Piper Sandler Issues Pessimistic Forecast for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBERGet Free Report) had its price target lowered by research analysts at Piper Sandler from $98.00 to $82.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the ride-sharing company’s stock. Piper Sandler’s price objective would indicate a potential upside of 22.90% from the stock’s current price.

Several other research firms have also recently commented on UBER. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. UBS Group increased their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Monday. Evercore ISI raised their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, DA Davidson lifted their target price on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.

Read Our Latest Report on UBER

Uber Technologies Stock Performance

Shares of UBER opened at $66.72 on Tuesday. The firm has a market cap of $140.50 billion, a P/E ratio of 33.20, a PEG ratio of 0.77 and a beta of 1.36. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50 day moving average price is $65.83 and its two-hundred day moving average price is $70.19.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. On average, analysts forecast that Uber Technologies will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently modified their holdings of UBER. Avion Wealth raised its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $35,000. Finally, Financial Management Professionals Inc. boosted its position in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Company Profile

(Get Free Report)

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.

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