LYFT - Lyft, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
60.96
-0.25 (-0.41%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close61.21
Open61.00
Bid60.10 x 1200
Ask61.19 x 1100
Day's Range59.97 - 61.39
52 Week Range47.17 - 88.60
Volume1,955,832
Avg. Volume9,621,924
Market Cap17.715B
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 Est70.52
Trade prices are not sourced from all markets
  • Russell Rebalancing Expected to Boost Recent IPOs
    Investopedia2 hours ago

    Russell Rebalancing Expected to Boost Recent IPOs

    The rebalancing of the family of Russell indexes at the end of June will see a number of recent IPOs added, providing a temporary boost to those companies' shares.

  • GlobeNewswire16 hours ago

    LYFT NOTICE REMINDER: ROSEN, A HIGHLY RANKED LAW FIRM, Reminds Lyft, Inc. Investors of July 16th Deadline in the Securities Class Action – LYFT

    NEW YORK, June 16, 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.

  • ACCESSWIREyesterday

    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 16, 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").

  • Barrons.com3 days ago

    The New Wave of Tech IPOs Brings Memories of 1999

    Internet growth is slowing, forcing investors to scramble for new growth areas. Enter Chewy, Fiverr, and CrowdStrike.

  • Lyft (LYFT) Dips More Than Broader Markets: What You Should Know
    Zacks3 days ago

    Lyft (LYFT) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Lyft (LYFT) closed at $60.96, marking a -0.41% move from the previous day.

  • 5 Top Stock Trades for Monday: MU, CHWY, GOLD
    InvestorPlace3 days ago

    5 Top Stock Trades for Monday: MU, CHWY, GOLD

    U.S. stocks retreated on Friday, but certainly haven't cratered over the last few sessions. It looks like the stock market is simply digesting its big gains from last week. Will this weekend or next week carry increased risk? We'll see. Until then, let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: Micron Click to EnlargeMicron (NASDAQ:MU) is under pressure like most memory and chipmakers on Friday. However, that follows very discouraging action from this week, after MU stock topped out near $36. Already it's down almost 10% from those levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf it loses Friday's lows, it could be a slippery slope for Micron. In that case, a drop down to $30 could be in the cards. * Chewy IPO: 14 Things for Investors to Know If semis and tech catch a bid next week, see that Micron can hurdle $34 and its 20-day moving average. Otherwise, this one looks risky on the long side, particularly with a percolating trade war. Top Stock Trades for Tomorrow 2: Barrick Gold Click to EnlargeGold has been doing well as investors worry about the global economy. As such, miners like Barrick Gold (NYSE:GOLD) have been doing well too.The recent rally has taken GOLD right into range resistance. Of course, it's possible that the stock is able to breakout. But I'd rather play the move after the fact than bet on it happening beforehand.If range resistance is in fact resistance, look for GOLD to pullback into its 20-day to 50-day moving average range, between $12.82 and $13.07. A breakout over $14 could trigger a larger move higher. Top Stock Trades for Tomorrow 3: Chewy Click to EnlargeChewy (NYSE:CHWY) made its public debut on Friday, erupting from its $22 IPO price and opening at $36. Here are 14 things to know about the company.Shares are not exactly reminiscent of Lyft (NASDAQ:LYFT), as they back off the opening level highs, but they do share some resemblance. Investors are now trying to figure out if this IPO is going to be an Uber (NYSE:UBER)/Lyft debacle, or a Zoom Video (NASDAQ:ZM)/Beyond Meat (NASDAQ:BYND) situation. Truth is, no one knows.Risk-taking speculators can take a flyer on CHWY, banking that higher prices are here to come. At the end of the day though, trading day-one IPOs is really just speculation. No one really knows which way it will go.Just know its range. Over the IPO open price of $36 and CHWY can run to its day-one highs near $41 and possibly higher. Below its day-one low and shares can move lower, although I'd be surprised to see it down to $22 anytime soon. Trading this close to the IPO date isn't for me. Top Stock Trades for Tomorrow 4: Semiconductor ETF Click to EnlargeThe VanEck Semiconductor ETF (NYSEARCA:SMH) is under pressure Friday, falling about 2.5% thanks to the earnings results from Broadcom (NASDAQ:AVGO). The latter beat earnings estimates, but provided a tepid outlook as the trade war continues to weigh on its business.While AVGO was the catalyst Friday, a whole host of stocks will drive the SMH going forward. Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Micron and others will all have an effect.As for the ETF, the 50-day promptly rejected the SMH, while the 20-day could do little to buoy the name. That leaves the 200-day -- which didn't help much last month -- and last month's lows near $97.50 as the must-hold spot.Below those lows opens the SMH to a drop to the sub-$93 area. On a rebound, we need to see the SMH's series of lower highs (purple arrows) cease and for the SMH to clear its 50-day moving average.Bottom line: Watch the 200-day and last month's lows if the decline continues. Watch the 50-day and $109 if the SMH rebounds. Top Stock Trades for Tomorrow 5: Preferred Shares ETF Click to EnlargeThe iShares Preferred Stock ETF (NYSEARCA:PFF) has been on fire. But could the run be coming to an end?Once the PFF reclaimed its 10-week moving average, it has been on absolute fire. That was in the last week of December, by the way. In any regard, multi-year channel resistance is up near $37, while the MACD and RSI (blue circles) are suggesting momentum could be topping out as the ETF flirts with an overbought condition. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 That's not to say the PFF can't go to $37, $38 or even higher. Just that over the past few years, this resistance mark has generally kept a lid on the stock. Investors will likely keep buying on pullbacks into the 10-week moving average until it fails. If and when it does, a drop down toward channel support and the 50-week moving average could be in the cards.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO and NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post 5 Top Stock Trades for Monday: MU, CHWY, GOLD appeared first on InvestorPlace.

