Uber Technologies (NYSE:UBER) Price Target Raised to $96.00

Uber Technologies (NYSE:UBER) had its price target increased by Tigress Financial from $72.00 to $96.00 in a research report report published on Friday, Benzinga reports. Tigress Financial currently has a buy rating on the ride-sharing company’s stock.

Several other research analysts have also commented on the stock. Bank of America raised their price objective on shares of Uber Technologies from $68.00 to $73.00 and gave the company a buy rating in a research note on Tuesday, January 30th. KeyCorp raised their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Royal Bank of Canada reissued an outperform rating and issued a $85.00 price objective on shares of Uber Technologies in a research note on Thursday, February 15th. Susquehanna lifted their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a positive rating in a research note on Thursday, February 8th. Finally, Needham & Company LLC reiterated a buy rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $78.94.

Uber Technologies Trading Down 0.3 %

Shares of UBER stock opened at $69.00 on Friday. The firm has a market cap of $143.62 billion, a PE ratio of 80.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. Uber Technologies has a 1-year low of $29.22 and a 1-year high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The company has a 50-day moving average of $76.89 and a two-hundred day moving average of $63.94.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts predict that Uber Technologies will post 1.22 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Uber Technologies during the 3rd quarter worth $26,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 560 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 495 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth $30,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.