Uber Technologies (NYSE:UBER) Price Target Raised to $96.00

Uber Technologies (NYSE:UBER) had its price target boosted by Tigress Financial from $72.00 to $96.00 in a research report released on Friday, Benzinga reports. Tigress Financial currently has a buy rating on the ride-sharing company’s stock.

UBER has been the subject of several other research reports. Moffett Nathanson reissued a buy rating and set a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Gordon Haskett lowered Uber Technologies from a buy rating to a hold rating and set a $66.00 price objective for the company. in a report on Wednesday, January 24th. Bank of America boosted their price objective on Uber Technologies from $68.00 to $73.00 and gave the stock a buy rating in a report on Tuesday, January 30th. Truist Financial boosted their price objective on Uber Technologies from $90.00 to $94.00 and gave the stock a buy rating in a report on Wednesday, March 27th. Finally, Citigroup boosted their price objective on Uber Technologies from $83.00 to $91.00 and gave the stock a buy rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has an average rating of Moderate Buy and a consensus target price of $78.94.

Uber Technologies Stock Performance

Uber Technologies stock opened at $69.00 on Friday. The firm’s 50 day simple moving average is $76.89 and its 200 day simple moving average is $63.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $143.62 billion, a PE ratio of 80.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. Uber Technologies has a 1-year low of $29.22 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, analysts expect that Uber Technologies will post 1.22 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

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

Institutional Investors Weigh In On Uber Technologies

Institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. grew its holdings in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. CVA Family Office LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $30,000. Highlander Capital Management LLC lifted 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 valued at $31,000 after purchasing an additional 250 shares during the period. Bfsg LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its position 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 valued at $32,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

About Uber Technologies

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.