BMO Capital Markets Reiterates "Outperform" Rating for Uber Technologies (NYSE:UBER)

BMO Capital Markets restated their outperform rating on shares of Uber Technologies (NYSE:UBER - Free Report) in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has a $92.00 price objective on the ride-sharing company's stock.

UBER has been the topic of a number of other research reports. TheStreet upgraded Uber Technologies from a c rating to a b- rating in a research report on Wednesday, February 7th. Roth Mkm reissued a buy rating and issued a $89.00 price target (down from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. Bank of America reduced their price objective on Uber Technologies from $91.00 to $87.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Susquehanna boosted their target price on Uber Technologies from $60.00 to $85.00 and gave the company a positive rating in a research note on Thursday, February 8th. Finally, Truist Financial lifted their price target on Uber Technologies from $90.00 to $94.00 and gave the stock a buy rating in a research note on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $83.75.

Uber Technologies Price Performance

Uber Technologies stock traded up $1.30 during midday trading on Wednesday, hitting $66.62. 16,258,047 shares of the company's stock were exchanged, compared to its average volume of 20,540,295. The company has a market cap of $139.20 billion, a P/E ratio of 107.45, a PEG ratio of 1.08 and a beta of 1.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50-day moving average price of $73.47 and a two-hundred day moving average price of $66.68. Uber Technologies has a 52-week low of $37.07 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) earnings per share. On average, equities research analysts forecast that Uber Technologies will post 1.13 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company's stock, valued at $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Several large investors have recently bought and sold shares of the business. OFI Invest Asset Management bought a new stake in shares of Uber Technologies in the third quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Uber Technologies by 2,545.5% during 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 buying an additional 560 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 202 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company's stock worth $30,000 after buying an additional 495 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth $30,000. 80.24% of the stock is currently owned by institutional investors.

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.