LYFT - Lyft, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
66.00
-1.45 (-2.15%)
At close: 4:00PM EDT
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Previous Close67.45
Open67.22
Bid0.00 x 800
Ask0.00 x 1400
Day's Range65.74 - 67.33
52 Week Range47.17 - 88.60
Volume1,916,082
Avg. Volume4,949,546
Market Cap19.18B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-7.60
Earnings DateAug 7, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est72.14
Trade prices are not sourced from all markets
  • Onward raises $1.5 million to offer round-trip rides to older adults needing assistance
    TechCrunch9 hours ago

    Onward raises $1.5 million to offer round-trip rides to older adults needing assistance

    Uber and Lyft aren't designed to transport people who need a little helpgetting out of the house or need someone to help get them from the doctor'swaiting room back to their home

  • Uber tests monthly subscription that combines Eats, rides, bikes and scooters
    TechCrunch11 hours ago

    Uber tests monthly subscription that combines Eats, rides, bikes and scooters

    Uber is actively testing a monthly subscription pass that combines rides, Eats, bikes and scooters. In this pilot phase, Uber is testing a few different iterations in San Francisco and Chicago, but each version includes a fixed discount on every ride, free Uber Eats delivery and free JUMP (bikes and scooters) rides. "From meals to wheels and everything in between, we’re always looking for ways to make Uber the go-to option for your everyday needs," an Uber spokesperson said in a statement to TechCrunch.

  • Democratic candidates criticize the labor model of Uber and Lyft–and keep using them
    Quartz15 hours ago

    Democratic candidates criticize the labor model of Uber and Lyft–and keep using them

    Sen. Elizabeth Warren has made fighting big technology companies a key focus of her Democratic presidential campaign, including Uber and Lyft. .@Uber and @lyft executives are preparing to cash in by taking their companies public, so they're squeezing their drivers and slashing their pay.

  • New California labor laws could throw a wrench in consultants' businesses
    American City Business Journals17 hours ago

    New California labor laws could throw a wrench in consultants' businesses

    It's not just "gig economy" workers like Uber and Lyft drivers who are affected by Assembly Bill 5. Professional consultants say the new labor laws could drastically alter the way they do business, too.

  • Piper Jaffray dives into the online travel space
    Yahoo Finance Video3 days ago

    Piper Jaffray dives into the online travel space

    Airbnb may not be public, but it's already catching the attention of Wall Street.

  • Lyft expands its PIN feature for airport pickups to LaGuardia
    TechCrunch4 days ago

    Lyft expands its PIN feature for airport pickups to LaGuardia

    The programis launching this weekend at New York's LaGuardia Airport, the company says,and the plan to roll out a similar experience at other airports in the futurestill remains

  • Lyft adds NYC subway directions to its app
    Engadget4 days ago

    Lyft adds NYC subway directions to its app

    Lyft's support for public transportation will soon include one of the biggestmass transit systems on the planet

  • Lyft Is Adding New York Subway Info to App, Even as It Fights With the City
    Bloomberg4 days ago

