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

Uber Technologies, Inc. (NYSE:UBER) has earned a consensus rating of “Moderate Buy” from the thirty-one analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $78.94.

UBER has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Piper Sandler raised their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Roth Mkm raised their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Barclays raised their target price on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Jefferies Financial Group raised their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 5th.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Management Professionals Inc. raised its position in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. CVA Family Office LLC purchased a new position in Uber Technologies during the 4th quarter worth $30,000. Highlander Capital Management LLC raised its position in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. Bfsg LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth $31,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $69.31 on Friday. Uber Technologies has a one year low of $29.22 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The company’s 50 day simple moving average is $76.49 and its 200-day simple moving average is $64.19. The stock has a market capitalization of $144.26 billion, a P/E ratio of 80.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. Sell-side analysts anticipate that Uber Technologies will post 1.22 earnings per share for the current fiscal year.

About Uber Technologies

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.