Uber Technologies (NYSE:UBER) Given “Market Outperform” Rating at Citizens Jmp

Uber Technologies (NYSE:UBER)‘s stock had its “market outperform” rating reissued by equities researchers at Citizens Jmp in a report released on Wednesday, Benzinga reports. They presently have a $100.00 price objective on the ride-sharing company’s stock. Citizens Jmp’s price objective indicates a potential upside of 39.92% from the company’s current price.

A number of other brokerages have also recently issued reports on UBER. BMO Capital Markets set a $119.00 target price on shares of Uber Technologies in a research report on Thursday, September 3rd. Roth Capital cut their target price on shares of Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Bank of America cut their target price on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Needham & Company LLC restated a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research report on Thursday, August 6th. Finally, Piper Sandler restated an “overweight” rating on shares of Uber Technologies in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.11.

Uber Technologies Stock Down 0.1%

UBER stock opened at $71.47 on Wednesday. The company has a market cap of $145.98 billion, a P/E ratio of 15.71, a P/E/G ratio of 5.82 and a beta of 1.27. Uber Technologies has a 52 week low of $65.41 and a 52 week high of $100.35. The company’s 50-day moving average price is $73.17 and its 200 day moving average price is $72.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts expect that Uber Technologies will post 3.35 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 28,170 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the completion of the transaction, the insider directly owned 149,525 shares in the company, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Macdonald bought 70,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was purchased at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the purchase, the insider directly owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Nalls Sherbakoff Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $25,000. Osbon Capital Management LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies during the first quarter worth $25,000. Gould Capital LLC raised its holdings in shares of Uber Technologies by 245.0% during the fourth quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company’s stock worth $28,000 after purchasing an additional 245 shares during the period. Finally, Dunhill Financial LLC acquired a new stake in shares of Uber Technologies during the second quarter worth $28,000. 80.24% of the stock is currently owned by institutional investors.

About Uber Technologies

Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.

Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.