    Lyft Is Adding New York Subway Info to App, Even as It Fights With the City

    (Bloomberg) -- Lyft Inc. wants its riders in America’s largest city to know that they might not need to take a Lyft. They can just ride the subway.Over the next few months, Lyft said users of its app will be able to access real-time public transportation information in New York City. The move marks another twist in the ride-hailing industry’s fraught relationship with New York, which is both home to the world’s most heavily used public transportation network and the site of a history of legal tussles between the companies and city officials.The app update shows users the locations of nearby subway and bus stations, as well as docks for Citi Bike, the New York bike-share program operated by Lyft. The features are part of a bid to keep users engaged on the platform, rather than navigating away to a different app for subway or bike information. It’s a calculated bet that more info won’t tempt too many people to take the train instead of calling a Lyft.Lyft has begun rolling out the update and will continue to do so gradually. All New York users will receive the new features by the end of September, the company said. “Lyft’s mission is to provide the world’s best transportation, and that definitely includes public transit,” said Lilly Shoup, the senior director of transportation policy. In cities like New York, public transit can be faster and more convenient than driving, she said.While Lyft will provide riders with up-to-date subway arrival times, the company doesn’t have a formal partnership with the city of New York. Riders will still need to swipe their MetroCard to access the subway.The new offerings may serve to endear Lyft to New York’s lawmakers, who have recently passed new rules targeting the ride-hailing industry. City officials have been vocal critics of the company and its competitors, saying they have driven down driver wages and worsened traffic. Lyft sued New York this year in a bid to prevent the implantation of a new driver minimum wage law, but a judge dismissed the suit in May.The addition of subways and buses is a step for Lyft toward its ultimate goal of being an all-encompassing transportation service. Both the company and its larger rival, Uber Technologies Inc., have told investors they want users to remain on their apps no matter the mode of transit. As they geared up for their initial public offerings this year, both companies touted their respective integrations with other subway systems and public transit services.Uber said recently that it had sold more than 1,200 bus and train tickets in Denver as part of a partnership with public transit there. Lyft already has public transportation data in Boston, Chicago, Denver, Los Angeles, Seattle and Washington, the company said.The two companies have also moved aggressively into bike-sharing. Lyft’s acquisition last year of Motivate, the operator Citi Bike, gave it a massive fleet of bicycles in New York, with plans to expand to 40,000 in 2023. Meanwhile, Uber has a fleet of 400 electric Jump bikes in the Bronx and Staten Island.Lyft said integrating more services into its app is a natural step, particularly because many journeys involve more than one mode of transit. “One of our busiest Citi Bike stations is the one outside Grand Central,” Shoup said. “We can really expand the effectiveness and the reach of transit.”Uber is still by far the largest player in the business of getting people around in cars in New York. But both companies have hit roadblocks as the city has cracked down on ride-hailing. Uber and Lyft have each sued city agencies over different rules and started to experiment with creative tactics to address new restrictions. An Uber lawsuit attempting to derail a cap on drivers is ongoing; Lyft lost its suit contesting driver pay rules, though it could appeal.Lyft has begun preventing drivers in New York from accepting rides if they’re in low-demand parts of the city. That’s in response to a rule expected to go into effect next year that would require companies to pay drivers based on how many trips the average driver receives per hour. The rule is expected to advantage Uber, which has more riders and drivers.Meanwhile, Uber is laying out a plan in response to rules that would charge ride-hailing drivers extra if they’re hanging around in the core of Manhattan without a passenger. Uber has made inquiries about purchasing a parking lot to hold about 250 cars just outside the heart of Manhattan. Cars would sit parked and then drive into the city’s core only after a passenger requests them. Crain’s New York Business first reported on the possible parking lot.Uber said it’s worried that drivers would otherwise crowd streets around the perimeter of the proposed regulated zone. “If the city passes the proposed ‘cruising cap,’ we want to be prepared to help mitigate the inevitable congestion that will be caused by app drivers waiting to access the central business district,” Alix Anfang, an Uber spokeswoman, wrote in an email. One time-honored congestion solution, of course, is taking a train.To contact the author of this story: Eric Newcomer in New York at enewcomer@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Uber and Lyft drivers demand better pay, workplace protections and driver-led unions
    TechCrunch5 days ago

    Uber and Lyft drivers demand better pay, workplace protections and driver-led unions

    Tomorrow, Lyftand Uber drivers will convene outside Uber's San Francisco headquarters tomake their voices heard

  • Chewy reports sales in line with expectations
    Yahoo Finance5 days ago

    Chewy reports sales in line with expectations

    Online pets-product retailer Chewy reported sales in line with expectations.

  • Motley Fool5 days ago

    The 10 Biggest IPO Stocks

    Two of the biggest ones have yet to hit the markets.