  • Barrons.com3 days ago

    Slack Is Going Public as It Tries to Kill Email. The Stock Won’t Be Cheap.

    Slack is hoping to replace email and, so far, it’s succeeding. But private-market investors have already bid up the stock, which limits upside for new investors.

  • ACCESSWIRE3 days ago

    FILING DEADLINE--Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of LYFT, MOMO and CBL

    CEDARHURST, NY / ACCESSWIRE / June 14, 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.

  • GlobeNewswire3 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.

  • Take a Ride on This Lyft Stock Rally
    InvestorPlace3 days ago

    Take a Ride on This Lyft Stock Rally

    After a long, quiet period, this year's IPO market is abuzz. Two in particular -- Lyft (NASDAQ:LYFT) and Uber (NYSE:UBER) -- captured most of the headlines on Wall Street. That is, until Beyond Meat (NASDAQ:BYND) recently stole the show.Source: Shutterstock While the BYND and Zoom Video (NASDAQ:ZM) IPO processes produced successes, we learned that not all IPOs are created equal. Lyft stumbled right out of the gate. There was enough criticism to go around as to who did what and when to ruin the LYFT launch. What made matters worse for it, is that Uber came to market soon thereafter. It undoubtedly stole bids away from Lyft stock so it stood no chance of finding footing for weeks.Early in May I wrote an article about not giving up on Lyft and to stay long it. The idea paid, as the stock is up 16% since then. Today's note is to point out that even from here, there still is a bullish technical set up which could be the next opportunity for the Lyft bulls.InvestorPlace - Stock Market News, Stock Advice & Trading Tips LYFT Stock By the NumbersI am a fundamental investor, so I have to look at the boring stuff like valuation and the bullish versus the bearish thesis. So first let's look at the fundamentals, which aren't that great on paper. Lyft still loses a ton of money and they claim that they're going to grow to the moon. The path to profitability is very murky. Many experts even contend that they will never be profitable.I agree that the stock is definitely not cheap, since it sells at 7 times sales. But it's hard to gauge a growth stock like this so early in the process -- especially one that's in a brand-new disrupting industry. So there are no experts in the field. Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) encountered the same bearish arguments as they blazed their new industry trails. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 So for those who like LYFT stock, buy it for the long term and ignore this short-term action and the bearish talking heads.But I almost never make a trade without looking at the technicals too. So I ignore the fundamentals for this purpose of today's write-up because the opportunity is technical and it is in the charts. So I consider this a stand-alone tactical trade not an investment.The recent price action shows higher lows knocking against a roof. This tells me that the buyers have momentum for almost a month. If they are able to break through the roof, they can overshoot up and test $70 per share. There will be resistance along the way at $65 and $67 per share, so it won't be easy.For those who like to study charts, the pattern looks like an inverse-head-and-shoulder where the neckline is around $63.30 per share. Ideally I wait for the breach of the neckline before I chase the stock up. So it's a case of buy high and sell higher. How to Trade ItSome traders like to anticipate the move and start early, so they buy right away and hope for the rally to unfold. For that, I would definitely use tight stops, and where to place them depends on personal risk tolerance. I see significant levels at $58.70, $56.25 and $54 per share.The good news is that when a stock price range narrows from a wide band into a virtual point, it gathers energy. This almost always resolves itself in a big move where the direction is undetermined. In this case and since the bulls are making higher lows for weeks, unless there's specific bad news the expectation is that they will be able to breach it to rally even further. Click to Enlarge It is important to note that there is risk from outside factors to consider. We are still in the throes of an economic war between the United States and China, so we are apt to getting surprise geopolitical tape bombs. We cannot plan for these so it is best to set in adhere to the stop-loss levels below.Even as I share this upside opportunity here for Lyft, I have to note that I prefer holding Uber stock for the very long term. It's just too big a company to ignore and it reminds me of Facebook (NASDAQ:FB) and its infancy.Regardless, today's write-up is to share the potential of buying Lyft stock for a tactical trade that could deliver a $10 rally.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Take a Ride on This Lyft Stock Rally appeared first on InvestorPlace.

