Uber Technologies, Inc. (NYSE:UBER) – Analysts at KeyCorp issued their Q1 2022 earnings per share estimates for Uber Technologies in a research report issued on Monday, April 5th. KeyCorp analyst E. Yruma expects that the ride-sharing company will post earnings of ($0.15) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $63.00 target price on the stock. KeyCorp also issued estimates for Uber Technologies’ Q2 2022 earnings at ($0.14) EPS, Q3 2022 earnings at ($0.07) EPS and Q4 2022 earnings at $0.03 EPS.
Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 10th. The ride-sharing company reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.01). The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.56 billion. Uber Technologies had a negative net margin of 53.12% and a negative return on equity of 43.27%. The company’s revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.64) EPS.
UBER has been the subject of several other research reports. Wells Fargo & Company boosted their price objective on Uber Technologies from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, January 28th. Needham & Company LLC boosted their price objective on Uber Technologies from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 11th. Canaccord Genuity boosted their price objective on Uber Technologies from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 11th. Susquehanna boosted their price objective on Uber Technologies from $45.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 11th. Finally, Truist upped their price target on Uber Technologies from $60.00 to $66.00 in a report on Thursday, February 11th. Four investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Uber Technologies presently has a consensus rating of “Buy” and an average target price of $63.38.
NYSE UBER opened at $56.89 on Wednesday. The company has a market cap of $105.87 billion, a price-to-earnings ratio of -14.29 and a beta of 1.60. Uber Technologies has a 52 week low of $25.79 and a 52 week high of $64.05. The business has a 50 day moving average price of $56.15 and a 200-day moving average price of $49.68. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.69.
In other news, insider Tony West sold 6,500 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $57.31, for a total transaction of $372,515.00. Following the transaction, the insider now owns 189,108 shares of the company’s stock, valued at approximately $10,837,779.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 100,000 shares of the stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $53.52, for a total value of $5,352,000.00. Following the sale, the chief executive officer now directly owns 1,044,627 shares in the company, valued at approximately $55,908,437.04. The disclosure for this sale can be found here. Insiders have sold a total of 367,256 shares of company stock worth $20,131,966 in the last ninety days. Insiders own 8.66% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. AXA S.A. purchased a new stake in Uber Technologies during the 3rd quarter worth about $25,000. Regent Peak Wealth Advisors LLC purchased a new stake in Uber Technologies during the 4th quarter worth about $25,000. DB Wealth Management Group LLC purchased a new stake in Uber Technologies during the 4th quarter worth about $26,000. Parkside Financial Bank & Trust lifted its holdings in Uber Technologies by 245.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 553 shares of the ride-sharing company’s stock worth $28,000 after purchasing an additional 393 shares in the last quarter. Finally, Concord Wealth Partners purchased a new stake in Uber Technologies during the 4th quarter worth about $32,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Company Profile
Uber Technologies, Inc develops and operates proprietary technology applications primarily 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, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.
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