LYFT - Lyft, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
64.04
+0.28 (+0.44%)
At close: 4:00PM EDT
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Previous Close63.76
Open63.76
Bid63.97 x 800
Ask64.09 x 1000
Day's Range62.66 - 64.27
52 Week Range47.17 - 88.60
Volume2,064,936
Avg. Volume9,003,055
Market Cap18.611B
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 Est71.41
Trade prices are not sourced from all markets
  • Amid Bay Area exodus, Nashville is rockin’
    American City Business Journals6 hours ago

    Amid Bay Area exodus, Nashville is rockin’

    California Gov. Gavin Newsom took direct aim at Tennessee in a speech to the Bay Area business community last week — and for good reason. Tennessee is often lauded — and more importantly, increasingly selected — by California companies looking to expand operations or relocate their corporate headquarters altogether. The Volunteer State was selected today by San Francisco bookkeeping tech startup Pilot.com for a new division headquarters, which will create 450 jobs in Nashville.

  • Hyundai dealers to offer customers Lyft rides through CDK app
    Reuters9 hours ago

    Hyundai dealers to offer customers Lyft rides through CDK app

    Dealers who subscribe to Hailer application through CDK Global Inc will be able to offer rides without the customer having to install the Lyft app. Lyft, which debuted on the New York Stock Exchange a couple of months before Uber, has partnered with several companies to offer its services in a bid to gain share in a market dominated by bigger rival Uber Technologies Inc. Last week, the company struck a deal with Agero Inc to provide rides for consumers whose cars need a tow assistance, and has also become the official rideshare of Disney Parks and Resorts.

  • Startups have these four key advantages over larger competitors
    MarketWatch14 hours ago

    Startups have these four key advantages over larger competitors

    Amid the wave of U.S. initial public offerings this year, it occurred to me that companies going public leave one world and enter another. Startups come out of nowhere and burn down entire established industries, in part because they are small and scrappy enough that they can take the risk of ignoring rules — long-held conventions, business etiquette, dress code, branding and sometimes even the letter of the law — that their big-company competitors simply cannot.

  • ACCESSWIRE2 days ago

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

    NEW YORK, NY / ACCESSWIRE / June 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 ...

  • ACCESSWIRE2 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 $250,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / June 24, 2019 / 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.

  • ACCESSWIRE2 days ago

    SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Lyft, Inc. of Class Action Lawsuit and Upcoming Deadline - LYFT

    NEW YORK, NY / ACCESSWIRE / June 24, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against Lyft, Inc. ("Lyft" or the "Company") (LYFT) and certain of its officers. The class action, filed in United States District Court, for the Northern District of California, and indexed under 19-cv-03003, is on behalf of a class consisting of all persons and entities who purchased or otherwise acquired Lyft common stock pursuant or traceable to the Form S-1 Registration Statement and Prospectus (collectively, the "Registration Statement") issued in connection with Lyft's March 2019 initial public stock offering (the "IPO" or "Offering"). This action asserts non-fraud strict liability claims under Sections 11 and 15 of the Securities Act of 1933 ("Securities Act") against Lyft and certain Lyft's officers and directors (collectively, the "Defendants").

  • ACCESSWIRE2 days ago

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

    NEW YORK, NY / ACCESSWIRE / June 24, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...

  • GlobeNewswire2 days ago

    INVESTOR ACTION 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.

  • ACCESSWIRE2 days ago

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

    NEW YORK, NY / ACCESSWIRE / June 24, 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 ...

  • ACCESSWIRE2 days ago

    Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Actions- AAC, CBL & LYFT

    NEW YORK, NY / ACCESSWIRE / June 24, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.