  • Lyft built a scooter for sharing that's tougher and more comfortable
    Engadget3 days ago

    Lyft built a scooter for sharing that's tougher and more comfortable

    Lyft is the next big scooter sharing service to unveil a two-wheeler that'sbetter at enduring real-world abuse

  • Uber Doesn’t Want Workers to Watch Its Stock Price Each Day
    Market Realist3 days ago

    Uber Doesn’t Want Workers to Watch Its Stock Price Each Day

    On June 14 at 10:30 AM EDT, Uber Technologies (UBER) was down 0.8% on the day after rising 5.1% on June 13. As of yesterday’s close, the stock had risen 9.7% so far in June, outperforming the broader market and its direct peer Lyft (LYFT).

  • TheStreet.com3 days ago

    Chewy's Dual-Class Structure Isn't Ideal for Investors

    Chewy opened at $36 on Friday, (much higher than the IPO price of $22), but questions will remain over its equity class structure that will favor controlling stakeholder PetSmart significantly over anyone entering a position on IPO day. "PetSmart controls the direction of our business and PetSmart's concentrated ownership of our common stock will prevent you and other stockholders from influencing significant decisions," the company's S-1 states. Post-IPO, PetSmart will hang on to 70% of the shares in Chewy overall and 77% of voting shares.

  • How much it would cost Uber and Lyft if drivers were employees
    Quartz3 days ago

    How much it would cost Uber and Lyft if drivers were employees

    A bill passed by the California Assembly seems likely to classify Uber and Lyft drivers as employees, and it could cost the companies big.

  • ACCESSWIRE3 days ago

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

    NEW YORK, NY / ACCESSWIRE / June 14, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. Class Period: on behalf of all persons who purchased or otherwise acquired Bloom Energy common stock pursuant or traceable to Bloom Energy's July 2018 IPO.

  • ACCESSWIRE3 days ago

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

    NEW YORK, NY / ACCESSWIRE / June 14, 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.

  • Tariff, Consumer Challenges Are Priced Into GM Stock
    InvestorPlace3 days ago

