Analysts Set Uber Technologies, Inc. (NYSE:UBER) Price Target at $90.31

Uber Technologies, Inc. (NYSE:UBER) has received an average recommendation of “Moderate Buy” from the thirty-seven research firms that are presently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $90.31.

A number of brokerages have recently commented on UBER. Piper Sandler reaffirmed an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Fox Advisors cut shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, February 5th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, DA Davidson cut their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,404 shares of company stock valued at $5,587,619 in the last 90 days. 3.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Chancellor Financial Group WB LP acquired a new position in Uber Technologies in the 4th quarter valued at about $223,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in Uber Technologies in the 4th quarter valued at about $37,476,000. Centaurus Financial Inc. raised its stake in Uber Technologies by 438.7% in the 4th quarter. Centaurus Financial Inc. now owns 94,127 shares of the ride-sharing company’s stock valued at $5,678,000 after purchasing an additional 76,653 shares during the last quarter. Castle Rock Wealth Management LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $1,115,000. Finally, Probity Advisors Inc. increased its stake in shares of Uber Technologies by 118.8% during the 4th quarter. Probity Advisors Inc. now owns 6,786 shares of the ride-sharing company’s stock valued at $409,000 after acquiring an additional 3,685 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.9 %

UBER stock opened at $72.89 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The company’s 50 day moving average is $72.25 and its two-hundred day moving average is $71.56. The stock has a market cap of $152.27 billion, a P/E ratio of 15.99, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Research analysts expect that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Uber Technologies Company Profile

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.