Uber Technologies’ (UBER) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Friday morning,Benzinga reports.

Several other equities analysts also recently commented on the company. Loop Capital boosted their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald boosted their price target on Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Wolfe Research lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Royal Bank of Canada lifted their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.08.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $66.86 on Friday. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00. The firm has a market capitalization of $140.79 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $65.61 and a 200 day moving average of $70.08.

Uber Technologies (NYSE:UBER) last released its 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. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. On average, research analysts anticipate that Uber Technologies will post 1.85 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

A number of hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in Uber Technologies by 24.9% during the fourth quarter. Global Retirement Partners LLC now owns 57,241 shares of the ride-sharing company’s stock valued at $3,453,000 after buying an additional 11,397 shares during the period. DSM Capital Partners LLC grew its position in shares of Uber Technologies by 18.4% during the 4th quarter. DSM Capital Partners LLC now owns 2,537,391 shares of the ride-sharing company’s stock valued at $153,055,000 after acquiring an additional 393,982 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $453,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Uber Technologies in the 4th quarter worth about $114,000. Finally, GAM Holding AG boosted its position in Uber Technologies by 57.0% during the fourth quarter. GAM Holding AG now owns 119,599 shares of the ride-sharing company’s stock worth $7,214,000 after purchasing an additional 43,440 shares in the last quarter. Hedge funds and other 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.