Uber Technologies, Inc. (NYSE:UBER) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Uber Technologies, Inc. (NYSE:UBER) have earned a consensus rating of “Moderate Buy” from the thirty-nine analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, thirty-two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $90.32.

A number of research analysts recently issued reports on UBER shares. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Truist Financial reduced their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. UBS Group raised their target price on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. KeyCorp reduced their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company.

Uber Technologies Trading Up 2.5 %

Shares of Uber Technologies stock opened at $73.25 on Tuesday. Uber Technologies has a 1 year low of $53.15 and a 1 year high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $154.24 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The firm’s 50 day moving average is $75.48 and its 200 day moving average is $71.05.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the business posted $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in UBER. NorthRock Partners LLC purchased a new stake in shares of Uber Technologies during the first quarter valued at approximately $403,000. Avantax Advisory Services Inc. raised its stake in shares of Uber Technologies by 24.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 25,169 shares of the ride-sharing company’s stock worth $1,938,000 after purchasing an additional 4,898 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Uber Technologies by 5.5% in the 1st quarter. ProShare Advisors LLC now owns 286,584 shares of the ride-sharing company’s stock worth $22,064,000 after buying an additional 14,954 shares during the last quarter. Bleakley Financial Group LLC grew its position in Uber Technologies by 7.8% during the first quarter. Bleakley Financial Group LLC now owns 31,378 shares of the ride-sharing company’s stock valued at $2,416,000 after buying an additional 2,274 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Uber Technologies by 54.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 309,091 shares of the ride-sharing company’s stock worth $23,797,000 after buying an additional 109,532 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.