Uber Technologies’ stock has recently been given an “outperform” rating by Royal Bank of Canada, with a $46.00 price target. The company has also been rated as a “buy” by UBS Group, with a target price increase from $38.00 to $48.00. Wedbush and Moffett Nathanson have both rated the stock as “outperform”, with Wolfe Research rating the stock as “outperform” and issuing a $45.00 target price. Wells Fargo & Company also increased their target price from $46.00 to $53.00 and gave the company an “overweight” rating.
Insider trading reports show that an insider named Tony West has recently sold 4,167 shares of Uber Technologies stock. Institutional investors have also modified their holdings of the Uber Technologies stock. Hedge funds and other institutional investors own 71.83% of the company’s stock.
Finally, Uber Technologies is a technology platform that provides ride services, delivery services for meal preparation, grocery, and other items. The company engages in the development and operation of technology applications and network to power movement from one point to another.
Uber Technologies’ stock has recently received a reaffirmed “outperform” rating by Royal Bank of Canada, with a $46.00 price target. The ride-sharing company has also been rated as a “buy” by UBS Group, with a target price increase from $38.00 to $48.00. Wedbush has reissued an “outperform” rating and issued a $38.00 price objective, while Wells Fargo & Company upped their target price from $46.00 to $53.00 and gave the company an “overweight” rating. Moffett Nathanson and Wolfe Research have also rated the stock as “outperform,” with a $47.00 and $45.00 target price, respectively.
According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $47.19. The stock opened at $30.87 on Tuesday and has a 12-month low of $19.90 and a 12-month high of $37.58. The company has a current ratio of 1.04, a quick ratio of 1.04, and a debt-to-equity ratio of 1.15. The firm has a market cap of $62.05 billion, a PE ratio of -6.58, and a beta of 1.22. Its 50-day simple moving average is $32.70, and its two-hundred-day simple moving average is $29.49.
In its last quarterly earnings report, Uber Technologies reported $0.29 EPS for the quarter, surpassing the consensus estimate of ($0.21) by $0.50. The company had a negative return on equity of 114.18% and a negative net margin of 28.68%. Its quarterly revenue was $8.61 billion, up 49.0% compared to the same quarter last year. Analysts predict that Uber Technologies will post -0.26 earnings per share for the current year.
It is worth noting that there have been no recent insider buying or selling activities for the company.
According to recent reports, an insider named Tony West has sold 4,167 shares of Uber Technologies stock at an average price of $32.54, amounting to a total value of $135,594.18. After the transaction, the insider currently holds 166,973 shares in the company, valued at $5,433,301.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission. As of now, 3.92% of the stock is owned by insiders.
Additionally, institutional investors have modified their holdings of the Uber Technologies stock. Sonnipe Ltd bought a new stake in the company during the 4th quarter, while Sandy Spring Bank raised its position by 36.4% during the same period. Center for Financial Planning Inc. increased its position in the company by 13,000.0% in the 3rd quarter, while Motco purchased a new stake in Uber Technologies during the same period. Lastly, TCI Wealth Advisors Inc. raised its position by 114.0% during the 4th quarter. Together, hedge funds and other institutional investors own 71.83% of the company’s stock.
Uber Technologies, Inc. is a technology platform that provides ride services, delivery services for meal preparation, grocery, and other items. The company engages in the development and operation of technology applications and network to power movement from one point to another.
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