Uber Technologies (NYSE:UBER) Stock Rating Upgraded by Tigress Financial

Uber Technologies (NYSE:UBERGet Free Report) was upgraded by investment analysts at Tigress Financial to a “moderate buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

UBER has been the subject of several other research reports. Needham & Company LLC reissued a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Thursday, May 7th. HSBC cut shares of Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wolfe Research set a $100.00 price target on shares of Uber Technologies in a research report on Friday, May 29th. Finally, Weiss Ratings raised shares of Uber Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $104.97.

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Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $68.67 on Friday. Uber Technologies has a 52-week low of $67.19 and a 52-week high of $101.99. The stock has a market capitalization of $139.79 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 5.91 and a beta of 1.12. The company has a fifty day moving average of $73.41 and a 200-day moving average of $77.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities research analysts expect that Uber Technologies will post 2.95 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UBER. Norges Bank bought a new position in Uber Technologies in the 4th quarter worth $2,515,094,000. Marshall Wace LLP raised its holdings in Uber Technologies by 1,462.2% in the 4th quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after purchasing an additional 6,264,946 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Uber Technologies by 129.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after purchasing an additional 5,293,822 shares in the last quarter. Employees Provident Fund Board bought a new position in Uber Technologies in the 4th quarter worth $265,205,000. Finally, Southpoint Capital Advisors LP bought a new position in Uber Technologies in the 1st quarter worth $222,983,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies News Summary

Here are the key news stories impacting Uber Technologies this week:

About Uber Technologies

(Get Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Analyst Recommendations for Uber Technologies (NYSE:UBER)

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