Uber Technologies (NYSE:UBER) Given Buy Rating at Roth Mkm

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating reissued by analysts at Roth Mkm in a report issued on Friday, Benzinga reports. They currently have a $89.00 price objective on the ride-sharing company’s stock, down from their previous price objective of $91.00. Roth Mkm’s target price would suggest a potential upside of 33.05% from the company’s previous close.

A number of other brokerages have also weighed in on UBER. Susquehanna lifted their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Moffett Nathanson reiterated a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Jefferies Financial Group decreased their price objective on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a report on Thursday. TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a report on Wednesday, February 7th. Finally, Citigroup boosted their price target on shares of Uber Technologies from $91.00 to $93.00 and gave the company a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $83.75.

Uber Technologies Stock Performance

UBER traded down $1.04 during trading on Friday, hitting $66.89. The company’s stock had a trading volume of 7,361,162 shares, compared to its average volume of 20,477,012. The business’s 50 day simple moving average is $74.57 and its 200-day simple moving average is $65.85. The firm has a market cap of $139.22 billion, a PE ratio of 78.05, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies has a one year low of $37.07 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. Uber Technologies’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) EPS. As a group, sell-side analysts predict that Uber Technologies will post 1.23 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently modified their holdings of the company. Financial Management Professionals Inc. grew its holdings in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies in the first quarter valued at about $32,000. YHB Investment Advisors Inc. purchased a new stake in shares of Uber Technologies in the first quarter valued at about $37,000. CVA Family Office LLC purchased a new position in Uber Technologies during the fourth quarter worth about $30,000. Finally, Highlander Capital Management LLC boosted its stake in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Company Profile

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.