Uber Technologies, Inc. (NYSE:UBER – Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $67.19 and last traded at $68.1390, with a volume of 2264682 shares changing hands. The stock had previously closed at $68.61.
Key Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Negative Sentiment: Investors are concerned that self-driving competitors could eventually erode Uber’s core ride-hailing market, especially as Waymo expands and tests new revenue models. Ca$htag$: UBER First in Rideshare, GOOGL Gains Speed with Waymo
- Negative Sentiment: Uber is also facing skepticism over a possible Delivery Hero acquisition bid, with investors worried the deal could add integration risk and require asset divestitures to clear regulators. Uber (UBER) Plots Delivery Hero Acquisition With Strategic Asset Divestitures
- Neutral Sentiment: Analysts remain somewhat constructive on earnings, with Erste Group raising FY2026 EPS estimates to $3.35 from $3.34, which is slightly above the broader consensus of $2.95. Uber Technologies news
- Neutral Sentiment: Uber continues to defend its platform by suing New York City over a new driver-deactivation law, arguing the rule could hurt rider safety and weaken its control over marketplace operations. Uber Lawsuit Over New York Driver Rules Puts Safety Policy In Focus
- Positive Sentiment: Longer term, Uber still has support from bullish analysts and investor interest in its platform, including its expanding role in mobility and autonomy, which could help offset current concerns. Waymo vs. Uber: Who Will Control the Future of Autonomous Ride-Hailing?
Analysts Set New Price Targets
UBER has been the topic of several recent research reports. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 11th. Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a research report on Tuesday, May 26th. HSBC lowered shares of Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Citizens Jmp restated a “market outperform” rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. Finally, Wolfe Research set a $100.00 target price on shares of Uber Technologies in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.97.
Uber Technologies Price Performance
The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $139.79 billion, a P/E ratio of 17.13, a PEG ratio of 5.91 and a beta of 1.12. The business’s 50-day simple moving average is $73.41 and its 200 day simple moving average is $77.16.
Uber Technologies (NYSE:UBER – Get Free Report) last issued its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.
Insider Activity
In other news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the transaction, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.81% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies in the third quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $25,000. Osbon Capital Management LLC bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $25,000. Imprint Wealth LLC bought a new position in shares of Uber Technologies in the third quarter worth approximately $32,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $27,000. Institutional investors own 80.24% of the company’s stock.
Uber Technologies Company Profile
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.
Featured Stories
- Five stocks we like better than Uber Technologies
- MarketBeat Week in Review – 06/08 – 06/12
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