  • Uber Stock Reminds Me of Wayfair Stock
    InvestorPlace2 days ago

    Uber Stock Reminds Me of Wayfair Stock

    I read a funny article about Slack's (NYSE:WORK) direct listing recently that ridiculed the IPOs of both Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT). I won't get into the details. Suffice to say, the writer wasn't pulling any punches when it came to Uber stock.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe author, Bryan Menegus, wrote an entire article in May about just how bad Uber stock is. Entitled Congratulations to Uber, the Worst Performing IPO in U.S. Stock Market History, Menegus laid out some of the reasons why he thinks Uber stock is a hopeless cause, including the fact analysts believe the ride-hailing app company might not become profitable until 2024. * 3 Monthly Dividend Stocks to Buy Today "In terms of percentage losses, Uber's dip doesn't even scratch the surface of the worst IPOs. But the staggering valuation of the company makes it, in raw scale, 'among the top 10 IPOs ever' including companies outside the U.S.," University of Florida professor Jay Ritter told Gizmodo in a phone interview. "That single digit decline resulted in an estimated $617 million paper losses."You're speaking to the choir, Bryan. On May 9, I wrote a piece for InvestorPlace that recommended investors NOT buy Uber on its first day of trading following Uber IPO because it was likely to open significantly higher than its IPO price of $45. In my defense, I was basing my observation on a potential valuation of between $80-90 billion. Uber's IPO valuation came in at $76.5 billion, well below what analysts were expecting, and significantly lower than the high-end, pre-IPO valuation of $120 billion. Missing a target by as much as 36% is a cause for concern and a big reason why investors put the brakes on. What Does This Have to Do With Wayfair?It never ceases to amaze me how many investors will invest in companies that lose money. Call a company a "disruptor" and all logic goes out the window. Who cares how much money it loses?CNBC named Uber to its 2018 "Disruptor 50" list, ranking it second behind only SpaceX, Elon Musk's space business. While the CNBC piece talked about the great things happening at Uber, it finished by gushing over the amount of money ($21 billion) the company had been able to raise to that point in its history. But a company is not a disruptor because it's able to raise $21 billion in venture capital funding; that only makes it well-connected and good at raising capital. That's the extent of it. For companies to be successful disruptors, shouldn't they have to prove they can make money? I'm not a techie, but if someone gave me $21 billion, I'm confident I could come up with something extraordinary that disrupts the world. Which brings me to Wayfair (NYSE:W) and its similarity to Uber. Wayfair is a company that can do no wrong, despite the fact it has lost $1.1 billion over the past five years selling furniture and household goods online. For every dollar of sales over this period, Wayfair's operating loss came in at 6 cents. In 2018, it generated $6.8 billion of sales. Yet its operating loss was $473 million or 7 cents per dollar of revenue, slightly worse than its five-year average. Furniture Today editor-in-chief Bill McLoughlin discussed disruptors in a May 2017 article. "The most seismic impact of disruptors, whether they've been successful or failed, is that every shopping experience has to be as elegant as Joybird, as extensive as Wayfair," said Blueport Commerce CEO Carl Prindle. "The seismic disruption model is Uber and Pinterest and sites like those. Furniture retailers are expected to be as good as all of those."McLoughlin goes on to discuss how Wayfair uses technology and logistics to deliver a first-rate experience for customers, including a top-notch home delivery operation. That's great in theory, but companies still have to make money or their disruption will end up in the dust bin of history. The Bottom Line on Uber StockLike Wayfair, if you're high on Uber, I'm sure you can find analyst commentary and Uber news to convince yourself that this so-called disruptor will make money some day. And perhaps it will.However, Wayfair's been on its current path since 2011, and it's yet to come anywhere close to making a profit. In the first quarter of 2019 it lost $193.6 million on$1.9 billion in sales. So the idea that Uber, which loses a lot more than Wayfair, is one or two quarters away from striking it rich is pure folly. I wouldn't own Uber stock or Wayfair regardless of the disruptive nature of their business models because, in my opinion, they don't have clear pathways to profit.This long into a bull market, betting on money losers is a recipe for disaster. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Uber Stock Reminds Me of Wayfair Stock appeared first on InvestorPlace.

  • Uber, Lyft Could Fleece Consumers to Satisfy Wall Street's Thirst for Profits
    Motley Fool4 days ago

    Uber, Lyft Could Fleece Consumers to Satisfy Wall Street's Thirst for Profits

    The ridesharing companies will have to hike fares to arrest slowing growth and mounting losses.

  • GuruFocus.com5 days ago

    5 IPOs Top Investors Are Buying

    As Slack soars, investors GuruFocus tracks liked a pet health company best

  • ACCESSWIRE5 days ago

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

    NEW YORK, NY / ACCESSWIRE / June 21, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...

  • ACCESSWIRE5 days ago

    SHAREHOLDER DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Lyft, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / June 21, 2019 / 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.

  • GlobeNewswire5 days ago

    AAC, CBL & LYFT - Bronstein, Gewirtz & Grossman, LLC Class Action Update

    Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

  • ACCESSWIRE5 days ago

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of LYFT, CBL and PVTL

    NEW YORK, NY / ACCESSWIRE / June 21, 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 ...

  • The number of American taxi drivers has tripled in a decade
    Quartz5 days ago

    The number of American taxi drivers has tripled in a decade

    Growth in taxi driving is particularly robust in high- and medium-density US cities.

  • Statistics show the Motorized scooter pilot program is exceeding expectations
    American City Business Journals5 days ago

    Statistics show the Motorized scooter pilot program is exceeding expectations

    While there are three more months left of the pilot program, both Lyft and Lime said their companies are talks with the city government

  • ACCESSWIRE5 days ago

    Bronstein, Gewirtz & Grossman, LLC Class Action - AAC, CBL & LYFT

    NEW YORK, NY / ACCESSWIRE / June 21, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.

  • Police: search continues for missing Utah student
    Associated Press Videosyesterday

    Police: search continues for missing Utah student

    Police in Salt Lake City say there still is no sign of missing University of Utah senior Mackenzie Lueck since she was dropped off by a Lyft driver early June 17. A police official says the investigation into her disappearance continues. (June 24)

  • Lyft driver says he dropped missing Utah student off at park: Police
    ABC News Videos2 days ago

    Lyft driver says he dropped missing Utah student off at park: Police

    McKenzie Lueck, 23, was not in distress when she was met at Hatch Park by an individual in a vehicle, according to authorities.

  • Mystery surrounding missing student from University of Utah
    ABC News Videos4 days ago

    Mystery surrounding missing student from University of Utah

    Mackenzie Lueck, a 23-year-old college student, was heading back to Salt Lake City from her grandmother's funeral, and was last heard from after arriving at the airport.

  • Bitcoin futures climb above $10K on CME
    Yahoo Finance Video5 days ago

    Bitcoin futures climb above $10K on CME

    Bitcoin futures are flirting with $10K, hitting a 15-month high, despite concerns over Facebook's push into the cryptocurrency space. Yahoo Finance's Zack Guzman and Melody Hahm are joined by Kathryn Tuggle, HerMoney Editor-in-Chief, to discuss.