Uber Technologies, Inc. (NYSE:UBER) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Uber Technologies, Inc. (NYSE:UBERGet Free Report) has been given an average rating of “Moderate Buy” by the thirty-nine analysts that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, thirty-one have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $91.53.

UBER has been the subject of a number of research reports. JMP Securities cut shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research note on Thursday, January 2nd. Royal Bank of Canada upped their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Tigress Financial increased their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, UBS Group lifted their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th.

Read Our Latest Stock Analysis on UBER

Uber Technologies Trading Up 0.4 %

Shares of UBER stock opened at $68.59 on Friday. The business has a 50-day moving average price of $65.86 and a two-hundred day moving average price of $70.25. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $144.42 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

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

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the 4th quarter worth about $35,000. Financial Management Professionals Inc. raised its position in Uber Technologies by 104.1% in 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 last quarter. Transcendent Capital Group LLC lifted its stake in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the period. Finally, Crews Bank & Trust bought a new position in Uber Technologies during the 4th quarter valued at about $42,000. 80.24% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Uber Technologies (NYSE:UBER)

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