Uber Technologies (NYSE:UBER) Receives “Overweight” Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $87.00 price objective on the ride-sharing company’s stock, up from their prior price objective of $80.00.

A number of other research analysts have also recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Truist Financial dropped their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. DA Davidson reduced their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. KeyCorp decreased their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report 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 report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.91.

Uber Technologies Stock Up 2.5 %

Shares of NYSE:UBER opened at $81.44 on Tuesday. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market cap of $171.49 billion, a P/E ratio of 17.86, a P/E/G ratio of 0.81 and a beta of 1.39. The firm has a fifty day moving average price of $66.54 and a 200 day moving average price of $70.81.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Sell-side analysts predict that Uber Technologies will post 2.4 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

A number of large investors have recently made changes to their positions in UBER. Avion Wealth raised its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC bought a new position in Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in shares of Uber Technologies during the fourth quarter worth $28,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 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.