Roth Capital Boosts Earnings Estimates for Uber Technologies

Uber Technologies, Inc. (NYSE:UBER) – Stock analysts at Roth Capital raised their FY2025 earnings estimates for Uber Technologies in a report released on Wednesday, February 5th. Roth Capital analyst R. Kulkarni now forecasts that the ride-sharing company will earn $2.69 per share for the year, up from their prior estimate of $2.28. The consensus estimate for Uber Technologies’ current full-year earnings is $2.40 per share.

UBER has been the subject of several other reports. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, February 5th. Evercore ISI lowered their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Loop Capital increased their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.70.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $76.90 on Monday. The stock has a market capitalization of $161.93 billion, a P/E ratio of 16.86, a PEG ratio of 0.81 and a beta of 1.39. The business has a 50 day simple moving average of $65.45 and a two-hundred day simple moving average of $70.26. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Avion Wealth grew its position in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the fourth quarter worth approximately $28,000. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $33,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $35,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.84% of the company’s stock.

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.