In yesterday’s Wall Street session, Uber Technologies Inc (NYSE:UBER) shares traded at $62.46, up 1.23% from the previous session.
48 analysts cover Uber Technologies Inc (NYSE:UBER), according to research data. 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 $52.00, we find $63.00. Given the previous closing price of $61.70, this indicates a potential upside of 2.11 percent. UBER stock price is now 26.31% away from the 50-day moving average and 47.86% away from the 200-day moving average. The market capitalization of the company currently stands at $128.53B.
The stock has received a hold rating from 1 analysts and a buy rating from 42. Brokers who have rated the stock have averaged $63.16 as their price target over the next twelve months.
With the price target maintained at $60, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Uber Technologies Inc (NYSE: UBER).
In other news, KHOSROWSHAHI DARA, Chief Executive Officer sold 100,000 shares of the company’s stock on Nov 14. The stock was sold for $5,284,000 at an average price of $52.84. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,016,243 shares in the company, valued at $63.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Hazelbaker Jill sold 18,850 shares of the business’s stock. A total of $999,150 was realized by selling the stock at an average price of $53.01. This leaves the insider owning 109,009 shares of the company worth $6.81 million. Insiders disposed of 1,129,118 shares of company stock worth roughly $70.52 million over the past 1 year. A total of 3.80% of the company’s stock is owned by insiders.
On Monday morning Uber Technologies Inc (NYSE: UBER) stock kicked off with the opening price of $61.53. During the past 12 months, Uber Technologies Inc has had a low of $23.90 and a high of $62.25. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 1.14, and a quick ratio of 1.14. According to the stock market information, the enterprise value for the company is $134.35B, which is based on a 125.83 price-to-earnings ratio, a 5.43 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for UBER is $49.45 and a two-hundred day moving average price translates $42.24 for the stock.
The latest earnings results from Uber Technologies Inc (NYSE: UBER) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at $0.09, missing analysts’ expectations of $0.11 by -0.02. This compares to -$0.61 EPS in the same period last year. The net profit margin was 2.93% and return on equity was 13.50% for UBER. The company reported revenue of $9.29 billion for the quarter, compared to $8.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.37 percent. For the current quarter, analysts expect UBER to generate $9.06B in revenue.
