Uber Technologies (NYSE:UBER) Given “Market Outperform” Rating at JMP Securities

Uber Technologies (NYSE:UBER)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a note issued to investors on Thursday, Benzinga reports. They presently have a $85.00 price objective on the ride-sharing company’s stock. JMP Securities’ price target would suggest a potential upside of 9.86% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Gordon Haskett lowered Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research report on Wednesday, January 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research report on Thursday, February 15th. Oppenheimer upped their price target on shares of Uber Technologies from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Tigress Financial upped their price target on shares of Uber Technologies from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, Citigroup upped their price target on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.41.

Uber Technologies Trading Down 0.9 %

Uber Technologies stock traded down $0.74 during mid-day trading on Thursday, reaching $77.37. 3,243,966 shares of the company traded hands, compared to its average volume of 20,121,666. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s 50 day moving average price is $74.26 and its 200 day moving average price is $60.24. The firm has a market capitalization of $160.66 billion, a price-to-earnings ratio of 89.99, a P/E/G ratio of 1.26 and a beta of 1.37. Uber Technologies has a 52-week low of $29.22 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. On average, analysts anticipate that Uber Technologies will post 1.19 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. O Dell Group LLC acquired a new stake in Uber Technologies during the fourth quarter worth about $25,000. CVA Family Office LLC acquired a new stake in Uber Technologies during the fourth quarter worth about $30,000. Highlander Capital Management LLC grew its position in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares in the last quarter. Bfsg LLC acquired a new stake in Uber Technologies during the fourth quarter worth about $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.