Uber Technologies (NYSE:UBER) Given "Buy" Rating at Needham & Company LLC

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "buy" rating reiterated by Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They currently have a $90.00 price target on the ride-sharing company's stock. Needham & Company LLC's price target would indicate a potential upside of 9.57% from the company's previous close.

A number of other analysts have also weighed in on UBER. Evercore ISI lowered their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. DA Davidson decreased their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company lifted their price target on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, April 3rd. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Trading Down 4.3 %

Shares of NYSE UBER opened at $82.14 on Wednesday. The stock has a market capitalization of $171.81 billion, a P/E ratio of 17.96, a PEG ratio of 0.89 and a beta of 1.43. The stock's 50 day moving average price is $74.26 and its two-hundred day moving average price is $71.47. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies has a 52-week low of $54.84 and a 52-week high of $87.55.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. During the same period in the prior year, the company earned ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. On average, analysts anticipate that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 over the last 90 days. Insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies in the first quarter worth $27,000. Kozak & Associates Inc. lifted its position in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 299 shares during the last quarter. Perkins Coie Trust Co grew its stake in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $27,000. 80.24% of the stock is 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.

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