Uber Technologies - UBER Stock Forecast, Price & News

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services. The company operates through three segments: Mobility, Delivery, and Freight. The Mobility segment provides products that connect consumers with mobility drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also offers financial partnerships, transit, and vehicle solutions offerings. The Delivery segment allows consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered; and offers grocery, alcohol, and convenience store delivery, as well as select other goods. The Freight segment connects carriers with shippers on the company's platform and enable carriers upfront, transparent pricing, and the ability to book a shipment, as well as transportation management and other logistics services offerings. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UBER shares. Mizuho reduced their price target on Uber Technologies from $58.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, August 3rd. Wells Fargo & Company reduced their target price on Uber Technologies from $68.00 to $55.00 in a research report on Thursday, May 5th. MKM Partners reduced their target price on Uber Technologies from $41.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, July 27th. Morgan Stanley upped their target price on Uber Technologies from $68.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, August 3rd. Finally, Stifel Nicolaus reduced their target price on Uber Technologies from $48.00 to $40.00 in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $49.75.

Uber Technologies Stock Performance

NYSE:UBER opened at $32.49 on Tuesday. Uber Technologies has a one year low of $19.90 and a one year high of $48.88. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average price of $24.33 and a 200 day moving average price of $28.73.

Uber Technologies (NYSE:UBER - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.08). The business had revenue of $8.08 billion during the quarter, compared to analysts' expectations of $7.37 billion. Uber Technologies had a negative return on equity of 69.83% and a negative net margin of 39.39%. The company's revenue was up 105.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. On average, analysts forecast that Uber Technologies will post -4.48 EPS for the current year.

Insider Buying and Selling

In other news, insider Tony West sold 87,841 shares of the firm's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $31.26, for a total transaction of $2,745,909.66. Following the completion of the transaction, the insider now directly owns 141,944 shares in the company, valued at $4,437,169.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.92% of the stock is currently owned by company insiders.