|Bid||65.06 x 800|
|Ask||65.13 x 1000|
|Day's Range||64.15 - 65.42|
|52 Week Range||47.17 - 88.60|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||71.62|
A federal appeals court on Tuesday said New York City can ban advertising inside vehicles for companies such as Uber and Lyft. Reversing a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan said the ban did not violate the First Amendment of the U.S. Constitution. Vugo Inc, a Minnesota-based technology company that places digital content inside ride-sharing vehicles, had sued New York City in 2015 over the ban, which it said violated its free speech rights.
NEW YORK, NY / ACCESSWIRE / July 16, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
NEW YORK, NY / ACCESSWIRE / July 16, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against of Lyft, Inc.(“Lyft” or the “Company”) (LYFT) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Lyft securities pursuant and/or traceable to the Company’s March 2019 initial public offering (the “IPO” or the “Offering”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/lyft or you may contact Peretz Bronstein, Esq.
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.
CEDARHURST, NY / ACCESSWIRE / July 15, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
NEW YORK, July 15, 2019 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Lyft, Inc. (NASDAQ: LYFT) pursuant and/or traceable to the.
The death of a British YouTube star in an electronic scooter accident is raising more questions about the safety of this popular form of alternative transportation. Emily Hartridge, who presented the online series “10 Reasons Why,” was killed in a collision with a truck on Friday in the U.K.’s first death involving an e-scooter. The city’s almost 1 million people currently have access to about 14,000 dockless electric scooters, and the new study counted 192 e-scooter-related injuries during those three months alone.
NEW YORK, NY / ACCESSWIRE / July 15, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
LOS ANGELES, CA / ACCESSWIRE / July 15, 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") (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.
What a stellar year 2019 has been so far for the owners of Twilio (NYSE:TWLO) stock! We are increasingly living in an interconnected world in which companies need to digitally communicate with their clients non-stop. A leader in the communication platform-as-a-service (CPaaS) sector, TWLO has benefited from that trend, enabling Twilio stock to surge 63% in 2019.Source: Shutterstock TWLO is expected to report its Q2 earnings on Aug. 5. Let us now look at what investors can expect in the second half of the year from TWLO stock. How Does Twilio Make Money?TWLO's cloud communications platform helps small, medium and large enterprises improve their apps and their digital interactions with their customers. Several of its well-known clients include Coca-Cola (NYSE:KO), Lyft (NASDAQ:LYFT), Netflix (NASDAQ:NFLX), Twitter (NYSE:TWTR), and Yelp (NASDAQ:YELP).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy As of Mar. 31, the company had 2019154,797 active customer accounts (ACAs), compared to 53,985 a year earlier. In fact, the number of active customers using Twilio's platform to communicate with their clients has increased four-fold in about four years. As TWLO attracts more customers to its platform, its recurring software-as-a-service (SaaS) revenue continues to rise.On Apr. 30, Twilio released its Q1 results. Its revenue increased 81% year-over-year (YoY) in Q1, to $233 million. In Q1, its top line rose 14% versus the fourth quarter of 2018.Part of the reason for the company's Q1 revenue gain was its acquisition of cloud-based email services leader SendGrid, which closed on Feb. 1.The owners of TWLO stock were also pleased by the fact that the company raised its full-year guidance in conjunction with its Q1 results. Management now expects its 2019 revenue to be between $1.102 billion and $1.111 billion, up from $1.065 billion to $1.077 billion. Similarly the company is calling for adjusted earnings per share of 11 cents to 13 cents, up from 8 cents to 11 cents previously.TWLO 's revenue growth should accelerate for the rest of the year. As a result, the leading provider of in-app communication solutions is setting the bar quite high for its next earnings report. What Could Derail TWLO Stock?Twilio is regarded as a high-growth company and as a disruptor in its field. And many analysts agree that its best days are possibly ahead. However, Wall Street is also getting concerned about the rich valuations of Twilio stock.Different analysts may use different metrics to gauge the relative value of companies in different industries. One metric they use is price-sales (PS) ratio. The PS ratio of TWLO stock is over 19.5.Analysts prefer a low PS ratio, ideally below one. However, a PS number between one and two is more common. To put