Cantor Fitzgerald Analysts Lift Earnings Estimates for UBER

Uber Technologies, Inc. (NYSE:UBER) – Investment analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimates for Uber Technologies in a report released on Thursday, May 8th. Cantor Fitzgerald analyst D. Mathivanan now expects that the ride-sharing company will post earnings of $2.66 per share for the year, up from their previous forecast of $2.25. Cantor Fitzgerald has a “Overweight” rating and a $80.00 price target on the stock. The consensus estimate for Uber Technologies’ current full-year earnings is $2.54 per share.

Several other research analysts have also recently issued reports on UBER. KGI Securities reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Wedbush cut Uber Technologies from an “outperform” rating to a “neutral” rating and upped their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. UBS Group lifted their price objective on shares of Uber Technologies from $103.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Piper Sandler reiterated an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.69.

Uber Technologies Price Performance

NYSE UBER opened at $88.10 on Monday. The stock has a market capitalization of $184.23 billion, a P/E ratio of 19.32, a P/E/G ratio of 0.89 and a beta of 1.43. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $88.31. The business’s fifty day moving average is $74.95 and its two-hundred day moving average is $71.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) earnings per share.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,904 shares of company stock worth $6,027,619. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently bought and sold shares of UBER. Harbor Capital Advisors Inc. bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $638,000. Czech National Bank lifted its stake in shares of Uber Technologies by 6.7% in the fourth quarter. Czech National Bank now owns 456,560 shares of the ride-sharing company’s stock valued at $27,540,000 after buying an additional 28,577 shares during the period. Fiduciary Alliance LLC lifted its stake in shares of Uber Technologies by 5.9% in the fourth quarter. Fiduciary Alliance LLC now owns 9,068 shares of the ride-sharing company’s stock valued at $547,000 after buying an additional 502 shares during the period. Brookstone Capital Management lifted its stake in shares of Uber Technologies by 15.7% in the fourth quarter. Brookstone Capital Management now owns 200,342 shares of the ride-sharing company’s stock valued at $12,085,000 after buying an additional 27,163 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at about $33,000. 80.24% of the stock is currently owned by institutional investors.

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.