  • California AB-5 Vote Is Bad News for Uber and Lyft Stock
    InvestorPlace6 days ago

    California AB-5 Vote Is Bad News for Uber and Lyft Stock

    Uber (NYSE:UBER) stock and Lyft (NASDAQ:LYFT) stock are off to bumpy starts to life on the market. A critical vote in California could soon make life much more difficult for the ridesharing stocks, particularly Lyft.Source: Shutterstock The biggest criticism of Lyft stock has been that the company hasn't proven a path to profitability. If Lyft has to start providing its drivers with costly benefits, that path to profitability will get much longer and narrower. What Is Assembly Bill 5?Throughout their existence, Uber and Lyft have classified their drivers as independent contractors rather than employees. By doing so, those drivers are not entitled to benefits or other perks associated with full-time employment. That classification allows companies like Lyft to save a bundle on costs, which is good news for Lyft stock price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn 2019, the California state Supreme Court made a ruling known as the Dynamex decision. The Dynamex decision dictates a three-pronged ABC test for determining whether or not a worker is an independent contractor:* The employee must be free to operate free from control of its employer.* The employee must fall outside of the typical scope of the company's hiring.* The worker must have an independent business outside of the job he or she was hired to do. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip This ABC test is included in AB-5, a new bill that is currently passing through the legislative process in California. Lawmakers in both state houses have until Sept. 13 to vote on the bill. Uber and Lyft Aren't HappyInvestors don't need to dig too deeply to see what impact AB-5 may have on Uber and LYFT stock. Uber and Lyft reportedly paid drivers up to $100 to protest the bill outside the state capitol.The companies also published an op-ed in the San Francisco Chronicle making the case against AB-5. Some Uber and Lyft drivers have said the companies even misled them into signing petitions in protest of AB-5. The drivers received in-app messages asking them to sign a petition to help their companies "fight for driver flexibility and independence." The messages did not mention AB-5 by name.The fact that Uber and Lyft are fighting AB-5 so hard is a clear sign the law would be bad news for business. California has also historically been a leader in progressive movements that ultimately sweep nationwide. In other words, the damage for UBER and LYFT stock may not be contained in California. Biggest Risk for Lyft Stock PriceWedbush analyst Daniel Ives says AB-5 could put Uber and Lyft on the hook for a wide range of new costs. These costs include vehicle maintenance, gas, and insurance. In addition, workers would be protected under U.S. labor laws. The companies would be responsible for payroll taxes, social security, unemployment insurance taxes and state employment taxes.AB-5 would be bad news for both companies, but its a bigger risk to Lyft. Wedbush estimates California represents about 17% of Uber's total business. For Lyft, California is 24% of all U.S. sales.Ives says if AB-5 passes, Uber and Lyft are likely to challenge it in court. That process could be long and expensive as well, and it wouldn't guarantee a victory.Investors and analysts have been digging into Uber and Lyft's cash flow, growth rates, and revenue per active rider. Ives says they should also be paying close attention to AB-5."This senate decision is a microcosm of possibly the largest risk in the ride-sharing industry and a situation we will be closely watching over the coming months," he says.I have been very critical of the two ridesharing IPOs all year, particularly Lyft stock. AB-5 is just one of a handful of reasons investors should stay on the sidelines at this point.Even if you are a Lyft stock bull, your thesis likely revolves around what the company will grow to become five or 10 years down the line. It's unlikely the picture for Lyft will change dramatically in the next nine-to-12 months. By waiting a little while before buying, investors can get some much-needed clarity on AB-5 and on Lyft's financial trajectory going forward.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post California AB-5 Vote Is Bad News for Uber and Lyft Stock appeared first on InvestorPlace.

