60.86 -0.08 (-0.13%)
After hours: 5:59PM EDT
|Bid||60.96 x 900|
|Ask||61.11 x 800|
|Day's Range||57.66 - 61.23|
|52 Week Range||55.56 - 88.60|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.00|
The hotly anticipated Lyft IPO got off to a bumpy start in its public debut - so should investors be skeptical of Uber's upcoming IPO? Former Uber Chief Business Officer Emil Michael joins The Final Round to discuss.
Via CEO Daniel Ramot discusses the ridesharing industry amid IPOs from Uber and Lyft with CNBC's "Squawk Alley" team.
Deke Digital Chairman Dave Maney on the potential impact on fares from the Lyft and Uber IPOs and the future of self-driving cars.
Emil Michael, former chief business officer and senior vice president at Uber, joins 'Squawk Box' to discuss Uber's road to profitability, autonomous driving, and much more. Also at the table are CNBC's Leslie Picker and Peter Kraus, CEO and chairman of Aperture Investors.
Kamran Ansari, Greycroft principal and venture partner, and Rett Wallace, CEO of Triton Research, join "Squawk Box" to discuss the markets ahead of the first full day of trading for market newcomers Zoom and Pinterest following their IPOs on Thursday.
Zoom founder and CEO Eric Yuan is OK with not having grabbed every penny on the road to a sizzling initial public offering. Here's why.
Stock futures: On Autonomy Day, Tesla made the case for autopilot ... investing. Lyft has struggled but Pinterest and other recent IPO stocks are worth watching.
Bye, Bye, Birdie. The City of Minneapolis announced Monday that it has selected four e-scooter companies to participate in its extended scooter pilot program, and notably, Bird, the first e-scooter company to arrive in the Twin Cities, isn’t on the list.
Pinterest, Zoom, Uber, Lyft and other big-name tech companies have had, or plan to have, IPOs this year. If you're interested in buying their stock, however, experts advise waiting, and they have other suggestions too.
Zoom, Lyft and Pinterest all boast of growing revenue, but Zoom is the only one of them that turned a profit in its most recent year.
The market for initial public offerings (IPOs) got off to a slow start this year, but the pipeline of companies planning to offer shares for public trading is starting to swell. Retail investors have a number of opportunities to consider in newly public companies, from well-known consumer brands like apparel maker Levi Strauss & Co. (NYSE: LEVI) to technology firms like cloud computing company PagerDuty (PD). Investors should keep a cautious outlook and remember the potential downsides of investing in IPOs.
FEATURE When I began learning guitar as a teenager, I started with scales. I hated it, but I knew I had to stick with it if I was ever going to learn to play “Stairway to Heaven.” In any discipline, there are basic principles and structures that hold it together.
Guggenheim analyst Jake Fuller said despite focus on Lyft’s growth profile and path to profitability, there’s been “very limited talk” about specific expectations for the first quarter. At a high level, he expects revenue and rider growth to slow while take-rate is flat sequentially and contribution margin expands. “Our sense is that there is a general expectation for moderating growth in riders and limited upside potential in take-rate,” Fuller said in a note to clients Monday.
