FY2025 EPS Forecast for Uber Technologies Cut by Analyst

Uber Technologies, Inc. (NYSE:UBER) – Equities research analysts at Cantor Fitzgerald reduced their FY2025 earnings per share estimates for shares of Uber Technologies in a research report issued on Wednesday, April 16th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the ride-sharing company will earn $2.25 per share for the year, down from their previous estimate of $2.32. Cantor Fitzgerald currently has a “Overweight” rating and a $80.00 target price on the stock. The consensus estimate for Uber Technologies’ current full-year earnings is $2.54 per share.

Several other brokerages have also commented on UBER. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. KeyCorp dropped their price target on Uber Technologies from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Evercore ISI lowered their target price 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. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.81.

Uber Technologies Stock Up 3.0 %

Shares of NYSE:UBER opened at $75.28 on Thursday. The firm has a 50 day simple moving average of $74.09 and a 200-day simple moving average of $71.45. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $157.47 billion, a PE ratio of 16.51, a P/E/G ratio of 0.89 and a beta of 1.37.

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

Institutional Trading of Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Polianta Ltd purchased a new stake in Uber Technologies during the 4th quarter worth approximately $1,206,000. Allworth Financial LP raised its position in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in Uber Technologies during the fourth quarter worth $3,188,000. Mirador Capital Partners LP boosted its holdings in Uber Technologies by 40.4% in the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company’s stock worth $5,140,000 after purchasing an additional 24,520 shares during the period. Finally, Tri Ri Asset Management Corp bought a new stake in Uber Technologies during the third quarter valued at $8,243,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by company insiders.

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.