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 Stock Performance

Shares of NYSE:UBER traded down $0.37 during midday trading on Monday, hitting $32.10. The stock had a trading volume of 323,496 shares, compared to its average volume of 33,718,398. The stock has a 50 day simple moving average of $24.17 and a 200-day simple moving average of $28.75. Uber Technologies has a 1 year low of $19.90 and a 1 year high of $48.88. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 0.98.

Uber Technologies (NYSE:UBER - Get Rating) last released its earnings results 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 firm had revenue of $8.08 billion during the quarter, compared to analysts' expectations of $7.37 billion. Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 69.83%. The business's revenue was up 105.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 EPS. On average, equities research analysts predict that Uber Technologies will post -4.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent research reports. MKM Partners reduced their price target 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. The Goldman Sachs Group reduced their target price on Uber Technologies from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, June 9th. Susquehanna Bancshares upped their target price on Uber Technologies from $29.00 to $32.00 in a research report on Wednesday, August 3rd. Barclays upped their target price on Uber Technologies from $53.00 to $54.00 and gave the company an "overweight" rating in a research report on Wednesday, August 3rd. Finally, Cowen reduced their target price on Uber Technologies from $80.00 to $72.00 in a research report on Thursday, May 5th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $49.75.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 87,841 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 141,944 shares of the company's stock, valued at $4,437,169.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.92% of the company's stock.