Uber Technologies (NYSE:UBER) Stock Price Down 4.7% – Here’s Why

Uber Technologies, Inc. (NYSE:UBER)’s stock price was down 4.7% during trading on Tuesday . The company traded as low as $71.82 and last traded at $71.9510. 27,526,469 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 19,929,189 shares. The stock had previously closed at $75.50.

Key Uber Technologies News

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

• Positive Sentiment: Uber said it plans to announce a new autonomous vehicle partner in Phoenix, which suggests it is still actively pursuing robotaxi expansion rather than exiting the market. Uber (UBER) Ends Waymo Phoenix Pilot And Lines Up New Robotaxi Partner
• Neutral Sentiment: The Waymo partnership ended after a large volume of completed trips, showing the pilot had operational traction even as the relationship changed. Waymo and Uber end robotaxi pilot in Phoenix
• Neutral Sentiment: Waymo said the vehicles used in the pilot will continue operating in its own Phoenix fleet and for DoorDash deliveries, limiting the broader disruption to the self-driving asset base. Waymo and Uber end robotaxi pilot in Phoenix
• Negative Sentiment: Investors appear worried that the breakup with Waymo could weigh on Uber’s stock by increasing uncertainty around its future in autonomous driving. Why Split With Waymo In Phoenix Could ‘Weigh On’ Uber Stock
• Negative Sentiment: Several reports framed the end of the partnership as a setback that could deepen skepticism about Uber’s position in the robotaxi race and its dependence on outside automakers and AV partners. Uber’s stock is sputtering as its position in the autonomous driving world is uncertain

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $100.00 price objective on shares of Uber Technologies in a research report on Monday. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Friday. UBS Group downgraded Uber Technologies from a “buy” rating to a “neutral” rating in a report on Monday, May 11th. Weiss Ratings cut Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Finally, HSBC downgraded Uber Technologies to a “reduce” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.54.

Uber Technologies Stock Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average price is $73.38 and its 200-day moving average price is $75.90. The firm has a market cap of $146.46 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 6.48 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same period last year, the business earned $0.83 EPS. Uber Technologies’s revenue for the quarter was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts expect that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in Uber Technologies during the third quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $25,000. Imprint Wealth LLC purchased a new position in shares of Uber Technologies during the third quarter worth approximately $32,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

About Uber Technologies

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.