Uber Technologies (NYSE:UBER) Given New $82.00 Price Target at Piper Sandler

Uber Technologies (NYSE:UBER) had its price target dropped by stock analysts at Piper Sandler from $98.00 to $82.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the ride-sharing company’s stock. Piper Sandler’s target price suggests a potential upside of 19.29% from the company’s previous close.

UBER has been the topic of a number of other research reports. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Wolfe Research boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Truist Financial cut their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, KeyCorp lowered their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.36.

Uber Technologies Trading Up 0.3 %

Shares of UBER opened at $68.74 on Tuesday. The company’s fifty day moving average is $65.86 and its 200 day moving average is $70.26. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market capitalization of $144.74 billion, a PE ratio of 34.20, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies will post 1.86 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently modified their holdings of the stock. Ascent Wealth Partners LLC acquired a new position in Uber Technologies in the 3rd quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky increased its holdings in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares during the period. Aviso Wealth Management acquired a new position in Uber Technologies in the 3rd quarter worth approximately $2,302,000. Polianta Ltd acquired a new position in Uber Technologies in the 4th quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in Uber Technologies in the 3rd quarter worth approximately $1,041,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Company Profile

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.