Uber Technologies (NYSE:UBER) Reaches New 1-Year Low – Time to Sell?

Uber Technologies, Inc. (NYSE:UBER)’s share price hit a new 52-week low during trading on Wednesday. The stock traded as low as $65.36 and last traded at $65.2760, with a volume of 896,154 shares changing hands. The stock had previously closed at $65.78.

Uber Technologies News Roundup

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

• Positive Sentiment: Uber’s decision to walk away from a potential Instacart acquisition may protect capital and avoid taking on integration costs or an expensive valuation. Analysts argue the company can continue expanding grocery delivery organically through Uber Eats. Uber: Walking Away From Instacart Was The Right Call
• Positive Sentiment: Key Food Stores Co-Op is joining Uber Eats, expanding Uber’s local grocery-delivery network and potentially adding order volume, merchant relationships and convenience for customers. Key Food Stores Co-Op Joins Uber Eats
• Positive Sentiment: Wall Street coverage remains broadly favorable, with analysts characterized as viewing UBER as a buy. That support could help limit downside ahead of earnings, although it is not a new operating catalyst. Wall Street Analysts See Uber as a Buy

Analysts Set New Price Targets

Several analysts recently issued reports on UBER shares. Evercore reiterated an “outperform” rating and set a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 12th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. Roth Capital cut their price objective on shares of Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 10th. Finally, UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.11.

Uber Technologies Stock Performance

The firm has a fifty day simple moving average of $71.91 and a two-hundred day simple moving average of $73.75. The firm has a market cap of $132.40 billion, a PE ratio of 14.22 and a beta of 1.27.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to analysts’ expectations of $14.24 billion. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the completion of the transaction, the insider owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi acquired 141,000 shares of Uber Technologies stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the purchase, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at $97,009,416. The trade was a 11.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.81% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Institutional investors have recently modified their holdings of the stock. Public Investment Fund purchased a new stake in shares of Uber Technologies in the second quarter valued at $5,256,173,439. Legal & General Group Plc bought a new stake in Uber Technologies in the second quarter worth about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Uber Technologies during the second quarter valued at approximately $752,151,000. Baird Financial Group Inc. boosted its position in shares of Uber Technologies by 64.4% during the second quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock valued at $656,609,000 after buying an additional 3,564,073 shares during the period. Finally, Fundsmith LLP purchased a new position in shares of Uber Technologies during the second quarter valued at approximately $645,338,000. 80.24% of the stock is owned by institutional investors.

About Uber Technologies

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.