    Tariff, Consumer Challenges Are Priced Into GM Stock

    Uncertainty continues to plague General Motors (NYSE:GM). Tariff threats and changing consumer trends have led to falling profit forecasts. Consequently, GM stock remains at a low valuation.Source: Shutterstock However, while this low multiple may indicate ongoing profit struggles, it also gives traders few reasons to sell. Several Headwinds Weigh on GM StockDespite averting Mexican tariffs, the outlook appears bleak for General Motors stock. The trade war with the all-important China market lingers. China is General Motor's largest market. In 2018, the company sold about 3.645 million cars in China. That's considerably more than the 2.954 million units sold in the United States.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnless GM gains an exemption, analysts can expect that number to fall as long as the trade war persists. Even worse, a prolonged trade war would leave the automaker at a competitive disadvantage as it would have to work harder to regain lost market share, thereby hurting General Motors stock. * 7 High-Quality Cheap Stocks to Buy With $10 GM also could face a permanent reduction in demand for cars. With more Americans depending on services like Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) for their transportation, fewer people seek car ownership. That may explain why analysts forecast a 6.9% reduction in earnings for next year. Early indications point to another decline in profits in 2021.They also face tech-related threats. Though GM does produce an electric vehicle (EV), it has fallen behind Tesla (NASDAQ:TSLA) and others automakers in this segment. Moreover, non-car companies such as Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) Waymo and the Intel (NASDAQ:INTC) subsidiary Mobileye continue to garner more attention in the self-driving car market. GM acquired Cruise Automation in 2016 to respond to this threat.Unfortunately for proponents of GM stock, Cruise's prototypes have faced safety and technical issues. The Multiple on General Motors Stock Reflects the UncertaintyStill, despite numerous problems, it appears that the valuation of GE stock reflects these issues. Shares trade at a price-to-earnings ratio of just under 5.7. Barring profits going off a cliff, I do not see this multiple falling much further.Also, robust earnings from truck sales will help reduce the decline in profits. General Motors just announced that they will invest $150 million in its Flint, Michigan plant. This will facilitate the production of its next-generation heavy-duty pickup truck. It will also boost pickup truck production by 40,000 vehicles annually and add 1,000 jobs.I would not expect this to materially affect the GM stock price as it has seen little net change over the years. Nine years ago, the automaker reintroduced its equity at an initial public offering price of $33 per share. Today, it trades at close to $36 per share as of the time of this writing. With falling profits and a low PE ratio, it would probably take an end to the trade war to boost shares from these levels.GM had traded above $45 per share before the trade war began. Perhaps some will buy in hopes that the trade war will end soon. But no matter what, income-oriented investor who bought at a lower price should stay the course. For this group, I still think General Motors stock offers a compelling value proposition. The annual payout of $1.52 per share has remained steady since 2016.These payments also amount to a dividend yield of about 4.2%. This comes in at more than double the S&P 500 average of around 2%. That said, it's also lower than the 6% yield on Ford (NYSE:F). However, Ford cut this payment from last year's levels. The stability of GM's payout should give it an edge over Ford among some investors. The Bottom Line on General MotorsDespite the problems plaguing GM, investors have few reasons to sell. Yes, tariffs, changing customer preferences, and technology could cause issues for General Motors stock. However, these conditions have taken GE's PE ratio below 6 and its dividend yield well above 4%.Even with few prospects for share price growth, the company is uniquely positioned to give income investors a higher-than-average return. Moreover, an end to the trade war could also boost the GM stock price.Unless the U.S. and China sign a trade agreement, investors should not expect any significant multiple expansion for the foreseeable future. Still, for investors who care primarily about dividends, GM stock remains well-positioned to deliver a consistent, generous payout.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Tariff, Consumer Challenges Are Priced Into GM Stock appeared first on InvestorPlace.

  • Uber, Lyft rival to open Bay Area technology center with big plans for hiring
    American City Business Journals3 days ago

    Uber, Lyft rival to open Bay Area technology center with big plans for hiring

    This ride-sharing behemoth is planning to hire a sizable amount of engineers for its new research center.

  • Uber and Lyft Really Don’t Want California to Pass This Worker Rights Bill
    City Lab NonHosted4 days ago

    Uber and Lyft Really Don’t Want California to Pass This Worker Rights Bill

    As California considers a gig-work bill to make ride-hailing drivers employees eligible for benefits and bargaining rights, Uber and Lyft beg for compromise.

  • Fiverr breaks from gig-economy IPO curse, CEO says market ‘is like e-commerce 20 years ago’
    MarketWatch4 days ago

    Fiverr breaks from gig-economy IPO curse, CEO says market ‘is like e-commerce 20 years ago’

    Fiverr International Ltd. shares soared in Thursday trading after the gig-economy software company made its public debut.

  • Benzinga4 days ago

    Evercore Along For Bullish Ride With Uber, Lyft

    The ride-hailing industry is on a path to profitability sooner than some may think, with a huge untapped market left to capture, Evercore ISI said Thursday. Benjamin Black initiated coverage of Uber with an Outperform rating $60 price target. Ride-hailing is completely disrupting the American transportation market, Black said in a Wednesday note — and there’s enough disruption for both companies to do well.

