Needham & Company LLC Reiterates “Buy” Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBERGet Free Report)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a $90.00 price target on the ride-sharing company’s stock, up from their previous price target of $71.00. Needham & Company LLC’s price objective suggests a potential upside of 27.21% from the company’s current price.

Other research analysts also recently issued research reports about the stock. JMP Securities lifted their price objective on shares of Uber Technologies from $62.00 to $75.00 and gave the company a “market outperform” rating in a research report on Tuesday. Bank of America lifted their price objective on shares of Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Tigress Financial lifted their price objective on shares of Uber Technologies from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. BMO Capital Markets began coverage on shares of Uber Technologies in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $69.00 price objective for the company. Finally, Nomura cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $59.00 to $62.00 in a research report on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.76.

Get Our Latest Analysis on UBER

Uber Technologies Trading Up 0.1 %

Shares of NYSE:UBER opened at $70.75 on Wednesday. Uber Technologies has a 12 month low of $29.22 and a 12 month high of $71.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.91. The company’s fifty day simple moving average is $62.39 and its 200 day simple moving average is $52.32. The firm has a market cap of $145.59 billion, a price-to-earnings ratio of 144.22 and a beta of 1.33.

Uber Technologies (NYSE:UBERGet Free Report) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 2.93% and a return on equity of 11.74%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. As a group, research analysts forecast that Uber Technologies will post 0.37 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 18,850 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $53.01, for a total transaction of $999,238.50. Following the completion of the sale, the insider now owns 109,009 shares in the company, valued at $5,778,567.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jill Hazelbaker sold 18,850 shares of Uber Technologies stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $53.01, for a total value of $999,238.50. Following the completion of the transaction, the insider now owns 109,009 shares in the company, valued at $5,778,567.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 100,000 shares of Uber Technologies stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $52.84, for a total transaction of $5,284,000.00. Following the completion of the transaction, the chief executive officer now owns 1,016,243 shares of the company’s stock, valued at approximately $53,698,280.12. The disclosure for this sale can be found here. Insiders have sold 137,600 shares of company stock valued at $7,246,989 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently modified their holdings of the business. OFI Invest Asset Management bought a new position in shares of Uber Technologies in the third quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Uber Technologies by 2,545.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 560 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Uber Technologies in the third quarter valued at approximately $28,000. JFS Wealth Advisors LLC lifted its position in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 495 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in Uber Technologies during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

About Uber Technologies

(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.

Further Reading

Analyst Recommendations for Uber Technologies (NYSE:UBER)

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