LYFT - Lyft, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
57.10
-1.01 (-1.74%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous Close58.11
Open58.50
Bid56.87 x 1000
Ask56.81 x 2200
Day's Range56.61 - 58.79
52 Week Range47.17 - 88.60
Volume2,412,541
Avg. Volume11,803,157
Market Cap16.594B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-7.60
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est73.21
  • Uber and Lyft Stocks Drive in Different Directions This Week
    Motley Fool10 hours ago

    Uber and Lyft Stocks Drive in Different Directions This Week

    The two ridesharing leaders beat the market for a second consecutive week, but only one of them moved higher.

  • Slack non-IPO: 5 things to know about the direct listing
    MarketWatch17 hours ago

    Slack non-IPO: 5 things to know about the direct listing

    Slack Technologies Inc. is looking for a better direct-listing fate than Spotify Technology SA. The music-streaming service reminded tech unicorns late last year that companies don’t have to issue new shares or raise money through a traditional offering if they wish to go public, and now Slack is following in its footsteps. The business-chat company filed direct-listing paperwork on Friday.

  • Uber Earnings Next Week: Battle Between UBER & LYFT Continues
    Zacksyesterday

    Uber Earnings Next Week: Battle Between UBER & LYFT Continues

    Uber (UBER) is releasing its first Q1 earnings after market close on Thursday, May 30th. Both Uber and Lyft went public at a massive bottom-line deficit, with no profits in sight.

  • ACCESSWIREyesterday

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lyft, Inc. - LYFT

    NEW YORK, NY / ACCESSWIRE / May 24, 2019 / Pomerantz LLP is investigating claims on behalf of investors of Lyft, Inc. ("Lyft" or the "Company") (NASDAQ: LYFT). Such investors are advised ...

  • Business Wireyesterday

    IMPORTANT INVESTOR REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Lyft, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Lyft, Inc. (“Lyft” or “the Company”) (NASDAQ: LYFT) for violations of the federal securities laws. Investors who purchased the Company’s shares pursuant to and/or traceable to the Company’s Initial Public Offering in March 2019 (the “IPO”) are encouraged to contact the firm before July 16, 2019. We also encourage you to contact Brian Schall, or Rina Restaino, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge.

  • ACCESSWIREyesterday

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of LYFT, JMIA and EQBK

    NEW YORK, NY / ACCESSWIRE / May 24, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have ...

  • LYFT Investor Alert: Bernstein Liebhard LLP Announces That A Securities Class Action Lawsuit Has Been Filed Against Lyft, Inc. - LYFT
    PR Newswireyesterday

    LYFT Investor Alert: Bernstein Liebhard LLP Announces That A Securities Class Action Lawsuit Has Been Filed Against Lyft, Inc. - LYFT

    The complaint, which is pending in the United States District Court for the Northern District of California, alleges that Defendants violated the Securities Act of 1933. If you wish to serve as lead plaintiff in the Lyft Class Action Lawsuit, you must move the Court no later than July 16, 2019.

  • Zacks Investment Ideas feature highlights: Uber, Lyft, Zoom Video, Levi Strauss and Beyond Meat
    Zacks2 days ago

    Zacks Investment Ideas feature highlights: Uber, Lyft, Zoom Video, Levi Strauss and Beyond Meat

    Zacks Investment Ideas feature highlights: Uber, Lyft, Zoom Video, Levi Strauss and Beyond Meat

  • This week in NYC funding news: 4 startups poised to make a public debut
    American City Business Journals2 days ago

    This week in NYC funding news: 4 startups poised to make a public debut

    Meanwhile, TransferWise announced a $292 million secondary round that values the company at $3.5 billion.

  • American City Business Journals2 days ago

    Bay Area figures prominently in hottest IPOs so far this year

    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.

