Uber Technologies (NYSE:UBER) Earns "Buy" Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Uber Technologies (NYSE:UBER - Free Report) in a research note issued to investors on Friday morning, Benzinga reports. Roth Mkm currently has a $89.00 price target on the ride-sharing company's stock, down from their prior price target of $91.00.

Other equities analysts have also issued research reports about the stock. JMP Securities reissued a market outperform rating and issued a $85.00 price target on shares of Uber Technologies in a report on Thursday, March 28th. KeyCorp boosted their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the company an overweight rating in a report on Thursday, February 15th. Bank of America decreased their price target on shares of Uber Technologies from $91.00 to $87.00 and set a buy rating for the company in a report on Thursday. Oppenheimer reissued an outperform rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, April 29th. Finally, Mizuho upped their target price on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $83.75.

Uber Technologies Trading Down 1.4 %

Uber Technologies stock traded down $0.96 during mid-day trading on Friday, hitting $66.97. The stock had a trading volume of 18,915,052 shares, compared to its average volume of 18,645,498. The stock has a market capitalization of $139.39 billion, a PE ratio of 77.87, a P/E/G ratio of 1.13 and a beta of 1.39. Uber Technologies has a 12 month low of $37.07 and a 12 month high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $74.29 and a two-hundred day simple moving average of $66.01.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Uber Technologies will post 1.23 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares of the company's stock, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares of the company's stock, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. OFI Invest Asset Management acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE lifted its stake 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 valued at $27,000 after purchasing an additional 560 shares during the last quarter. 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 acquiring an additional 202 shares during the last quarter. JFS Wealth Advisors LLC raised its stake 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 valued at $30,000 after acquiring an additional 495 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Uber Technologies during 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.