  • 7 First-Half IPO Stocks That Will Falter in 2019’s Second Half
    InvestorPlace4 days ago

    7 First-Half IPO Stocks That Will Falter in 2019’s Second Half

    Two consumer-facing IPO stocks have stood out for investors in the first six months of 2019. First, Beyond Meat (NASDAQ:BYND), the meatless burger taking the world by storm, went public on May 1 at $25 a share. Since then, it's gained 468% through June 13, and that's with a big two-day selloff on June 10 and June 11. The second IPO to turn heads is Revolve Group (NYSE:RVLV), the California online fashion retailer. It went public on June 6 at $18 a share. It's up 103% through June 13, an annualized total return of more than 5,000%. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe odds of it delivering a 5,000% return in one year is slim to none. Will it be one of the IPO stocks from the first half of 2019 to falter most in the second half? It very well could be. * 7 High-Quality Cheap Stocks to Buy With $10 However, with 65 pricings through June 13, it's possible that other 2019 IPOs such as Lyft (NASDAQ:LYFT) and Uber (NYSE:UBER) could also fit the bill. New Fortress Energy (NFE)Source: Shutterstock New Fortress Energy (NASDAQ:NFE) went public on January 30 at $14 a share selling $280 million of its stock. It lost 6.6% on its first day of trading and is down 31% through June 13. New Fortress takes diesel and heavy fuel oil and turns it into natural gas or gas-fired power. It sells these two items to customers who sign long-term, take-or-pay contracts. Utilizing an integrated liquid natural gas (LNG) production and delivery model, it plans to take advantage of the gap that exists between the supply and demand of LNG. New Energy Holdings is controlled by Fortress Investment co-CEO Wes Edens, a 57-year-old billionaire who owns a piece of both the Milwaukee Bucks and Aston Villa in the Premier League. Edens believes that U.S. natural gas exports to countries that have historically relied on oil imports to generate power are a winning proposition, which is why he co-founded it in 2014 and took it public in January. New Energy lost $36.5 million in the nine months ended September 30, 2018, 164% higher than its operating loss in the same period a year earlier. To be successful, it's going to burn through a lot of capital. I don't see it going well. However, he's a billionaire and I'm not, so you never know. Gossamer Bio (GOSS)Source: Shutterstock Gossamer Bio (NASDAQ:GOSS) went public on February 7 at $16 a share selling $276 million of its stock. It gained 12.1% on its first day of trading and is up 19% through June 13. The company, according to its prospectus, is "a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing therapeutics in the disease areas of immunology, inflammation and oncology. Our goal is to be an industry leader in each of these therapeutic areas and to enhance and extend the lives of patients suffering from such diseases."It's an admirable goal to be sure. Gossamer Bio initially expected to sell 14.4 million shares. However, serious interest from investors upped the number of shares sold to 17.3 million. It was the second biotech company of 2019 to go public at a valuation of more than $1 billion. In 2018, 58 biotechs went public, and only five were able to achieve a "unicorn" valuation. Gossamer is using the net proceeds to advance its best potential commercial drug -- GB001 is a treatment for asthma -- which is in Phase 2b clinical trials.In its first quarter as a public company, Gossamer Bio had no revenue and $34.0 million in operating expenses, compared to no revenue and $26.1 million in operating expenses in the same period a year earlier. * 6 Growth Stocks That Could Be the Next Big Thing Wouldn't it be wiser to invest in a biotech ETF or profitable biotech company than this IPO stock? Levi Strauss & Co. (LEVI)Source: Shutterstock Levi Strauss & Co (NYSE:LEVI) went public on March 20 at $17 a share selling $623 million of its stock. It gained 31.8% on its first day of trading but has since given some of those gains back, up 21% through June 13. In March, before Levi Strauss going public, I suggested seven reasons why investors should steer clear of its IPO. LEVI stock has made me look silly through the first three months as a public company. CEO Chip Bergh acknowledged that its growth was broad-based across channels and regions. However, I'm not about to change my tune despite the fact the maker of jeans had a good quarterly report with revenues of $1.44 billion, 7% higher than a year earlier, and adjusted net income of $151 million, 81% higher than the same quarter a year earlier. Of the $623 million in shares sold to the public, most were by selling shareholders; only $121 million in net proceeds went to the company. Frankly, with the company planning to open almost 100 stores in 2019, I could see its debt situation getting worse. It finished the first quarter with net debt of $319.2 million, $20 million less than at the end of November. The company has $500 million in fixed-rate debt at 5.0% interest and $542 million in fixed-rate debt at 3.375% interest. All due in 2024 and beyond. A retail