine high has quickly worn off, however, as LK stock is already back down below $19. Unfortunately for its shareholders, I see LK stock dropping a lot lower over the next year.On the surface, Luckin seems like an exciting opportunity. The company is aiming to be the Starbucks (NASDAQ:SBUX) of China. It has already expanded from a handful of stores at the end of 2017 to more than two thousand stores today. According to its IPO documents, it intends to overtake Starbucks in total store count by the end of this year. That's some pretty amazing growth.Unfortunately, Luckin's business model doesn't appear to be nearly as robust as Starbucks'. Last quarter, for example, the company had an operating loss of $78 million on just $71 million of sales. That's an incredible rate of money burning. Just cost of goods sold and rent for the store locations alone cost more than all the cash Luckin took in, and that's before you get to SG&A, marketing and other essential costs.Luckin needs far more sales from each store. Just setting up hundreds more stores will do little to fix the company's gaping losses when each store is losing so much money as it is. To make matters worse, Luckin's sales trajectory has slowed dramatically. I rate LK stock a sell. It has a ton to prove or shareholders will be dumping Luckin in a hurry. Tufin Software (TUFN)Source: Shutterstock Tufin Software (NYSE:TUFN) isn't the most popular of the IPOs on this list, but it could just end up delivering the best results for shareholders over the years. Tufin Software is a security services play. Two ex-employees from highly successful security firm Check Point (NASDAQ:CHKP) founded Tufin almost 15 years ago and have built it into an emerging power.Even though TUFN stock has already traded up from $18 to $22 following the IPO, it still represents solid value here. Its current share price represents a market cap of $730 million. That amounts to about 9x sales for a company that is growing revenues annually around 20%. Revenues have grown from $65 million to $85 million last year, and are on target to exceed $100 million this fiscal year. * 7 Stocks to Buy that Lost 10% Last Week Impressively, Tufin is already right on the verge of profitability. It has been generating EPS generally within a few cents of breakeven in recent quarters and has even come up with a couple of quarterly profits. Unlike many recent IPOs, TUFN stock priced at a reasonable valuation, leaving some gains on the table for its new retail shareholders. I rate TUFN stock a buy and wouldn't be surprised if it trades up to $30 over the next year. Zoom Video (ZM)Zoom Video (NASDAQ:ZM) has lived up to its name. ZM stock has zoomed from an opening day price of $62 to as high as $91. It's even more impressive when you realize that the stock IPOed at just $36. Zoom even managed to hit a new high on Monday before reversing as the stock market turned downward on China worries. I'd wait for a much bigger decline before considering a purchase of ZM stock, however.The main obstacle here is price. The company is selling at an incredible 65x sales at the moment. Generally, it's wise to avoid companies trading above 10x sales. Certainly, if a company is going for more than 20x sales, it has to have a stratospheric growth rate to justify it.Zoom doubled revenues last year, but it already appears to be slowing down a bit. It gets exponentially harder to maintain blistering sales growth as your base of revenues expands. By 2021, it wouldn't be surprising if Zoom's revenue growth rate is down to 50% annually. That'd still be great if the stock's valuation were more reasonable. But investors are paying more than $20 billion today for a company that has just $330 million in annual sales. That's an insane price. I rate ZM stock a sell and see it dropping back toward its opening print around $60.At the time of this writing, Ian Bezek owned FB stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? appeared first on InvestorPlace.