  • By the numbers: More companies are lobbying Jones Street in 2019
    American City Business Journals6 days ago

    By the numbers: More companies are lobbying Jones Street in 2019

    More companies appear to be aiming lobbyists at the North Carolina General Assembly in 2019. The latest figures out of the North Carolina Secretary of State’s office show 1,062 entities - from companies to municipalities - have registered lobbyists working on behalf of their agendas on Jones Street. None of those companies registered lobbyists in the state a year ago, yet, in the latest report, Bird, Lime, Lyft and Airbnb all have representation in the registry.

  • Proposed IPO tax to get yanked from November ballot
    American City Business Journals6 days ago

    Proposed IPO tax to get yanked from November ballot

    San Francisco Board of Supervisor Gordon Mar will instead make another run at his proposed IPO tax for the 2020 ballot.

  • IPO-Edge.com7 days ago

    IPO Edge Editor Jannarone: Venture Capital Cycle Known to Turn Fast – Cheddar TV

    In an interview with Cheddar TV, IPO Edge Editor-in-Chief John Jannarone argues that much of the venture capital money from big exits this year - Uber, Pinterest, Lyft, Slack, and Zoom - may well get piled back into VC funds. However, it's worth remember what happened when the music stopped 20 years ago after the […]

  • Uber and Lyft paid drivers to protest the bill that could make them employees
    Quartz7 days ago

    Uber and Lyft paid drivers to protest the bill that could make them employees

    A bill in California that has already passed the state assembly could make it harder for companies like Uber to classify their workers as independent contractors. The Los Angeles Times reported yesterday that drivers who attended the July 9 rally in Sacramento were promised $25 to $100 to cover their “travel, parking, and time,” to be paid within five days of the event. The money came from the I’m Independent Coalition—a group funded by the California Chamber of Commerce, several other professional and trade groups, as well as companies—which also helped organize the rally, according to the paper.

  • ACCESSWIRE7 days ago

    The Gross Law Firm Announces Class Actions on Behalf of Shareholders of LYFT, PYX and DBD

    NEW YORK, NY / ACCESSWIRE / July 16, 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 who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment.

  • IPO ETF Returns Double the S&P 500 in 1H: What Next?
    Zacks7 days ago

    IPO ETF Returns Double the S&P 500 in 1H: What Next?

    While the IPO fund offered stellar returns in the first half, the second-half should be great on a host of pending listings.

  • ACCESSWIRE7 days ago

    LYFT DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Lyft, Inc. and Encourages Investors with Losses in Excess of $50,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / July 16, 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.

  • GlobeNewswire7 days ago

    FINAL DEADLINE ALERT - Lyft, Inc. (LYFT) - Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action and Lead Plaintiff Deadline: July 16, 2019

    Attorney Advertising -- 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.

  • New York City can ban ads inside Uber, Lyft vehicles - U.S. appeals court
    Reuters7 days ago

    New York City can ban ads inside Uber, Lyft vehicles - U.S. appeals court

    Reversing a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan ruled 3-0 that the ban did not violate the First Amendment, in a case brought by a technology company that places digital content inside ride-sharing vehicles. The ban included an exception for Taxi TV, which the city's Taxi and Limousine Commission lets medallion cab owners display to offset the cost of installing mandatory technology to help passengers monitor their fares and pay by credit card.

  • ACCESSWIRE7 days ago

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

    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 ...

  • Are Tech Stocks Nearing Another Bubble Burst?
    Kiplinger7 days ago

    Are Tech Stocks Nearing Another Bubble Burst?

    Don't buy the chorus of "This time is different."

  • New York City can ban ads inside Uber, Lyft vehicles: U.S. appeals court
    Reuters7 days ago

    New York City can ban ads inside Uber, Lyft vehicles: U.S. appeals court

    Reversing a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan ruled 3-0 that the ban did not violate the First Amendment, in a case brought by a technology company that places digital content inside ride-sharing vehicles. The ban included an exception for Taxi TV, which the city's Taxi and Limousine Commission lets medallion cab owners display to offset the cost of installing mandatory technology to help passengers monitor their fares and pay by credit card.