Uber Technologies (NYSE:UBER) Sets New 52-Week Low at $35.00

Shares of Uber Technologies Inc (NYSE:UBER) reached a new 52-week low on Wednesday . The stock traded as low as $35.00 and last traded at $35.00, with a volume of 4936138 shares changing hands. The stock had previously closed at $36.45.

Several research firms have recently weighed in on UBER. Barclays began coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued an “overweight” rating and a $50.00 price objective on the stock. Citigroup began coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $45.00 price objective on the stock. Loop Capital began coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued a “buy” rating on the stock. Morgan Stanley upped their price objective on Uber Technologies from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, Macquarie began coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued an “outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $53.98.

The stock has a fifty day simple moving average of $42.87.



Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.33) by ($1.39). The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the company posted ($2.01) earnings per share. The business’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, analysts forecast that Uber Technologies Inc will post -6.46 EPS for the current year.

A number of large investors have recently bought and sold shares of UBER. Legacy Advisors LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $26,000. Sound Income Strategies LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $28,000. Avestar Capital LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $27,000. Signaturefd LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $31,000. Finally, Regal Wealth Group Inc. acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $32,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

About Uber Technologies (NYSE:UBER)

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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