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 analysts have recently commented on UBER shares. Citigroup decreased their target price on Uber Technologies from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, July 14th. Susquehanna lifted their price objective on Uber Technologies from $29.00 to $32.00 in a research report on Wednesday. Susquehanna Bancshares raised their price target on Uber Technologies from $29.00 to $32.00 in a research note on Wednesday. Oppenheimer reduced their price objective on shares of Uber Technologies from $45.00 to $40.00 in a research note on Thursday, May 5th. Finally, Needham & Company LLC increased their target price on shares of Uber Technologies from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $49.63.

Uber Technologies Stock Performance

UBER traded up $0.16 during trading on Friday, reaching $32.01. 39,963,623 shares of the company's stock were exchanged, compared to its average volume of 32,065,808. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $23.34 and a 200 day moving average price of $28.92. Uber Technologies has a fifty-two week low of $19.90 and a fifty-two week high of $48.88.

Uber Technologies (NYSE:UBER - Get Rating) last announced 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). The business had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.37 billion. Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 62.32%. The company's quarterly revenue was up 105.6% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. As a group, equities research analysts predict that Uber Technologies will post -4.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 87,841 shares of the business's stock in a transaction on Thursday, August 4th. The shares were 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 of the company's stock, valued at approximately $4,437,169.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.06% of the company's stock.