Uber Technologies, Inc. (NYSE:UBER) Receives $78.94 Average Price Target from Analysts

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirty-one analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $78.94.

A number of brokerages have recently commented on UBER. Moffett Nathanson restated a "buy" rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Thursday, April 11th. Gordon Haskett lowered shares of Uber Technologies from a "buy" rating to a "hold" rating and set a $66.00 target price for the company. in a report on Wednesday, January 24th. Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, March 27th. Argus lifted their price objective on shares of Uber Technologies from $69.00 to $95.00 and gave the company a "buy" rating in a report on Monday, March 4th. Finally, Wells Fargo & Company increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th.

Uber Technologies Stock Performance

Shares of UBER stock traded down $0.27 during trading hours on Friday, hitting $69.04. The company's stock had a trading volume of 16,180,562 shares, compared to its average volume of 19,708,822. The stock has a market cap of $143.70 billion, a PE ratio of 80.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. Uber Technologies has a 12-month low of $29.22 and a 12-month high of $82.14. The company has a 50 day moving average of $76.30 and a 200 day moving average of $64.35. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm's quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, sell-side analysts forecast that Uber Technologies will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the firm's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares of the company's stock, valued at $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of the company's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 20,000 shares of the business's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

A number of large investors have recently made changes to their positions in the stock. OFI Invest Asset Management acquired a new stake in shares of Uber Technologies during the 3rd quarter worth $26,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 560 shares during the period. Financial Management Professionals Inc. raised its stake in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 202 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 495 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 80.24% of the company's stock.

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.