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

Shares of Uber Technologies, Inc. (NYSE:UBER) have earned a consensus recommendation of “Moderate Buy” from the thirty-seven analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $88.00.

A number of analysts recently issued reports on the company. Raymond James began coverage on Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Bank of America reiterated a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Melius Research started coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Melius began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Finally, DA Davidson reissued a “buy” rating and set a $82.00 target price on shares of Uber Technologies in a research note on Thursday.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UBER. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the last quarter. WR Wealth Planners LLC raised its stake in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies in the first quarter worth approximately $32,000. Finally, MCF Advisors LLC increased its position in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 2.4 %

Shares of Uber Technologies stock opened at $79.90 on Friday. The company has a market cap of $167.87 billion, a P/E ratio of 87.80, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33. Uber Technologies has a fifty-two week low of $40.09 and a fifty-two week high of $87.00. The firm has a 50-day simple moving average of $74.09 and a two-hundred day simple moving average of $70.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. As a group, equities analysts predict that Uber Technologies will post 1.08 earnings per share for the current fiscal year.

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.