LYFT - Lyft, Inc.
| Previous close | 39.86 |
| Open | 37.62 |
| Bid | 35.62 x 900 |
| Ask | 35.64 x 1300 |
| Day's range | 35.03 - 37.65 |
| 52-week range | 35.03 - 88.60 |
| Volume | 5,992,135 |
| Avg. volume | 7,027,290 |
| Market cap | 10.954B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -11.44 |
| Earnings date | 10 Feb 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 66.13 |
- Zacks
5 Coronavirus-Proof Stocks to Counter Market Meltdown
As fears of a pandemic and its subsequent impact on global economic growth mount, we have highlighted five stocks that are immune to the coronavirus outbreak.
- Zacks
Lyft Purchases US Car-Top Advertising Startup Halo Cars
The Halo Cars buyout may present a good source of revenue for Lyft (LYFT) and is a step toward its profitability target.
- Yahoo Finance
Amex, Facebook, Uber among those raking in millions from 2020 contenders
By the numbers, here is how 2020 contenders are spending their money, and where.
- Reuters
Lyft buys digital car-top advertising startup Halo Cars
Lyft did not comment on the financing of the deal. Halo Cars was founded in 2018 and has operations in U.S. markets such as New York and Chicago. Lyft and larger rival Uber Technologies Inc, both based in San Francisco, are pursuing different roads in search of profitability, with Uber pouring money into side businesses which have so far lost money and Lyft focusing solely on moving people around.
- Bloomberg
Peloton Shares to Be Freed Early, Conjuring Tech Lock-Up Deja Vu
(Bloomberg) -- A pivotal moment next week for at-home fitness provider Peloton Interactive Inc. could conjure up memories of last year’s releases of newly-issued stock by technology companies -- moves that rattled investors and led to heightened volatility for Lyft Inc. and Uber Technologies Inc.Come Monday, some 90% of Peloton’s shares outstanding will be freed up, opening the first window for insiders and early investors to sell since the company’s September initial public offering. This particular lock-up -- similar to Lyft’s -- expires short of the traditional 180-day lock-up period that most companies follow.Meanwhile, Peloton shares at the recent close of around $27 are below its $29 IPO price. Analysts cited the early lock-up as a near-term risk to shares. MKM’s Rohit Kulkarni, in a report published Friday, said that unlike Uber and Lyft, almost all locked-up shares as well as vested stock options “have significant positive returns,” which could lead to downward pressure in the near-term.Lock-ups “created volatility for other recent tech IPOs,” in anticipation of pent up selling pressure, although the stocks tended to bounce back in the days following the expiration, BofA analyst Justin Post said in a telephone interview.Recalling Lyft and Uber’s volatility around their lock-up expirations, Raymond James analyst Justin Patterson said that it “coincided with negative regulatory headlines. And unique to Uber was a former executive selling fairly aggressively into the market.” By contrast, Peloton’s founders remain at the company.The date was moved up because Peloton’s lock-up expiry would have fallen during a blackout period that would bar insiders from selling, according to a Feb. 5 filing submitted to the Securities and Exchange Commission when the company reported earnings. A highlight of the filing was the company’s estimate of shares outstanding -- 317 million. That figure includes options that have or will be vested as of Feb. 24, as well as some 273 million convertible Class B shares eligible to be sold in the public market.Analysts using the 280 million shares outstanding that were cited in Peloton’s quarterly report have some math homework to do before Monday.Based on JPMorgan’s estimate of roughly 277 million shares that will unlock for insiders and early investors, about 87% of Peloton’s estimated 317 million shares outstanding stands to be freed. That would include 144 million shares held by affiliates and 133 million shares held by non-affiliates.Tiger Global Management and Peloton Chief Executive Officer John Foley are among the largest affiliates, with roughly 15% and 6.1% holdings respectively, according to JPMorgan. Technology Crossover Ventures (TCV) has 6%. Fidelity, which owns 5% of shares outstanding, and Comcast, with 3.3%, are not counted among affiliates, according to JPMorgan. Tiger Global and Fidelity declined to comment. TCV deferred to the company to answer questions while Peloton declined to comment.To contact the reporter on this story: Crystal Kim in New York at ckim426@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Scott Schnipper, Cristin FlanaganFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Is Lyft (LYFT) Outperforming Other Computer and Technology Stocks This Year?
