Uber Technologies (NYSE:UBER) Rating Reiterated by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Uber Technologies (NYSE:UBER) in a research report released on Tuesday morning, Benzinga reports. JMP Securities currently has a $75.00 target price on the ride-sharing company’s stock.

A number of other analysts have also commented on the company. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a hold rating and a $77.00 target price for the company. Morgan Stanley boosted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an overweight rating in a research report on Tuesday, July 23rd. Jefferies Financial Group decreased their price objective on Uber Technologies from $103.00 to $100.00 and set a buy rating for the company in a report on Thursday, May 9th. UBS Group decreased their price objective on Uber Technologies from $100.00 to $95.00 and set a buy rating for the company in a report on Thursday, May 9th. Finally, Bank of America decreased their price objective on Uber Technologies from $91.00 to $87.00 and set a buy rating for the company in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $86.76.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $58.99 on Tuesday. Uber Technologies has a one year low of $40.09 and a one year high of $82.14. The firm has a market capitalization of $123.26 billion, a price-to-earnings ratio of 95.15, a PEG ratio of 1.41 and a beta of 1.36. The business has a 50-day simple moving average of $68.37 and a 200 day simple moving average of $70.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the previous year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, research analysts anticipate that Uber Technologies will post 0.85 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,135,984 shares of company stock worth $78,213,297. Insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares during the period. WR Wealth Planners LLC raised its holdings in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares during the period. Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the period. Bfsg LLC bought a new stake in Uber Technologies during the 4th quarter valued at $31,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Institutional investors 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.