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 Upgrades and Downgrades

UBER has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Uber Technologies from $68.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, August 3rd. Jefferies Financial Group lowered their price target on shares of Uber Technologies from $65.00 to $50.00 in a research report on Tuesday, May 31st. UBS Group decreased their target price on shares of Uber Technologies from $50.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, August 3rd. The Goldman Sachs Group decreased their target price on shares of Uber Technologies from $55.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, June 9th. Finally, Oppenheimer decreased their target price on shares of Uber Technologies from $45.00 to $40.00 in a report on Thursday, May 5th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $49.75.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.23 during trading on Friday, reaching $32.47. 21,950,694 shares of the company traded hands, compared to its average volume of 34,330,336. The firm has a 50 day simple moving average of $24.17 and a 200-day simple moving average of $28.82. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.00 and a current ratio of 0.98. Uber Technologies has a 52-week low of $19.90 and a 52-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 analysts' consensus estimates of ($0.25) by ($1.08). The company had revenue of $8.08 billion for 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 period in the previous year, the business earned $0.58 EPS. On average, 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 shares were sold at an average price of $31.26, for a total value of $2,745,909.66. Following the transaction, 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 accessible through this link. 4.06% of the stock is currently owned by insiders.