the metric into perspective, the S&P 500 index's average price-sales ratio is 2.1.Another way to analyze a stock's valuation is to compare its valuation to that of other companies in similar industries or segments. In general, SaaS stocks are richly valued. Our readers may be interested to know that the PS ratio for the cloud computing giant Salesforce.com (NYSE:CRM) is 8.8, while Veeva (NASDAQ:VEEV) and Workday (NASDAQ:WDAY), two other SaaS stocks, have P/S ratios of about 16 and 30, respectively.Although the PS ratio of TWLO stock is very high, investors should also remember that PS is only one of many valuation metrics. Moreover, the metric does not take into account the profitability or costs of Twilio.Twilio is also facing increasing competition on multiple fronts from several enterprise software companies, including Salesforce.com and Bandwidth (NASDAQ:BAND). The digital communications revolution is here to stay, but the space TWLO operates in is fiercely competitive. The History of TWLO StockTwilio went public in June 2016 at an opening price of $23.99. By Sep. 2016, the price of TWLO stock was hovering around $70.However, on May 8. 2017, Twilio stock reached an all-time low of $22.80. After trading in a narrow range in the next six months, in 2018, Twilio stock began its huge rally.Then came the market selloff during the last quarter of 2018. The decline, which hit the tech sector especially hard, was seen as an important signal that investors were no longer willing to be exuberant about expensive technology stocks. On Christmas Eve, TWLO stock reached an intraday low of $73.15Over the past 12 months, TWLO stock price has surged over 140%. On June 20, it reached an all-time high of $151. In other words, Twilio stock has run up quite far, quite fast. And its current price is about 100% above where it was on Dec. 24, 2018.Those investors who follow short-term technical charts will be interested to know that TWLO stock has spent a good portion of 2019 in overbought territory. It is possible that some profit-taking may negatively impact Twilio stock in the near future, possibly prior to its Q2 earnings report.TWLO is a growth stock and a speculative stock. Therefore, in the coming weeks, I expect Twilio to be a battleground between investors and traders. While long-term investors would like to see TWLO stock exceed and stay over the $150 level, traders are likely to keep it between $125 and $145.As long as Twilio remains in a long-term uptrend, investors may continue to buy TWLO stock on dips. However, if prolonged profit-taking sends Twilio stock below $110, the validity of the long-term uptrend would need to be re-evaluated. And in the wake of such a decline, it may be some months before TWLO stock price sets fresh records. The Bottom Line on Twilio StockIn a few weeks, analysts will likely scrutinize Twilio's fundamentals to see if the stock offers any further positive catalysts that may help keep TWLO stock price sizzling in the second half of the year. Any sign that TWLO's growth outlook is not as strong as expected in Q3 or Q4 may be enough to spook Wall Street, sending TWLO stock price lower.Therefore, investors who do not yet have a position in the stock may want to wait until TWLO's earnings report in early August before buying TWLO stock. Doing so will give them a better view of the developments affecting the industry in general and the company in particular.Those investors who already own Twilio stock may consider taking some money off the table or hedging their positions. Such a hedge would limit their downside risk in the event the market drops or if the bullish thesis on TWLO stock ends up being wrong,.As for hedging strategies, covered calls or put spreads with Aug. 16 or Oct. 18 expiration dates could be appropriate, as straight purchases of put options are likely to be expensive due to heightened volatility. Investors who choose this route can reevaluate their long positions after TWLO reports its earnings.Well-performing stocks tend to keep on winning, and the recent strength of Twilio stock might be a good indication that within three or four years, investors who buy TWLO stock on weakness are likely to be rewarded handsomely.As of this writing, the author holds KO covered calls that expire on July 19. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Are Investors Getting Too Bullish on Twilio Stock? appeared first on InvestorPlace.
Uber and Lyft had a rough run in May in New York City, according to data from the city's Taxi and Limousine Commission analyzed by Bloomberg. Part of the reason for the decline could be the legislation the city passed in December, setting minimum-wage rules for the companies' drivers and leading to higher prices for passengers. Lyft made 4.7 million trips in May, about 17,000 fewer than its peak in March, while Uber reported an 8% decline in May from the number of rides it logged in March, Bloomberg reported.
