Research Analysts Set Expectations for Uber Technologies, Inc.’s FY2025 Earnings (NYSE:UBER)

Uber Technologies, Inc. (NYSE:UBERGet Rating) – Equities research analysts at Oppenheimer dropped their FY2025 earnings per share (EPS) estimates for shares of Uber Technologies in a research note issued on Tuesday, August 2nd. Oppenheimer analyst J. Helfstein now anticipates that the ride-sharing company will post earnings per share of $1.26 for the year, down from their previous estimate of $1.31. The consensus estimate for Uber Technologies’ current full-year earnings is ($3.57) per share.

Uber Technologies (NYSE:UBERGet Rating) last announced its earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 62.32%. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.37 billion. During the same quarter last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 105.6% compared to the same quarter last year.

Several other analysts have also recently commented on UBER. Stifel Nicolaus reduced their price target on Uber Technologies from $48.00 to $40.00 in a report on Wednesday, May 4th. UBS Group reduced their price target on Uber Technologies from $50.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday. Raymond James raised Uber Technologies from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Wednesday. Jefferies Financial Group reduced their price target on Uber Technologies from $65.00 to $50.00 in a report on Tuesday, May 31st. Finally, Morgan Stanley raised their price target on Uber Technologies from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.63.

Uber Technologies Trading Up 0.5 %

Shares of UBER stock opened at $32.01 on Friday. The business’s 50 day moving average is $23.34 and its two-hundred day moving average is $28.98. Uber Technologies has a twelve month low of $19.90 and a twelve month high of $48.88. The company has a market capitalization of $62.86 billion, a P/E ratio of -6.14 and a beta of 1.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96.

Insider Activity

In other news, insider Tony West sold 87,841 shares of Uber Technologies stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $31.26, for a total value of $2,745,909.66. Following the completion of the sale, the insider now owns 141,944 shares of the company’s stock, valued at $4,437,169.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.06% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Advisors Network LLC purchased a new stake in Uber Technologies during the first quarter valued at about $301,000. Boyar Asset Management Inc. grew its position in Uber Technologies by 1.0% during the first quarter. Boyar Asset Management Inc. now owns 90,380 shares of the ride-sharing company’s stock valued at $3,225,000 after acquiring an additional 917 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Uber Technologies by 14.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,129,792 shares of the ride-sharing company’s stock valued at $147,351,000 after acquiring an additional 528,430 shares during the period. UMB Bank N A MO purchased a new stake in Uber Technologies during the fourth quarter valued at about $336,000. Finally, Good Life Advisors LLC grew its position in Uber Technologies by 39.7% during the first quarter. Good Life Advisors LLC now owns 17,296 shares of the ride-sharing company’s stock valued at $617,000 after acquiring an additional 4,913 shares during the period. Hedge funds and other institutional investors own 72.58% of the company’s stock.

About Uber Technologies

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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Earnings History and Estimates for Uber Technologies (NYSE:UBER)

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