  • It’s a Dicey Proposition, but Uber Stock Could Be the Next Facebook
    InvestorPlace2 days ago

    It’s a Dicey Proposition, but Uber Stock Could Be the Next Facebook

    Uber's (NYSE:UBER) IPO was not greeted with the type of optimism that investors were hoping for. Even after seeing the decimation that Lyft (NASDAQ:LYFT) has gone through since its IPO, many were assuming the underwriters would have learned their lesson. It didn't help that Uber stock came to market amid a tough week (and tough trading session) as trade-war worries intensified.Source: Shutterstock That said, Uber only briefly traded at its $45 IPO price on its first day of trading. It tagged this level and reversed lower. On the second day of trading, shares closed just over $37, down over 17% from its IPO price in two days. What's going on?There were reports about a $120 billion valuation for Uber before its IPO. Even though that seemed rich, many assumed $100 billion was attainable for Uber stock. After Lyft's flop (shares are still down ~36% from its opening price) the Uber IPO was being priced "conservatively," between $44 and $50 per share. Shares ultimately priced at the lower end of the range and have traded lower since. Right now, Pinterest (NYSE:PINS) might be a better pick than either of them.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Absent of day one, Uber stock price has not hit its IPO price. Near $41.50 now, shares command a market cap of about $70 billion. You know what this reminds me of? Facebook (NASDAQ:FB).Facebook went public at $38 per share. That's where the stock closed on its first day of trading and it proceeded to trade lower over its first year as a public company. I don't know if Uber will do the same thing, but I could certainly see a scenario in which that's the case.There's two sides to that coin though. On the bearish side, Facebook stock was cut in half in its first three months of trading and continued to probe those 50% losses for another three months after that. On the flip side though, FB is now up 10-fold from its post-IPO lows.For Uber], that would mean falling from its $45 IPO price to about $20 to $22. That would create quite a few headlines, but it would also create quite the potential opportunity. Is Uber Stock the Next Facebook Stock?However, there's a big difference between Uber stock and Facebook: The latter was actually profitable.In 2011 the year leading up to Facebook's May 2012 IPO the company churned out net income of $668 million. In the two years after its IPO, it generated $1.49 billion and $2.9 billion in net income, respectively. Essentially Facebook was (and still is) a profit machine. It generates immense cash flow on mind-boggling margins. That's led to a fat bottom line and one of the healthiest balance sheets in public markets.Uber stock had an operating loss of $3.85 billion in fiscal 2017. That figure shrank to "just" $2.83 billion in 2018, but still presents an issue. How do we assign a $70 billion valuation to Uber when its losing several billion dollars per year?When Facebook hit the $70 billion mark on its upswing in 2013, the company was on its way to a ten-figure bottom line. Worth noting is that analysts expect Uber's losses to persist both this year and in 2020. That said, revenue growth is impressive. Revenue of $11.27 billion in 2018 grew 42.1% from the $7.93 billion in sales in 2017. Estimates call for $13.95 billion in sales this year (+23.7%) and for $17.73 billion in 2020 (+27%). Click to Enlarge The Bottom Line on UberI'm struggling to get behind Uber stock right now. The explanations are pretty simple. First, I don't have a reasonable comparison to Uber. Well, besides Lyft. You see, Facebook isn't a very good comparison because the businesses are completely different. I compared the two because they are both well-known, high-profile tech companies and the disappointing reaction to the IPOs are quite similar.That said, if the only comparison to Uber is Lyft, which went public about a month earlier, we don't have a very good profile of public companies to compare Uber to. This ties into my other reason I struggle with Uber: Valuing it. Essentially, Uber is burning a hole in its bank account with its current business model.It's in a price war with Lyft and other ride-hailing businesses and until we get some clarity around how it will become profitable, I just don't know how to value it.At the end of the day, Uber has changed the transportation game. It's created a mobility-as-a-service platform that's disrupting everything from Hertz (NYSE:HTZ) to General Motors (NYSE:GM) to traditional taxi services. For some, maybe they can buy Uber with a 10+ year outlook and say they don't care about today's prices. That's fine. But for me, the story isn't clear enough and I'd rather wait.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post It's a Dicey Proposition, but Uber Stock Could Be the Next Facebook appeared first on InvestorPlace.

  • Financial Times2 days ago

    Workers will be paid when they please in a tight market

    In 1954, UK-based technology company Pye Radio came up with a neat little cost-cutting innovation. In order to avoid the expense that came with collecting cash from the bank, guarding it, checking it and sorting it into individual wage packets, they decided they would pay their (mostly very skilled) workers by cheque. It was another six years until they could try again: the 1960 Payment of Wages Act finally allowed employers to pay wages by cheque, something the banks had long been pushing for (people with cheques often like to have bank accounts).