NEW YORK, NY / ACCESSWIRE / July 15, 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 until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Auto stocks raced higher Friday, which could drive additional gains this week. Trade the industry's key players using these tactics.
The performance of Uber (NYSE:UBER) stock has come as a surprise to many. The transformational potential of Uber, along with the $74 billion market cap of Uber stock, have placed this equity on many watchlists. However, with Uber stock not moving too much lately, many wonder how it will perform over the long-term. Although Uber will change transportation as we know it, fear and uncertainty could undermine the potential of Uber stock.Source: Shutterstock Though Uber IPO was the largest IPO of 2019 so far, one might wonder whether Uber has also become the most lackluster newly minted stock. More than two months after the Uber IPO, the equity trades at about 2% below its IPO price. It has outperformed Lyft (NASDAQ:LYFT), which has fallen more significantly. However, Uber stock has not yet lived up to its hype. * 7 Dependable Dividend Stocks to Buy Uber (So Far) Is Following in Netflix's footstepsAs I mentioned in a previous article, Uber has followed Netflix's (NASDAQ:NFLX) model. What I mean by that is that Netflix's goal from the beginning was to build a streaming-media business. That technology had not yet become available at the time of Netflix's founding, so when NFLX started, it focused on mail-order DVDs instead.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLikewise, Uber's ultimate goal is to transport people and goods using driverless cars. But since such vehicles have not become widely available yet, Uber is using human drivers.From a marketing perspective,Uber has been successful. About 3.9 million drivers in 65 countries complete around 14 million trips per day for Uber. Also, as InvestorPlace columnist Nicolas Chahine mentioned, "Uber" has become such a household name that many now use the company's name as a verb. While the ubiquity of a company's name can hurt it if it's taken too far (as was the case for a moving-stairs manufacturer called Escalator), it does suggest the company is successful. Uber Stock Faces Unusual Levels of Fear and UncertaintyHowever, with Uber's current model, the cost of human labor has made it nearly impossible for the company to earn a profit. Consequently, until more autonomous vehicle are on the road, I find it hard to be bullish on Uber stock.Additionally, the owners of Uber stock should not assume that Uber will have as easy of a time with driverless cars as NFLX did with streaming video. When Netflix moved its customers from DVDs to streaming media, it did not deal with any life-and death matters. But driverless cars can be deadly, so Uber will face more difficulty convincing people to use them.Given the safety issues facing driverless cars, Uber could be burdened with high insurance costs and multimillion lawsuits . As a result, Uber stock may not attain the premium valuations reached by Netflix and Amazon (NASDAQ:AMZN).Though these issues aren't discussed much in Uber news stories, the valuation of Uber stock may already reflect these concern. Uber stock trades at a trailing price-sales ratio of 6.4. That lags Netflix, which has a trailing PS ratio of about 9.7.Most would call Uber stock "overvalued." though not as much as some stocks. However, given the potential headwinds facing the company, I think the owners of Uber stock will face a rough ride as the company works to sell driverless ride-sharing to the public. The Bottom Line on Uber StockThe high level of fear and uncertainty associated with the ride-sharing business could hold down the growth of Uber. As I mentioned previously, Uber has followed Netflix's business model. Specifically, like NFLC, Uber hopes to eventually profit from a major technological advancement .Autonomous cars look poised to hit the roads soon. However, unlike streaming, driverless cars can be deadly. Selling much of the public on autonomous vehicles could prove to be difficult. Moreover, the liability issues and lawsuits that will likely be created by driverless cars will probably become a continuous threat to Uber stock.Given the unprecedented level of fear and uncertainty that are going to plague the ride-sharing business, I do not recommend buying Uber stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post How Fear Could Hurt Uber Stock appeared first on InvestorPlace.