Is (LYFT) Outperforming Other Computer and Technology Stocks This Year?
- Reuters
Lyft resumes shared electric bike rentals in NYC
Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports. The bikes will be available at any of the city's nearly 900 Citi Bike stations for a per-minute fee, versus a flat rate for non-electric shared bikes. New York, the most populous U.S. city with over 19 million people, is an attractive market for transportation providers.
- IPO-Edge.com
IPO Edge Editor Jannarone: SmileDirectClub Powers Through Unfair Attacks – TD Ameritrade TV
SmileDirectClub, Inc. has been subject to unfair attacks from the powerful American Dental Association, short sellers, and even unscrupulous journalists, but the strong underlying business has attracted investors who see through the confusion. That’s according to IPO Edge Editor-in-Chief John Jannarone, who spoke to TD Ameritrade Tuesday. Jannarone, who recently published a detailed article on […]
- Zacks
Uber & Lyft Duke It Out In The Financial Markets
Ridesharing's race to the end of their capital may no longer be the central issue. Now it is a race to profitability.
- Zacks
Synaptics, Columbia Sportswear, Uber and Lyft highlighted as Zacks Bull and Bear of the Day
Synaptics, Columbia Sportswear, Uber and Lyft highlighted as Zacks Bull and Bear of the Day
- Zacks
Forget Lyft Slump: Play Ridesharing Earnings With These ETFs
Lyft's stock slumped despite upbeat Q4 results as its profitability timeline fell short of Uber. Investors can thus adopt a basket approach and play the ridesharing companies??? earnings with these ETFs.
- Yahoo Finance
How Lyft dropped the ball and instantly lost millions in market value
Lyft had a very simple task come its latest earnings day: give investors more hope.
- Zacks
Ridesharing's Race To Profitability
Once UBER and LYFT start to see a positive bottom-line, their shares are going to run
- Zacks
Lyft (LYFT) Down Despite Narrower-Than-Expected Q4 Loss
Robust rise in revenues aids Lyft's (LYFT) Q4 results. However, the company sticks to its expectation of becoming profitable in the fourth quarter of 2021.
- Bloomberg
Lyft Forecasts Disappoint Investors Seeking Faster Profit
(Bloomberg) -- Lyft Inc. quarterly results and guidance for 2020 disappointed investors who punished the ride-hailing company for not promising profits sooner. The shares dropped more than 5% in extended trading.Lyft’s results came a few days after larger rival Uber Technologies Inc. reported quarterly numbers that blew past analysts’ expectations and announced that it was moving up its target for profitability. The news sent Uber’s stock price soaring.Lyft didn’t provide updated guidance on turning a profit. Late last year, the company said it would be profitable on an adjusted basis by the fourth quarter of 2021. The stock slipped to as low as $50.82 in extended trading, after closing at $53.94 earlier in New York. Lyft’s rally of more than 25% this year -- along with Uber’s recent results -- raised the bar for Tuesday’s report.While Lyft is Uber’s chief competitor, the two businesses are different. Lyft operates only in North America, while Uber’s business includes overseas markets, food delivery and new ventures like helicopter rides and matching job candidates with short-term work.“Lyft seemed super, super confident with the guidance they did provide,” said Tom White, an analyst at D.A. Davidson. “Uber has a more aggressive timeline,” he said, but added that Uber “made some assumptions,” such as planned reductions in price discounts, while making those projections.Lyft said revenue for the three months ending Dec. 31 jumped 52% to $1.02 billion from the same period a year ago. Analysts had expected revenue of $985.8 million. The company narrowed its adjusted net loss, which excludes stock-based compensation, acquisition expenses and other costs, to $121.4 million during the fourth quarter, compared with $238.5 million for the same period a year earlier. Analysts had expected an adjusted loss of $161.9 million, according to data compiled by Bloomberg.