Uber Technologies (NYSE:UBER) Stock Rating Reaffirmed by Roth Mkm

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating restated by Roth Mkm in a note issued to investors on Friday, Benzinga reports. They presently have a $89.00 target price on the ride-sharing company’s stock, down from their prior target price of $91.00. Roth Mkm’s target price would indicate a potential upside of 33.05% from the stock’s previous close.

UBER has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price target on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. BTIG Research lifted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Piper Sandler boosted 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. Moffett Nathanson restated a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Finally, KeyCorp boosted 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. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.75.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded down $1.04 during trading hours on Friday, reaching $66.89. The company had a trading volume of 7,361,162 shares, compared to its average volume of 20,477,012. Uber Technologies has a one year low of $37.07 and a one year high of $82.14. The business has a fifty day simple moving average of $74.57 and a 200 day simple moving average of $65.85. 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 firm has a market cap of $139.22 billion, a PE ratio of 78.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter last year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts anticipate that Uber Technologies will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was 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 directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UBER. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after purchasing an additional 43,275,830 shares during the last quarter. Norges Bank acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $1,415,778,000. Edgewood Management LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at about $783,401,000. Capital Research Global Investors grew its position in shares of Uber Technologies by 28.4% in the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Uber Technologies in the third quarter valued at about $272,625,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.