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

Shares of Uber Technologies, Inc. (NYSE:UBER) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-nine ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, thirty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $91.53.

Several equities research analysts have recently weighed in on the stock. KeyCorp decreased their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group increased their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. Royal Bank of Canada raised their target price on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Bank of America boosted their price target on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently modified their holdings of UBER. Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter worth about $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth about $35,000. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Transcendent Capital Group LLC raised its stake in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in Uber Technologies during the fourth quarter valued at approximately $42,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $68.59 on Friday. The firm has a market cap of $144.42 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00. The firm’s fifty day moving average is $65.86 and its 200-day moving average is $70.25. 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 issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. Sell-side analysts predict that Uber Technologies will post 1.86 earnings per share for the current year.

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.