Cantor Fitzgerald Issues Positive Forecast for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER - Get Free Report) had its price objective raised by stock analysts at Cantor Fitzgerald from $96.00 to $106.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the ride-sharing company's stock. Cantor Fitzgerald's price objective indicates a potential upside of 16.64% from the stock's current price.

A number of other research firms have also commented on UBER. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and raised their price target for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Bank of America increased their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wells Fargo & Company raised their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 price target on shares of Uber Technologies in a report on Monday, May 5th. Finally, Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. Eleven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.18.

Uber Technologies Trading Down 0.8%

NYSE:UBER traded down $0.77 during trading hours on Wednesday, hitting $90.88. The stock had a trading volume of 17,354,574 shares, compared to its average volume of 20,974,709. Uber Technologies has a one year low of $54.84 and a one year high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $190.05 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.08 and a beta of 1.38. The business's 50 day moving average is $84.12 and its 200-day moving average is $74.72.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) EPS. Sell-side analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Transce3nd LLC bought a new position in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. grew its holdings in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies during the 1st quarter worth $27,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the first quarter worth $27,000. 80.24% of the stock is owned by institutional investors.

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.