FY2024 EPS Estimate for Uber Technologies Lowered by Analyst

Uber Technologies, Inc. (NYSE:UBER - Free Report) - Investment analysts at Cantor Fitzgerald cut their FY2024 EPS estimates for shares of Uber Technologies in a report issued on Tuesday, January 28th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the ride-sharing company will post earnings of $1.87 per share for the year, down from their previous estimate of $1.88. Cantor Fitzgerald has a "Overweight" rating and a $80.00 price target on the stock. The consensus estimate for Uber Technologies' current full-year earnings is $1.85 per share. Cantor Fitzgerald also issued estimates for Uber Technologies' FY2025 earnings at $2.32 EPS.

Several other analysts also recently commented on UBER. Daiwa America downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. BMO Capital Markets restated an "outperform" rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Tigress Financial increased their target price on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Piper Sandler reduced their price target on Uber Technologies from $98.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $91.08.

Uber Technologies Stock Performance

NYSE UBER traded up $0.27 during trading on Wednesday, reaching $66.86. 19,772,917 shares of the company's stock were exchanged, compared to its average volume of 22,567,078. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business has a 50 day moving average price of $65.61 and a 200-day moving average price of $70.08. The stock has a market capitalization of $140.79 billion, a P/E ratio of 33.26, a PEG ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 EPS. Uber Technologies's quarterly revenue was up 20.4% compared to the same quarter last year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the insider now owns 107,289 shares of the company's stock, valued at $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 available at the SEC website. 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 bought and sold shares of the stock. Avion Wealth grew its position in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth about $35,000. Finally, Financial Management Professionals Inc. raised its holdings in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after acquiring an additional 252 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

About Uber Technologies

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.