Uber Technologies (NYSE:UBER) Price Target Lowered to $40.00 at Deutsche Bank Aktiengesellschaft

Uber Technologies (NYSE:UBERGet Rating) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $50.00 to $40.00 in a report released on Monday, The Fly reports.

A number of other equities analysts also recently commented on UBER. BTIG Research reduced their target price on shares of Uber Technologies from $55.00 to $35.00 and set a buy rating for the company in a report on Tuesday, July 19th. Oppenheimer cut their price objective on shares of Uber Technologies from $45.00 to $40.00 in a report on Thursday, May 5th. Citigroup cut their price objective on shares of Uber Technologies from $50.00 to $48.00 and set a buy rating on the stock in a report on Thursday, July 14th. Wedbush restated an outperform rating and set a $38.00 price objective on shares of Uber Technologies in a report on Wednesday, June 29th. Finally, Cowen cut their price objective on shares of Uber Technologies from $80.00 to $72.00 in a report on Thursday, May 5th. One research analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $53.40.

Uber Technologies Stock Up 4.9 %

NYSE:UBER opened at $24.60 on Monday. Uber Technologies has a 1-year low of $19.90 and a 1-year high of $48.88. The company has a 50-day moving average of $22.68 and a 200 day moving average of $29.08. The firm has a market cap of $48.31 billion, a PE ratio of -7.45 and a beta of 1.35. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 1.00.

Uber Technologies (NYSE:UBERGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The ride-sharing company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.09. Uber Technologies had a negative net margin of 29.51% and a positive return on equity of 9.68%. The company had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the prior year, the firm earned ($0.57) earnings per share. The firm’s revenue for the quarter was up 136.3% compared to the same quarter last year. As a group, research analysts anticipate that Uber Technologies will post -3.56 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, CEO Dara Khosrowshahi bought 200,000 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were purchased at an average price of $26.73 per share, for a total transaction of $5,346,000.00. Following the transaction, the chief executive officer now directly owns 1,420,968 shares of the company’s stock, valued at approximately $37,982,474.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.92% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Uber Technologies in the 4th quarter valued at $27,000. MCF Advisors LLC purchased a new position in Uber Technologies in the 1st quarter valued at $27,000. Core Alternative Capital lifted its holdings in Uber Technologies by 3,079.2% in the 1st quarter. Core Alternative Capital now owns 763 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 739 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Uber Technologies in the 1st quarter valued at $32,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in Uber Technologies in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 72.58% of the company’s stock.

Uber Technologies Company Profile

(Get Rating)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

Further Reading

The Fly logo

Analyst Recommendations for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.