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.

Analysts Set New Price Targets

A number of research analysts recently commented on UBER shares. Susquehanna raised their price target on Uber Technologies from $29.00 to $32.00 in a research report on Wednesday, August 3rd. Stifel Nicolaus cut their price objective on Uber Technologies from $48.00 to $40.00 in a research note on Wednesday, May 4th. The Goldman Sachs Group dropped their price target on Uber Technologies from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, June 9th. Raymond James upgraded Uber Technologies from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Wednesday, August 3rd. Finally, Barclays upped their price objective on Uber Technologies from $53.00 to $54.00 and gave the company an "overweight" rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $49.75.

Uber Technologies Price Performance

UBER opened at $31.06 on Wednesday. The stock's 50 day simple moving average is $23.66 and its 200 day simple moving average is $28.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 1.00. Uber Technologies has a 1 year low of $19.90 and a 1 year high of $48.88. The firm has a market cap of $60.99 billion, a price-to-earnings ratio of -5.96 and a beta of 1.35.

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 (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative return on equity of 62.32% and a negative net margin of 39.39%. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.37 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. Uber Technologies's revenue was up 105.6% compared to the same quarter last year. As a group, analysts predict that Uber Technologies will post -4.48 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Tony West sold 87,841 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 141,944 shares in the company, valued at approximately $4,437,169.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.92% of the stock is owned by corporate insiders.