The SEC spent a lot more time critiquing Uber’s accounting and financial disclosure than Lyft’s before it would allow IPOs to go forward this past spring
If you've been reading my columns on stocks, you might have figured out by now that I have a tendency to zag when everyone else zigs. That's the result of my contrarian nature, and it's been a profitable policy for me over the years.Source: Shutterstock In the case of Lyft, Inc. (NASDAQ:LYFT), I see folks on social media calling it an ugly stepbrother of Uber Technologies, Inc. (NASDAQ:UBER) and I soak up the hate and smile: that's exactly the type of bearish sentiment that makes me want to raise my price target on LYFT stock. But I'm not one to invest based on feelings, so let's dive into Lyft Inc. stock and see what's really going on under the hood. Accentuate the PositiveOkay, I get it; it's hard not to compare Lyft to Uber, as the two companies had their IPOs around the same time, and they're known for offering similar ride-sharing services. Both companies are easy to lump together, and they're tempting targets of investors' frustration, given the backlash against this year's IPO mania.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 3 Earnings Reports to Watch Next Week It's also easy to lose patience with LYFT stock, as the LYFT stock price still hasn't reclaimed $72, where it first began trading back in March. However, I prefer to focus on what I believe to be the bright future of LYFT stock because it's perfectly normal for a stock to lose value after its IPO hype has worn off and the shares achieve price discovery in the market.There's also the criticism of the company as a contributor to the American workforce's shift towards a "gig economy." As a serial freelancer myself, I must remind people that post-financial crisis, the gig economy is here to stay, whether Americans like it or not. And, much like the ride-sharing sector of which Lyft has taken a sizable market share, investors can either criticize it or try to profit from it. Test-Driving LYFT StockIrrespective of Lyft's critics, a quick glance at the numbers reveals a fairly smooth ride for Lyft Inc stock. Lyft's revenues literally doubled between 2017 and 2018, and LYFT stock price rewarded patient shareholders in June 2019 by surging 14% that month. June 5 was particularly auspicious, as the Lyft stock price increased by 6.5% on a single trading day.For folks who've heeded my advice to wait out the IPO hype and revisit new stocks after they settle into a price range, LYFT hasn't presented many roadblocks at all. Indeed, LYFT stock price received a nice boost when Susquehanna upgraded Lyft Inc. stock to "positive" on June 11; more encouragement came when Uber CEO Dara Khosrowshahi recently hinted at an easing of the price war between the two companies. Ridesharing Is Not an Either/Or MarketTo be honest, I'm getting a bit weary of hearing people constantly pitting LYFT stock and Uber stock against each other. It's entirely possible for both companies to succeed in the long run - and it's equally possible for investors to take a stake in both of them.In fact, it could be said that Uber and Lyft are on the same team in some respects. In the wake of the California Supreme Court's ruling that both companies' drivers should be classified as employees, Khosrowshahi, Uber's CEO, Lyft CEO Green, and Lyft President John Zimmer got together to defend their independent-contractor business model in The San Francisco Chronicle.Regardless of how we might feel about collective bargaining and other work-related issues, it's evident that Uber and Lyft can and will coexist in an expanding ride-share market in which both companies can easily thrive in the coming years. The Bottom Line on LYFT StockThe ride-sharing sector will continue to evolve as the issues of workers' rights, data collection, roadway safety, and traffic congestion are hammered out in the local and federal courts. In the meantime, as part of America's gig economy myself, I'm glad to recommend LYFT stock as a way for investors to exploit the emerging ride-sharing revolution.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Want to Profit From the Gig Economy? Take a Ride With Lyft Stock appeared first on InvestorPlace.
LOS ANGELES, CA / ACCESSWIRE / July 14, 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") (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.
NEW YORK, NY / ACCESSWIRE / July 14, 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 ...
Pomerantz LLP announces that a class action lawsuit has been filed against Lyft, Inc. (“Lyft” or the “Company”) (NASDAQ: 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”).
LOS ANGELES, CA / ACCESSWIRE / July 13, 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") (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.
Ramping up its two-wheeled efforts, Lyft is looking to become the Bay Area’s one-stop shop for getting around. The San Francisco-based rideshare giant is widening its transit options for Oakland, adding hundreds of dockless electric bikes and scooters to the mix. Meanwhile, Lyft is in a heated battle across the bay with San Francisco over exclusive rights to bikeshare options in the city.
NEW YORK, NY / ACCESSWIRE / July 12, 2019 / Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Lyft, Inc. (NASDAQ: LYFT) pursuant and/or traceable to the Company's ...