Uber Technologies (NYSE:UBER) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Uber Technologies (NYSE:UBER) in a research report report published on Wednesday, Benzinga reports. Needham & Company LLC currently has a $90.00 price target on the ride-sharing company’s stock.

Other research analysts have also issued research reports about the stock. Oppenheimer reissued an outperform rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Monday, April 29th. KeyCorp raised their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Tigress Financial raised their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the company a buy rating in a research note on Friday, April 19th. Bank of America raised their price objective on shares of Uber Technologies from $68.00 to $73.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Finally, Mizuho lifted their price target on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies has an average rating of Moderate Buy and an average target price of $83.61.

Uber Technologies Trading Up 2.5 %

UBER stock traded up $1.65 during mid-day trading on Wednesday, hitting $68.05. 7,996,359 shares of the company were exchanged, compared to its average volume of 20,395,637. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $141.64 billion, a P/E ratio of 77.21, a PEG ratio of 1.09 and a beta of 1.39. The business has a fifty day simple moving average of $74.80 and a 200-day simple moving average of $65.83. Uber Technologies has a 12-month low of $37.07 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. On average, equities research analysts predict that Uber Technologies will post 1.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction on 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 directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its position in Uber Technologies by 70.3% during the 3rd quarter. New York State Teachers Retirement System now owns 40,163 shares of the ride-sharing company’s stock worth $1,847,000 after acquiring an additional 16,576 shares during the period. Advisor Partners II LLC raised its stake in shares of Uber Technologies by 36.9% during the third quarter. Advisor Partners II LLC now owns 34,360 shares of the ride-sharing company’s stock valued at $1,580,000 after purchasing an additional 9,258 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Uber Technologies by 19.5% during the third quarter. Park Avenue Securities LLC now owns 83,078 shares of the ride-sharing company’s stock valued at $3,821,000 after purchasing an additional 13,556 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of Uber Technologies by 21.2% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 4,095 shares of the ride-sharing company’s stock valued at $188,000 after purchasing an additional 717 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Uber Technologies by 3.1% during the third quarter. Whittier Trust Co. now owns 16,102 shares of the ride-sharing company’s stock valued at $741,000 after purchasing an additional 484 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

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.