Uber Technologies (NYSE:UBER) Announces Quarterly Earnings Results

Uber Technologies (NYSE:UBER) announced its quarterly earnings results on Wednesday. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53), Briefing.com reports. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period last year, the firm earned ($0.08) EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year.

Uber Technologies Trading Up 2.4 %

Shares of Uber Technologies stock traded up $1.61 on Thursday, hitting $68.01. The stock had a trading volume of 16,702,663 shares, compared to its average volume of 20,499,078. The stock has a 50 day moving average of $74.80 and a 200 day moving average of $65.83. Uber Technologies has a twelve month low of $37.07 and a twelve month high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $141.56 billion, a P/E ratio of 79.24, a PEG ratio of 1.09 and a beta of 1.39.

Wall Street Analysts Forecast Growth

UBER has been the topic of several analyst reports. Bank of America lowered their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday. DA Davidson reaffirmed a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a report on Wednesday. Gordon Haskett lowered shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research note on Wednesday, January 24th. Tigress Financial raised their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.41.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

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.