“In 2020 we expect strong top line growth as well as important progress on our path to profitability,” Lyft Chief Financial Officer Brian Roberts said in an interview on Tuesday.Unlike Uber, Lyft has focused solely on mobility, a category that includes ride-hailing, electric bikes, scooters and integration with public transit. The company’s strategy has been to move further into existing markets to capture more active riders and increase how much they spend on Lyft services. In recent months, the company has added public transit options to its app, introduced monthly subscriptions and offered an option to decrease ride costs by scheduling pickup a few blocks away. Last year was the first time the company had combined all mobility options on its app, a strategy designed to drive greater revenue per rider in 2020.In the fourth quarter, Lyft increased its number of active riders 23% to 22.9 million, slightly outpacing analysts’ estimates of 22.8 million. Revenue from each active rider increased 23% to $44.40, again slightly beating analysts’ estimate of $43.16.Like Uber, Lyft is trying to focus on profitable growth by curtailing the discounts and incentives it initially used to hook new riders and drivers. The San Francisco-based company has also sought to trim costs. Last month it said it would cut 90 jobs as part of a larger restructuring effort.Lyft said it will continue to expand its partnerships with other companies, like the one it recently struck with JPMorgan Chase & Co. offering perks for some cardholders. It will also pursue contracts with health-care companies and other enterprise customers. Corporate clients tend to ride often, and the business is considered high-growth and high-margin. The move represents a step onto Uber’s turf, which has long been a destination for business riders and continues to be a focus for the company in 2020.“We really want to win on product innovation, on customer experience and brand preference,” Lyft Chief Executive Officer Logan Green said on a call with investors Tuesday, “not on things like coupons or incentives.”For 2020, Lyft said it expects to generate $4.58 billion to $4.65 billion in revenue and projected that it will narrow its losses before interest, taxes and other expenses to $450 million to $490 million, from $678.9 million in 2019.Some analysts have flagged a new California law reclassifying many gig economy workers as employees as a risk for Lyft, Uber and others, potentially triggering price hikes estimated to be as high as 30%. Roberts waved off concerns about the law’s impact, saying Lyft was “100% focused” on putting an alternative measure on the November ballot and has already helped collect 325,000 of the 500,000 signatures required by May to qualify.(Updates with quotes from the CEO in the 12th paragraph.)To contact the reporter on this story: Lizette Chapman in San Francisco at lchapman19@bloomberg.netTo contact the editors responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Anne VanderMey, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Shareholder Alert: Robbins LLP Reminds Investors Lyft, Inc. (LYFT) Sued for Misleading Shareholders
Shareholder rights law firm Robbins LLP reminds investors that purchasers of Lyft, Inc. (NASDAQ: LYFT) filed a class action complaint against the company for alleged violations of the Securities and Exchange Act of 1933 pursuant to the company's March 2019 initial public offering ("IPO"). Lyft is a ridesharing company.
- Yahoo Finance
Lyft 4Q sales top expectations, active riders jump 23%
Lyft reported fourth-quarter results that topped consensus expectations, driven by better than expected rider growth in the last months of 2019.
- Reuters
Lyft forecasts slower growth in 2020, leaves target profit date unchanged
While Lyft reported record quarterly revenue of more than $1 billion, it failed to change its target to achieve profitability on an adjusted basis by the end of 2021. This was in contrast to its larger rival Uber Technologies Inc , which last week moved its own profitability target, previously the same as Lyft's, to the fourth quarter of 2020.
- Zacks
T-Mobile-Sprint Merger, Lyft Earnings Preview & Buy Splunk (SPLK) Stock - Free Lunch
The T-Mobile and Sprint merger. A look at some quarterly earnings results. What to expect from Lyft after the closing bell. And why Splunk (SPLK) is Zacks Rank 1 (Strong Buy) stock right now...
- Zacks
Lyft (LYFT) to Report Q4 Earnings Today: What to Expect
Lyft's (LYFT) fourth-quarter revenues are likely to have been aided by high customer adoption and market share gains. However, investments and insurance cost are likely to have weighed on the bottom line.
- TechCrunch
Aptiv's self-driving cars have given 100,000 paid rides on the Lyft app
What started out as a temporary pilot project to test a robotaxi service in Las Vegas has turned into a multi-year partnership between self-driving software company Aptiv and Lyft and a new milestone that suggests the operation is ramping up. The companies announced Tuesday that they’ve given 100,000 paid rides in Aptiv’s self-driving vehicles via the Lyft app. "To our knowledge, this is the largest open-to-the-public commercial pilot," Aptiv Autonomous Mobility President Karl Iagnemma said in a recent interview.
