Barclays reiterated their buy rating on shares of Uber Technologies (NYSE:UBER) in a report released on Thursday morning, AnalystRatings.com reports. They currently have a $44.00 target price on the ride-sharing company’s stock.
A number of other brokerages have also commented on UBER. Piper Jaffray Companies initiated coverage on shares of Uber Technologies in a report on Tuesday, December 3rd. They set a neutral rating and a $26.00 price objective on the stock. Cowen reaffirmed a buy rating and issued a $60.00 target price on shares of Uber Technologies in a research note on Tuesday, November 26th. Argus raised shares of Uber Technologies from a hold rating to a buy rating and set a $35.00 price target on the stock in a research note on Thursday, November 14th. Guggenheim began coverage on shares of Uber Technologies in a research note on Thursday, October 24th. They set a buy rating and a $40.00 price target on the stock. Finally, Morgan Stanley reissued a buy rating and set a $55.00 price target on shares of Uber Technologies in a research note on Monday, November 18th. Eleven research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $48.33.
Uber Technologies stock traded down $0.60 on Thursday, reaching $36.80. The company’s stock had a trading volume of 21,587,320 shares, compared to its average volume of 26,426,992. The business’s fifty day moving average price is $31.48 and its 200 day moving average price is $33.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.82 and a quick ratio of 2.82. Uber Technologies has a twelve month low of $25.58 and a twelve month high of $47.08.
Uber Technologies (NYSE:UBER) last announced its earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.83) by $0.15. Uber Technologies had a negative return on equity of 209.48% and a negative net margin of 63.57%. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.68 billion. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. Equities research analysts forecast that Uber Technologies will post -6.75 earnings per share for the current fiscal year.
In other news, insider Manik Gupta sold 15,188 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $27.01, for a total transaction of $410,227.88. Also, Director Travis Cordell Kalanick sold 251,713 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $27.15, for a total value of $6,834,007.95. Following the sale, the director now directly owns 75,132,095 shares in the company, valued at approximately $2,039,836,379.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,250,823 shares of company stock worth $1,806,932,775.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC bought a new stake in shares of Uber Technologies during the third quarter worth about $25,000. Nisa Investment Advisors LLC bought a new stake in Uber Technologies during the 3rd quarter worth approximately $30,000. Farmers & Merchants Investments Inc. bought a new stake in Uber Technologies during the 3rd quarter worth approximately $30,000. Evoke Wealth LLC acquired a new position in Uber Technologies in the 3rd quarter valued at approximately $32,000. Finally, Simon Quick Advisors LLC acquired a new position in Uber Technologies in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 45.02% of the company’s stock.
About Uber Technologies
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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