  • GlobeNewswire2 days ago

    CLASS ACTION UPDATE for PSMT, LYFT, MOMO and LTHM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, May 23, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..

  • ACCESSWIRE2 days ago

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of LYFT, JMIA and MOMO

    NEW YORK, NY / ACCESSWIRE / May 23, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have ...

  • Fed: Tight labor market 'did little' to narrow economic disparities
    Yahoo Finance2 days ago

    Fed: Tight labor market 'did little' to narrow economic disparities

    A new survey from the Fed found that the long economic recovery has not leveled the playing field for black, Hispanic, and less educated Americans, who may be turning to gig work for financial fortitude.

  • ACCESSWIRE2 days ago

    SHAREHOLDER DEADLINE ALERT: The Schall Law Firm Announces it is Investigating Claims Against Lyft, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / May 23, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lyft, Inc. (''Lyft'' ...

  • Lyft's low-cost Shared Saver rides come to six more US cities
    Engadget2 days ago

    Lyft's low-cost Shared Saver rides come to six more US cities

    Lyft's frugal Shared Saver option is now available to many more people. The ridesharing service ahs trotted out its most affordable option to six more large US cities, including Atlanta, Las Vegas, Miami, Philadelphia, San Francisco and Seattle.

  • Airbnb, Robinhood are part of a wave of hotly-anticipated IPOs. Here's who will benefit locally.
    American City Business Journals2 days ago

    Airbnb, Robinhood are part of a wave of hotly-anticipated IPOs. Here's who will benefit locally.

    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.

  • Lyft and Mastercard: A Mighty Combination That Will Matter
    Motley Fool2 days ago

    Lyft and Mastercard: A Mighty Combination That Will Matter

    The new Lyft Direct Debit card shows that the two companies are being smart in their approaches to the gig economy.

  • ACCESSWIRE2 days ago

    SHAREHOLDER ALERT: BV NTNX LYFT: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

    NEW YORK, NY / ACCESSWIRE / May 23, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have ...

  • On a Rough Day for the Markets, Beyond Meat Continues to Soar
    Zacks2 days ago

    On a Rough Day for the Markets, Beyond Meat Continues to Soar

    On a Rough Day for the Markets, Beyond Meat Continues to Soar

  • Business Wire2 days ago

    IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Lyft, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Lyft, Inc. (“Lyft” or “the Company”) (NASDAQ: LYFT) for violations of the federal securities laws. Investors who purchased the Company’s shares pursuant to and/or traceable to the Company’s Initial Public Offering in March 2019 (the “IPO”) are encouraged to contact the firm before July 16, 2019. We also encourage you to contact Brian Schall, or Rina Restaino, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge.

  • You can now rent a Citi Bike through the Lyft app in NYC
    Engadget3 days ago

    You can now rent a Citi Bike through the Lyft app in NYC

    Lyft users in New York and Jersey City can now rent a Citi Bike on the app. After some beta-testing with 20 percent of users, Lyft has now fully-integrated Citi Bike onto its mobile app. Lyft users won't need a Citi Bike account to locate or rent a bike.

  • Business Wire3 days ago

    LYFT DEADLINE REMINDER: Rosen Law Firm Reminds Lyft, Inc. Investors of Important Deadline in the Securities Class Action; Encourages Investors with Losses in Excess of $500K to Contact the Firm – LYFT

    Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Lyft, Inc. (LYFT) pursuant and/or traceable to the Company’s March 2019 initial public offering (the “IPO” or the “Offering”) of the important July 16, 2019 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Lyft investors under the federal securities laws. To join the Lyft class action, go to http://www.rosenlegal.com/cases-register-1558.html or call Phillip Kim, Esq.

  • ACCESSWIRE3 days ago

    The Gross Law Firm Announces Class Actions on Behalf of Shareholders of NTNX, BA and LYFT

    NEW YORK, NY / ACCESSWIRE / May 23, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders ...