Uber Technologies, Inc. (NYSE:UBER) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Uber Technologies has received a consensus rating of "Moderate Buy" from 40 brokerages, with 29 analysts assigning a buy rating and a 12-month price target of approximately $102.82.
• Following a recent quarterly earnings report, Uber surpassed analysts' expectations by posting $0.63 earnings per share and achieving $12.65 billion in revenue, reflecting an 18.2% year-over-year increase.
• Insider trading activity includes CFO Prashanth Mahendra-Rajah selling 2,750 shares at an average price of $95.00, reducing his ownership by 11.12% to 21,975 shares.

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) have earned a consensus rating of "Moderate Buy" from the forty brokerages that are currently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $102.8235.

UBER has been the topic of a number of recent research reports. Raymond James Financial boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Susquehanna boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. Royal Bank Of Canada boosted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

Large investors have recently made changes to their positions in the company. Kilter Group LLC purchased a new position in Uber Technologies in the second quarter valued at approximately $26,000. Transce3nd LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the first quarter worth approximately $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

UBER opened at $90.97 on Thursday. The firm has a market capitalization of $189.71 billion, a PE ratio of 15.50, a PEG ratio of 1.05 and a beta of 1.43. Uber Technologies has a twelve month low of $59.33 and a twelve month high of $97.71. The firm's 50-day moving average price is $89.92 and its 200 day moving average price is $81.54. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. As a group, sell-side analysts expect that Uber Technologies will post 2.54 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.