IPO investing is not like it used to be. More and more companies are going public without any earnings, defying traditional valuation methods. Buy and hold without proper analysis is no longer a sure bet on generating alpha.Source: Shutterstock Research confirms this, showing that returns in more recent data sets shows that than absolute returns during this designated time frame is been negative.From 1980 to 2016, the average six-month return for IPOs is about 6% or 2% excess return, versus the over 18 percent average gain on the first day over the past 40 years, according to the data. The more recent data set from 2000 to 2016 shows negative six-month absolute and excess returns.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Dividend Stocks Perfect for Retirees Taking a look at a longer time horizon of five years, research from University of Florida professor Jay Ritter showed that more than 60% of IPOs from 1975 to 2011 had negative absolute returns after five years.That's enough to take a closer look when evaluating IPO investing.On the tech side, with the choppy performance of the Lyft (NASDAQ:LYFT) IPO, pricing for the forthcoming Pinterest IPO and Uber IPO has been in question. Much has been made of LYFT's underperformance, but fundamentals will ultimately rule the day for Pinterest and Uber. IPO Investing and PinterestIf you find yourself with shares of the Pinterest IPO, which will trade under the ticker "PINS," and get a first day pop, it might be wise to take some profits.Investors may point to big investment firms like Kleiner Perkins, Vanguard, and John Hancock Investments having invested at the per share equivalent of $21.54 during Pinterest's Series G and Series H funding rounds, but it simply shows that valuation excesses can exists in private markets as well.It would be a mistake to assume that just because smart money like Kleiner Perkins is underwater based on the suggested Pinterest IPO range of $15 to $17 per share that the stock will trade up.The problem with Pinterest is that it gets lumped into the tech sector because it's an online business but isn't actually revolutionary in any way. In the Pinterest IPO prospectus, terms like "high growth" and "leading brand" are often repeated. However, the fundamental advertising-based model is tenuous without a true moat around a business.Right now, Pinterest claims 250 million active users, but with the click of the mouse, those users can be gone because Pinterest has not built an inherently "sticky" platform. Discovering ideas and getting inspiration can take place on any website or app. All it takes is a "pinnable" Instagram of sorts, and Pinterest will have a hard time keeping up its growth figures. IPO Investing and UberDespite also posting consecutive years of losses in the years leading up to its IPO, Uber has shown explosive growth across multiple metrics. We are now looking at a company a does 14 million trips per day on six continents in over 700 cities. Last year, Uber hit 10 billion rides facilitated.It's important to remember that Uber is a growth story. When IPO investing in Uber, investors are getting more than just a ride-sharing company with extensive scale and a huge market that's growing. Ride-sharing is the core business at the moment, generating the lion's share of revenue--$9.2 billion in 2018 up from $3.5 billion in 2016.Moving forward though, food delivery via Uber Eats and Uber Freight differentiate it from competitors and could drive growth far beyond analyst expectations.Uber purchased Careem just last month, complementary ride-sharing and food delivery business spanning 115 cities across the Middle East, North Africa, and Pakistan. Uber is aggressively expanding its international footprint and in areas that they're already experts in. These geographies already have high smartphone penetration and low rates of car ownership, making it a huge growth opportunity with an aggregate population of 530 million people.Uber Freight recently expanded into Europe to continue serving SMEs. Freight remains a huge pain point for businesses and Uber offers efficiency improvements over traditional freight brokerage providers. Proceeds from the Uber IPO will help expand Uber Freight's reach, which has grown to over $125 million in the fourth quarter of 2018. The Bottom Line on IPO InvestingIPOs never have really been a license to print money, but as we see from both the Pinterest and Uber possibilities there are more caveats than ever when it comes to companies going public.As of this writing, Luce Emerson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post With Pinterest and Uber, IPO Investing Just Got a Little Trickier appeared first on InvestorPlace.
Apple is a big spender on Amazon's cloud — and that isn't going to change anytime soon.
** S&P 500 snaps 3-week win streak, though just inches lower by 0.08%. This as 155 cos prepare to report results next week, the busiest period of Q1 earnings season ** Indeed, the SPX is almost there in ...
Lyft’s share price has dropped nearly 19 percent since debuting late last month, prompting some investors to sue the company, alleging the ride-sharing service provider overstated its market position when it went public. Questions about growth and market share have also swirled thanks to multiple Wall Street analysts covering the stock, a trend that may continue when a host of firms initiate research coverage starting Tuesday. April 23 will mark the end of a 25-day quiet period for banks that underwrote Lyft’s initial public offering, and analysts initiating coverage on the stock are expected to focus on how the company is expanding its number of active riders and the so-called take-rate -- revenue divided by gross bookings.
The two tech unicorns that went public on Thursday closed well above their IPO prices, with Pinterest up 28.4% and Zoom up 72.2% on their first day of trading. On Wednesday, Zoom priced its shares at $36 while Pinterest set a price of $19 per share.
The country's second-largest ridesharing service declines for the third week in a row, but hope springs eternal for the thinning camp of bulls as the offering underwriters should chime in with upbeat takes.
Zoom is profitable already but has a very lofty valuation, while Pinterest has some clear advantages over Lyft but one big con.
For Lyft Inc., whose stock has tumbled sharply since its March 28 launch, it took less than three weeks for disillusioned shareholders to sue the company over claims they were taken for a ride. Such lawsuits are a rite of passage for newly public companies, and have become even more common after the 2008 financial crisis, according to Cornerstone Research. Lyft was accused in two nearly identical complaints filed April 16 of exaggerating in its prospectus when it said its U.S. market share was 39 percent.