57.80 -0.31 (-0.53%)
After hours: 6:24PM EDT
|Bid||57.52 x 1100|
|Ask||58.05 x 800|
|Day's Range||56.32 - 58.47|
|52 Week Range||47.17 - 88.60|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||73.21|
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.
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..
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 ...
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'' ...
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.
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 ...
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.
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.
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 ...
New Street Research analyst Pierre Ferragu initiated coverage of Uber Technologies Inc. shares with a buy rating and $50 target price on Thursday, writing that while the company may face a "rocky ride ahead" in the near term, it faces strong growth prospects over the long run. He expects that the company will be able to quadruple its bookings by 2025 given that the company still has low penetration in its markets. "In particular we see monthly users as a share of total users increasing steadily," he wrote. "On that basis, Uber could break-even at some point in 2022, and approach 7% margin in 2025." Ferragu sees Uber as being in a better position for profitability than rival Lyft Inc. due to the ride-hailing giant's better cost leverage and pricing power. "Ride-sharing profitability depends on pricing dynamics," he wrote. "However, the #1 will always be more profitable than #2." Uber shares have fallen 8% below their initial-public-offering price of $45.
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.
Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. "Your phone will be your car," said Andre Haddad, CEO of Turo, a peer-to-peer car-sharing company that enables users to rent their cars out to others. Haddad said that while car sales have never been higher globally, people are realizing that owning a vehicle is increasingly becoming unaffordable due to car payments, insurance, and parking.
LOS ANGELES, CA / ACCESSWIRE / May 22, 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'' ...
NEW YORK, NY / ACCESSWIRE / May 22, 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 ...
Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that acquired securities of Lyft, Inc. (LYFT) (“Lyft”) pursuant and/or traceable to the Company’s March 2019 initial public offering (the “IPO” or the Offering”). Investors who purchased the shares of Lyft, Inc. are urged to contact the firm immediately at email@example.com or (800) 575-0735 or (212) 545-4774. If you have incurred losses in the shares of Lyft, Inc., you may, no later than July 16, 2019, request that the Court appoint you lead plaintiff of the proposed class.
The performances of the IPOs of consumer-facing internet stocks have certainly been mixed, as shown by the disappointing debuts of Uber Technologies (NYSE:UBER) and LYFT (NASDAQ:LYFT).Source: Shutterstock The IPOs of enterprise-cloud names have been the big winners. A notable example is Zoom Video Communications (NASDAQ:ZM), which is up a sizzling 145%. In fact, on Friday there was another hot cloud IPO, Fastly (NYSE:FSLY), which soared 50%.Yet there has been one consumer internet IPO that has bucked the bearish trend: Pinterest (NYSE:PINS) IPO. But unfortunately, even this company - which operates an online scrapbooking platform -- ran into some headwinds on Friday. Following its first quarterly report as a public company, Pinterest stock plunged 13% to $26.70. But PINS stock is still up about 22% since Pinterest IPO in mid-May.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow the earnings report was fairly solid (actually, it was not too much of a surprise since PINS' registration form provided color on the quarter).So let's take a look at the quarter. Its sales jumped by 54% to $201.9 million, compared to analysts' consensus of $200.7 million. The company provided full-year, top-line guidance of $1.055 billion to $1.080 billion. Analysts, on the other hand, were looking for $1.07 billion.But the real issue - for Pinterest stock - was the bottom line. Consider that its net loss was $40 million. While that was a $7 million improvement over last year's results, the loss was a surprise for the owners of Pinterest stock. The adjusted loss was 32 cents per share of PINS stock, but analysts' average forecast was a profit of 11 cents per share.When companies are growing quickly, their expenses can pile up. Besides, as Pinterest CEO Ben Silbermann said in an interview with CNBC's Jim Cramer, the company is focused on its "long-term" outlook."And he has a point. The potential of PINS stock hinges on drivers that will take some time to get traction, such as: * International Growth: About 70% of the website's users are from outside the U.S. But its foreign revenues are still minimal, coming to only 7% of its total. And that was up from 5% in the same quarter of 2018. In other words, its overseas revenue can increase significantly. But penetrating foreign markets is far from easy. On the company's earnings call, Silbermann noted that its foreign revenue likely will not materially improve until some time next year. * Engagement: Silbermann also indicated that users generally go to Pinterest for a particular purpose and then will usually not come back. As a result, he is looking to invest in new features in an effort to boost engagement. But again, that will take time and could prove quite difficult. Just look at the struggles Twitter (NYSE:TWTR) has had with engagement. The Bottom Line on Pinterest StockThere are certainly long-term catalysts that should drive Pinterest's growth and help it reach profitability, boosting PINS stock in the process. It also helps that the company's user base jumped 22% last quarter to 291 million.The problem is that Pinterest stock already reflects much of the good news and then some. Keep in mind that PINS stock is trading at 17.5 times the company's sales. By comparison, Facebook (NASDAQ:FB) and TWTR trade at roughly nine times their sales.So Pinterest stock could drop further, especially as more shares of PINS stock come on the market when the lock-up expiration occurs in a few months. It will probably take some time for several catalysts to meaningfully boost PINS stock.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Should Investors Buy Pinterest Stock on Weakness? appeared first on InvestorPlace.
NEW YORK, NY / ACCESSWIRE / May 22, 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 ...
Ford Motor Co said on Wednesday it was partnering with walking robots maker Agility Robotics as it designs a planned fleet of self-driving delivery vans that will drop packages at the doorsteps of people's homes. The United States' second largest carmaker has been moving steadily on the development of full-service autonomous driving vans which it could potentially license out to companies ranging from Domino's Pizza to Lyft or Target. It launched a self-driving pilot with delivery partners including Domino's in Miami last year, and it said it was working on the best way to integrate Agility's two-legged robot, Digit, into future vans.
NEW YORK, NY / ACCESSWIRE / May 22, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review ...
NEW YORK, May 22, 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.