Uber Technologies (NYSE:UBER) had its price objective lowered by Loop Capital from $54.00 to $48.00 in a report published on Thursday morning, The Fly reports.

Several other equities analysts have also commented on UBER. JMP Securities reaffirmed an outperform rating on shares of Uber Technologies in a research report on Tuesday, August 13th. Deutsche Bank assumed coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They issued a buy rating and a $58.00 price objective for the company. Morgan Stanley decreased their price objective on shares of Uber Technologies from $57.00 to $53.00 and set an overweight rating for the company in a research report on Thursday. They noted that the move was a valuation call. Atlantic Securities raised shares of Uber Technologies from a neutral rating to an overweight rating and set a $40.40 price objective for the company in a research report on Friday, May 31st. Finally, Bank of America assumed coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They issued a buy rating and a $53.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Uber Technologies presently has an average rating of Buy and an average target price of $53.50.

Shares of UBER stock traded down $1.02 during mid-day trading on Thursday, hitting $33.05. 5,567,450 shares of the stock traded hands, compared to its average volume of 9,233,832. The stock’s fifty day moving average price is $36.63. Uber Technologies has a 52-week low of $30.67 and a 52-week high of $47.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.57 and a current ratio of 2.57.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.33) by ($1.39). The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.39 billion. The business’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm posted ($2.01) earnings per share. As a group, equities analysts predict that Uber Technologies will post -7.2 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of UBER. Legacy Advisors LLC acquired a new position in Uber Technologies in the 2nd quarter worth approximately $26,000. Avestar Capital LLC acquired a new position in Uber Technologies in the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC acquired a new position in Uber Technologies in the 2nd quarter worth approximately $28,000. Signaturefd LLC acquired a new position in Uber Technologies in the 2nd quarter worth approximately $31,000. Finally, Regal Wealth Group Inc. acquired a new position in Uber Technologies in the 2nd quarter worth approximately $32,000. Institutional investors own 45.32% of the company’s stock.

About Uber Technologies

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

Recommended Story: How to read a candlestick chart

The Fly

Analyst Recommendations for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.