company as iconic as Levi Strauss should not have any debt on its books -- even if it technically a recent IPO stock. Tradeweb (TW)Source: Shutterstock Tradeweb Markets (NASDAQ:TW) went public on April 3 at $27 a share selling $1.08 billion of its stock. It gained 32.6% on its first day of trading and is up 58% through June 13.Tradeweb operates electronic marketplaces for asset managers, hedge funds, insurance companies, and many other large financial institutions to trade various asset classes including equities, credit, and money markets. It has more than 2,500 clients operating in 62 countries around the world. Refinitiv, a company owned 45% by Thomson Reuters (NYSE:TRI) and 55% by Blackstone Group (NYSE:BX), owns just less than 70% of Tradeweb. On May 8, Tradeweb announced solid Q1 2019 earnings with revenues up 10.2% to $186.8 million on adjusted net income of $52.2 million. Except for its market data segment, all areas of its business had double-digit revenue gains in the quarter. * 3 Hot Trades for 3 Spicy IPO Stocks With zero debt and $362 million in cash on the balance sheet, I don't believe there's anything wrong with Tradeweb's business. I just feel like it's overvalued at 35 times cash flow and 46 times forward earnings. Luckin (LK)Source: Shutterstock Luckin Coffee (NASDAQ:LK) went public on May 16 at $17 a share selling $561 million of its stock. It gained 19.9% on its first day of trading; it's up 7.0% through June 13.Of all the IPO stocks on this list, Luckin is the one I'd be most wary of -- primarily because it's trying to steal Starbucks' (NASDAQ:SBUX) thunder in China. Also, the coffee market in China continues to see new, larger entrants like Restaurant Brands International's (NYSE:QSR) Tim Hortons and others, enter the scene, making it doubly hard for Luckin to become profitable. It's important to remember that Luckin is less than two years old. Going public with a valuation over $5 billion, that's pretty rich for a company that lost $238 million in 2018 on just $125 million in revenue. If Luckin operated in South Africa, not China, would you still be enthusiastic about investing in a coffee business that loses $2 for every $1 of revenue?I highly doubt it. Revolve Group (RVLV)Source: Shutterstock Revolve Group, as I stated in the beginning, went public on June 6 at $18 a share. Despite doubling in price, it continues to receive a lot of positive attention from Wall Street professionals. On June 7, Citron Research tweeted that it expects to see Revolve stock hit $50 because of its use of technology and social media to acquire new customers profitably. Citron estimates that Revolve spends $100 to bring in $300 in revenue, a sign that it's got significant growth ahead of it. On June 12, Jim Cramer of CNBC jumped into the fray, suggesting that RVLG ought to be on investors' shopping list. "They've been consistently turning a profit for years now. This is not your typical red-hot IPO that's all about revenue growth with no concern for earnings," Cramer said on Mad Money. "The only negative is that their margins took a little hit in the first quarter, but that's because they rolled out their new, lower-price concept Superdown."If you look at Revolve's prospectus, it's easy to see what Cramer means. In 2018, Revolve had an operating profit of $41.8 million, about double its operating profit from a year earlier, on $498.7 million in revenue. That's an operating margin of 8.4%, 330 basis points higher than in 2017. With more than $30 million in cash at the end of March and zero debt along with a portfolio of 21 of its own brands, innovation seems to be Revolve's calling card. * 5 Great Dividend Stocks to Buy From the Tech Sector However, with a $2.7 billion market cap, investors are paying 84 times cash flow. By comparison, you can get Lululemon (NASDAQ:LULU) for 31 times cash flow despite the fact it's up 41% year to date through June 12. Beyond Meat (BYND)Source: Shutterstock Beyond Meat is a great product. I've eaten its burgers both at restaurants and at home. Every time's been an enjoyable, tasteful experience. So, you won't get any complaints from me about the quality. Long term, I can see it becoming huge. However, when you have no analysts recommending its stock, you know it's a valuation bubble just ready to pop. On June 12, Bernstein downgraded Beyond Meat from outperform to market perform with a $123 target price. Eight analysts are covering its stock at the moment with all eight giving BYND a hold. "The downgrade is driven by valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float and is now trading at ~31x EV/NTM Sales, implying limited upside potential from a valuation perspective," wrote Bernstein's Alexia Howard.Like several of the stocks on this list, I believe that its stock can be bought later this year or early in 2020 at a much better entry point. At the time of this writing Will Ashworth 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 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 7 First-Half IPO Stocks That Will Falter in 2019a€™s Second Half appeared first on InvestorPlace.

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