In yesterday’s Wall Street session, Uber Technologies Inc (NYSE:UBER) shares traded at $43.04, up 0.19% from the previous session.
As of this writing, 47 analysts cover Uber Technologies Inc (NYSE:UBER). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $45.00, we find $58.00. Given the previous closing price of $42.96, this indicates a potential upside of 35.01 percent. UBER stock price is now -5.30% away from the 50-day moving average and 10.79% away from the 200-day moving average. The market capitalization of the company currently stands at $87.95B.
There are 3 analysts who have given it a hold rating, whereas 39 have given it a buy rating. Brokers who have rated the stock have averaged $58.51 as their price target over the next twelve months.
With the price target enhanced from $55 to $60, BTIG Research maintained Buy rating for Uber Technologies Inc (NYSE: UBER).
In other news, Chai Nelson, Chief Financial Officer sold 100,000 shares of the company’s stock on Aug 21. The stock was sold for $4,504,770 at an average price of $45.05. Upon completion of the transaction, the Chief Financial Officer now directly owns 291,807 shares in the company, valued at $12.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18, Chief Executive Officer KHOSROWSHAHI DARA sold 100,000 shares of the business’s stock. A total of $4,750,630 was realized by selling the stock at an average price of $47.51. This leaves the insider owning 1,316,243 shares of the company worth $56.65 million. Insiders disposed of 880,314 shares of company stock worth roughly $37.89 million over the past 1 year. A total of 4.44% 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 HOLOCENE ADVISORS, LP during the first quarter worth $132,422,000. THIRD POINT LLC invested $119,436,000 in shares of UBER during the first quarter. In the first quarter, TWO SIGMA ADVISERS, LP acquired a new stake in Uber Technologies Inc valued at approximately $108,930,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in UBER for approximately $82,719,000. WESTFIELD CAPITAL MANAGEMENT CO LP purchased a new stake in UBER valued at around $68,303,000 in the second quarter. In total, there are 1,602 active investors with 72.43% ownership of the company’s stock.
Monday morning saw Uber Technologies Inc (NYSE: UBER) opened at $42.53. During the past 12 months, Uber Technologies Inc has had a low of $23.90 and a high of $49.49. As of last week, the company has a debt-to-equity ratio of 1.29, a current ratio of 1.23, and a quick ratio of 1.23. The fifty day moving average price for UBER is $45.45 and a two-hundred day moving average price translates $38.85 for the stock.
The latest earnings results from Uber Technologies Inc (NYSE: UBER) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.18, beating analysts’ expectations of -$0.01 by 0.19. This compares to -$1.33 EPS in the same period last year. The net profit margin was -1.07% and return on equity was -4.88% for UBER. The company reported revenue of $9.23 billion for the quarter, compared to $8.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.33 percent. For the current quarter, analysts expect UBER to generate $8.99B 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.
