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

Uber Technologies, Inc. (NYSE:UBER) has earned a consensus recommendation of “Moderate Buy” from the thirty-six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $90.94.

Several analysts have recently issued reports on UBER shares. Evercore ISI decreased their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group restated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th.

Uber Technologies Stock Down 3.2 %

Shares of NYSE UBER opened at $76.34 on Thursday. The firm’s 50-day moving average price is $68.05 and its 200-day moving average price is $71.34. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $159.46 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Navalign LLC boosted its position in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock worth $1,536,000 after acquiring an additional 126 shares during the last quarter. CENTRAL TRUST Co boosted its position in Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after acquiring an additional 127 shares during the last quarter. DT Investment Partners LLC boosted its position in Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after acquiring an additional 145 shares during the last quarter. Welch & Forbes LLC boosted its position in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after acquiring an additional 148 shares during the last quarter. Finally, Jmac Enterprises LLC boosted its holdings in Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after purchasing an additional 150 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.