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.

Analyst Ratings Changes

A number of research analysts recently weighed in on UBER shares. Barclays raised their target price on shares of Uber Technologies from $53.00 to $54.00 and gave the company an "overweight" rating in a report on Wednesday, August 3rd. Cowen boosted their target price on Uber Technologies to $76.00 in a research report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Uber Technologies from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, August 1st. Raymond James upgraded Uber Technologies from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Wednesday, August 3rd. Finally, Wolfe Research reduced their target price on Uber Technologies from $30.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, June 24th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $49.75.

Uber Technologies Trading Down 5.1 %

NYSE:UBER opened at $30.72 on Thursday. Uber Technologies has a 52-week low of $19.90 and a 52-week high of $48.88. The firm has a 50-day moving average price of $24.57 and a 200 day moving average price of $28.77. The stock has a market capitalization of $60.82 billion, a P/E ratio of -5.90 and a beta of 1.35. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.26.

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

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 87,841 shares of Uber Technologies 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 of the company's stock, valued at $4,437,169.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.92% of the stock is currently owned by corporate insiders.