Uber Technologies Inc. (NYSE:UBER) shares traded -3.75% lower at $42.58 on Wall Street last session.
As we calculate the median target price by taking the range between a high of $75.00 and a low of $32.50, we find $50.00. Given the previous closing price of $44.24, this indicates a potential upside of 13.02 percent. UBER stock price is now 11.74% away from the 50-day moving average and 33.97% away from the 200-day moving average. The market capitalization of the company currently stands at $85.87B.
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Brokers who have rated the stock have averaged $51.23 as their price target over the next twelve months.
With the price target enhanced from $42 to $51, Daiwa Securities Downgraded its rating from Buy to Outperform for Uber Technologies Inc. (NYSE: UBER).
In other news, KHOSROWSHAHI DARA, Chief Executive Officer sold 69,975 shares of the company’s stock on Jun 28. The stock was sold for $3,148,882 at an average price of $45.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,416,243 shares in the company, valued at $60.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 26, Chief Executive Officer KHOSROWSHAHI DARA sold 30,025 shares of the business’s stock. A total of $1,351,131 was realized by selling the stock at an average price of $45.00. This leaves the insider owning 1,485,167 shares of the company worth $63.24 million. Insiders disposed of 683,850 shares of company stock worth roughly $29.12 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UBER stock. A new stake in Uber Technologies Inc. shares was purchased by WINSLOW CAPITAL MANAGEMENT, LLC during the first quarter worth $416,984,000. EMPOWER ADVISORY GROUP, LLC invested $104,214,000 in shares of UBER during the first quarter. In the first quarter, SENATOR INVESTMENT GROUP LP acquired a new stake in Uber Technologies Inc. valued at approximately $74,515,000. ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in UBER for approximately $53,578,000. SOUTHPOINT CAPITAL ADVISORS LP purchased a new stake in UBER valued at around $51,096,000 in the second quarter. In total, there are 1,492 active investors with 73.90% ownership of the company’s stock.
Uber Technologies Inc. (NYSE: UBER) opened at $44.09 on Thursday. During the past 12 months, Uber Technologies Inc. has had a low of $19.90 and a high of $45.24. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for UBER is $38.10 and a two-hundred day moving average price translates $31.78 for the stock.
The latest earnings results from Uber Technologies Inc. (NYSE: UBER) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at -$0.08, beating analysts’ expectations of -$0.09 by 0.01. This compares to -$3.02 EPS in the same period last year. The net profit margin was -10.00% and return on equity was -48.60% for UBER. The company reported revenue of $8.82 billion for the quarter, compared to $6.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.73 percent. For the current quarter, analysts expect UBER to generate $9.34B in revenue.
Uber Technologies Inc.(UBER) 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. The Delivery segment allows to search for and discover restaurants to grocery, alcohol, convenience, and other retails; order a meal or other items; and Uber direct, a white-label Delivery-as-a-Service for retailers and restaurants, as well as advertising. The Freight segment manages transportation and logistics network, which connects shippers and carriers in digital marketplace including carriers upfronts, pricing, and shipment booking; and provides on-demand platform to automate logistics end-to-end transactions for small-and medium-sized business to global enterprises. Uber Technologies, Inc. was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. The company was founded in 2009 and is headquartered in San Francisco, California.
