Latest news with #Lyft
Yahoo
an hour ago
- Business
- Yahoo
Integral Ad Science (IAS) Partners with Lyft Media as Its First Media Quality Measurement Platform
Integral Ad Science Holding Corp. (NASDAQ:IAS) on our list of the 10 best marketing stocks to buy right now. Integral Ad Science Holding Corp. (NASDAQ:IAS) partnered with Lyft Media to offer third-party ad measurement for its in-app inventory on June 12, 2025. This collaboration holds great significance for the company in the context of enabling it to establish itself as a leader in media quality and transparency. Through this partnership, IAS will allow advertisers to validate viewability, detect unwanted traffic, and protect their brands in the rapidly growing in-app media landscape. Integral Ad Science Holding Corp. (NASDAQ:IAS) is among the best advertising agency stocks to buy right now. A closeup of a digital newsroom, highlighting the complexity of the modern media landscape. With this development, advertisers will be provided with enhanced transparency into their media purchases, comprehensive reporting capabilities, and trusted third-party measurement. This will guarantee that ads reach real viewers in a fraud-free manner. Lisa Utzschneider, CEO of Integral Ad Science Holding Corp. (NASDAQ:IAS), stated: 'We are delighted to partner with Lyft as their first media quality measurement platform, providing advertisers with greater transparency into their media buys through trusted and transparent metrics.' Integral Ad Science Holding Corp. (NASDAQ:IAS) offers a digital media verification platform globally, maximizing advertisers' return on ad spend while keeping consumer trust intact. While we acknowledge the potential of IAS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Undervalued Quantum Computing Stocks to Buy Now and 10 Low Risk High Reward Stocks Set to Triple by 2030. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Why Lyft (LYFT) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike. Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term. Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks. Lyft, based in San Francisco, CA, was founded in 2012. The company, however, made its trading debut on the Nasdaq in March 2019. Its IPO price was $72 a share. Lyft completed its IPO on Apr 2, 2019. During the process, the company sold 32,500,000 shares of Class A common stock. On Apr 9, 2019, Lyft sold 2,996,845 more shares of Class A common stock at $72 per share. LYFT sits at a Zacks Rank #2 (Buy), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Internet - Services industry's P/E of 18.3X, shares of Lyft are trading at a forward P/E of 13.3X. LYFT also has a PEG Ratio of 0.6, a Price/Cash Flow ratio of 56.2X, and a Price/Sales ratio of 1X. A company's earnings performance is important for value investors as well. For fiscal 2025, seven analysts revised their earnings estimate higher in the last 60 days for LYFT, while the Zacks Consensus Estimate has increased $0.10 to $1.11 per share. LYFT also holds an average earnings surprise of 24.2%. Investors should take the time to consider LYFT for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lyft, Inc. (LYFT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
16 hours ago
- Business
- Yahoo
LYFT's Gross Bookings Growth Gaining Pace: A Sign of More Upside?
Lyft LYFT, a ridesharing company based in San Francisco, CA, is benefiting from the increase in gross bookings. Gross bookings are improving mainly owing to the growing active rider base, expansion into new markets and the success of the company's customer-friendly "Price Lock" feature. Last month, Lyft released its first-quarter 2025 earnings report. In the March quarter, gross bookings increased 13% year over year to $4.6 billion. Management stated that this was the 16th consecutive quarter where Lyft demonstrated double-digit year-on-year growth in the key metric. The uptick was driven by the record active riders of 24.4 million in the quarter. Active riders increased 11% year over year in the quarter. The total number of rides in the quarter reached a first-quarter record of 218.4 million, reflecting a year-over-year increase of 16%. For the second quarter of 2025, Lyft expects gross bookings in the $4.41-$4.57 billion range, indicating 10-14% growth from second-quarter 2024 actuals. LYFT's move to focus on less densely populated markets, such as Indianapolis, is paying off. Its Price Lock feature is also doing well. With the return-to-office mode gaining steam, there is a surge in weekday demand for ride-hailing services. To compete more effectively with rivals in the ride-hailing arena, Lyft has introduced a Price Lock feature. This feature allows users to bypass surge pricing during peak commuting hours. By locking in a commute price, they can save money. With customer traffic picking up, gross bookings were highly impressive for rival Uber Technologies UBER in the first quarter of 2025. Gross bookings from Uber's Mobility segment in the March quarter increased 20% year over year on a constant currency basis to $21.2 billion. The metric from the Delivery segment in the March quarter rose 18% year over year on a constant currency basis to $20.4 billion. In the June quarter, Uber expects gross bookings to be in the $45.75-$47.25 billion range, representing growth on a constant currency basis in the 16-20% band from second-quarter 2024 actuals. Singapore-based Grab GRAB is benefiting from strong growth in its On-Demand Gross Merchandise Value ('GMV'). On-Demand GMV refers to the sum of GMV of the mobility and deliveries segments. In the first quarter