Uber Technologies (NYSE:UBER) Rating Reiterated by Cantor Fitzgerald

Uber Technologies (NYSE:UBER)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They currently have a $90.00 price target on the ride-sharing company’s stock. Cantor Fitzgerald’s price target points to a potential upside of 21.16% from the company’s previous close.

Several other research analysts also recently commented on UBER. JMP Securities lifted their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Wolfe Research began coverage on Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target on the stock. Wells Fargo & Company reissued an “overweight” rating and set a $97.00 price objective on shares of Uber Technologies in a research note on Friday, September 13th. Piper Sandler lifted their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Finally, Melius assumed coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.81.

Uber Technologies Stock Down 1.2 %

Shares of UBER opened at $74.28 on Monday. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a 50 day simple moving average of $70.41 and a two-hundred day simple moving average of $70.57. The firm has a market cap of $156.06 billion, a P/E ratio of 120.71, a P/E/G ratio of 1.32 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. On average, analysts forecast that Uber Technologies will post 1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several large investors have recently bought and sold shares of UBER. 9258 Wealth Management LLC grew its position in Uber Technologies by 52.6% in the 4th quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock worth $747,000 after purchasing an additional 4,185 shares during the period. Rollins Financial bought a new stake in shares of Uber Technologies in the fourth quarter worth $265,000. Orion Portfolio Solutions LLC increased its position in Uber Technologies by 20.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 21,192 shares of the ride-sharing company’s stock valued at $1,251,000 after acquiring an additional 3,551 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in Uber Technologies in the fourth quarter valued at about $351,000. Finally, Campbell & CO Investment Adviser LLC boosted its position in Uber Technologies by 32.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 21,924 shares of the ride-sharing company’s stock worth $1,350,000 after purchasing an additional 5,322 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

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.