Uber Technologies (NYSE:UBER) Issues Earnings Results

Uber Technologies (NYSE:UBER) issued its quarterly earnings data on Tuesday. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16, Briefing.com reports. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the company posted $0.18 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis.

Uber Technologies Price Performance

Uber Technologies stock traded up $0.70 during midday trading on Wednesday, reaching $65.57. 31,477,567 shares of the stock were exchanged, compared to its average volume of 19,303,330. Uber Technologies has a 52 week low of $40.09 and a 52 week high of $82.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $137.01 billion, a PE ratio of 105.76, a PEG ratio of 1.32 and a beta of 1.36. The company’s fifty day moving average is $68.28 and its 200-day moving average is $70.98.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock valued at $78,213,297 in the last three months. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UBER shares. UBS Group decreased their price target on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Bank of America lowered their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday. TD Cowen upped their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Wedbush reissued an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.47.

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.