of 2025, On-Demand GMV increased 16% year over year at Grab. Grab expects 2025 revenues between $3.33 billion and $3.40 billion, indicating 19-22% year-over-year growth. Shares of LYFT have gained 8.3% in the past six months against its industry's 8.1% decline in the same timeframe. Image Source: Zacks Investment Research From a valuation standpoint, LYFT trades at a 12-month forward price-to-sales of 0.89X. LYFT is inexpensive compared with its industry. Image Source: Zacks Investment Research The Zacks Consensus Estimate for LYFT's 2025 and 2026 earnings has been revised upward over the past 60 days. Image Source: Zacks Investment Research LYFT currently carries a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lyft, Inc. (LYFT) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report Grab Holdings Limited (GRAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Boston Globe
20 hours ago
- Boston Globe
Man charged with killing girlfriend, leaving her body at Logan Airport parking lot, fires his lawyer
Judge Mary K. Ames granted Shapiro's request to withdraw and set an Aug. 21 hearing for the appearance of new counsel. Kangethe, 42, Kangethe remains held without bail. Advertisement Kevin Adam Kinyanjui Kangethe appears at the Milimani law court in Nairobi, Kenya, on Feb. 14, 2024. Brian Inganga/Associated Press During Kangethe's arraignment last year, Assistant District Attorney Mark Lee said that Mbitu lived in Whitman and was last seen at about 11 p.m. on Oct. 30, 2023, leaving a longterm care facility in Halifax, where she worked as a nurse. Lee said Kangethe took a Lyft ride to the facility and they left in his Toyota Venza that she had been driving. 'Whether by coercion or not,' Kangethe drove Mbitu from her workplace, Lee said. Sometime between leaving Halifax and arriving at his home in Lowell, Kangethe 'brutally attacked' Mbitu with a knife, delivering '10 wounds just to her face and neck alone,' Lee said. Advertisement Authorities determined that Kangethe parked the car at his home with her body inside and was seen on video driving at different locations in Lowell and several neighboring towns, Lee said. 'Failing to find a place to dispose of her, Mr. Kangethe discarded her cellphone instead in a dumpster in Chelsea just before driving to Logan Airport,' Lee said. On Oct. 31, 2023, Kangethe twice answered calls from Mbitu's friends and coworkers, who were frantically trying to find out why she never showed up for work that morning, Lee said. On both occasions, Kangethe would not put Mbitu on the line and said she had sustained an injury. Kangethe drove to Logan, where he parked the car and left her body facedown in the front seat, with the seat reclined and her body covered with bags and other items, Lee said. Kangethe then boarded a flight to Nairobi, Lee said. 'Everything about Mr. Kangethe's flight from the United States suggests that he intended it to be permanent,' Lee said. 'He left with a one-way ticket.' Kangethe was After the arraignment, Suffolk District Attorney Kevin Hayden described Mbitu as a caregiver and nurse who was 'beloved by every patient that she served' and 'a beautiful soul and a wonderful daughter and a loving sister.' His words were echoed by Ann Mbitu, the victim's sister, whose statement was read outside court by a relative. Advertisement 'When I lost my sister, I lost a personal friend, a confidante, and the only person I knew I could speak to,' the sister said. 'We will continue to fight ... until this coward is locked up and never sees the light again or gets to hurt another family and take their loved one away from them.' Material from prior Globe stories was used in this report. Travis Andersen can be reached at
Yahoo
a day ago
- Business
- Yahoo
Integral Ad Science (IAS) Partners with Lyft Media as Its First Media Quality Measurement Platform
Integral Ad Science Holding Corp. (NASDAQ:IAS) on our list of the 10 best marketing stocks to buy right now. Integral Ad Science Holding Corp. (NASDAQ:IAS) partnered with Lyft Media to offer third-party ad measurement for its in-app inventory on June 12, 2025. This collaboration holds great significance for the company in the context of enabling it to establish itself as a leader in media quality and transparency. Through this partnership, IAS will allow advertisers to validate viewability, detect unwanted traffic, and protect their brands in the rapidly growing in-app media landscape. Integral Ad Science Holding Corp. (NASDAQ:IAS) is among the best advertising agency stocks to buy right now. A closeup of a digital newsroom, highlighting the complexity of the modern media landscape. With this development, advertisers will be provided with enhanced transparency into their media purchases, comprehensive reporting capabilities, and trusted third-party measurement. This will guarantee that ads reach real viewers in a fraud-free manner. Lisa Utzschneider, CEO of Integral Ad Science Holding Corp. (NASDAQ:IAS), stated: 'We are delighted to partner with Lyft as their first media quality measurement platform, providing advertisers with greater transparency into their media buys through trusted and transparent metrics.' Integral Ad Science Holding Corp. (NASDAQ:IAS) offers a digital media verification platform globally, maximizing advertisers' return on ad spend while keeping consumer trust intact. While we acknowledge the potential of IAS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Undervalued Quantum Computing Stocks to Buy Now and 10 Low Risk High Reward Stocks Set to Triple by 2030. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data
