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.

Uber Technologies Trading Up 0.0 %

Shares of UBER traded up $0.01 during midday trading on Monday, hitting $32.02. 692,291 shares of the company traded hands, compared to its average volume of 33,731,613. Uber Technologies has a one year low of $19.90 and a one year high of $48.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average of $23.34 and a 200-day moving average of $28.85.

Uber Technologies (NYSE:UBER - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The ride-sharing company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 62.32%. The firm had revenue of $8.08 billion for the quarter, compared to analysts' expectations of $7.37 billion. During the same period in the prior year, the firm posted $0.58 EPS. Uber Technologies's revenue was up 105.6% on a year-over-year basis. As a group, research analysts anticipate that Uber Technologies will post -4.48 EPS for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of several analyst reports. Wedbush reiterated an "outperform" rating and issued a $38.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 29th. Needham & Company LLC lifted their price target on Uber Technologies from $50.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, August 3rd. Wells Fargo & Company cut their price objective on Uber Technologies from $68.00 to $55.00 in a research report on Thursday, May 5th. MKM Partners decreased their target price on Uber Technologies from $41.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. lowered their target price on Uber Technologies from $60.00 to $48.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 29th. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.63.

Insider Activity

In related news, insider Tony West sold 87,841 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $31.26, for a total value of $2,745,909.66. Following the sale, the insider now owns 141,944 shares in the company, valued at $4,437,169.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.92% of the company's stock.