Uber Technologies (NYSE:UBER) Upgraded at Raymond James

Raymond James upgraded shares of Uber Technologies (NYSE:UBERGet Rating) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have $38.00 price target on the ride-sharing company’s stock.

Other equities analysts also recently issued reports about the company. Sanford C. Bernstein reduced their price objective on Uber Technologies from $45.00 to $35.00 and set an outperform rating for the company in a research report on Tuesday, May 24th. The Goldman Sachs Group reduced their price objective on Uber Technologies from $55.00 to $45.00 and set a buy rating for the company in a research report on Thursday, June 9th. Wolfe Research reduced their price objective on Uber Technologies from $30.00 to $27.00 and set an outperform rating for the company in a research report on Friday, June 24th. BTIG Research dropped their target price on Uber Technologies from $55.00 to $35.00 and set a buy rating on the stock in a report on Tuesday, July 19th. Finally, Needham & Company LLC dropped their target price on Uber Technologies from $68.00 to $50.00 in a report on Thursday, May 5th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $49.63.

Uber Technologies Stock Performance

Shares of UBER stock opened at $32.01 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average of $23.34 and a two-hundred day moving average of $28.98. Uber Technologies has a 52 week low of $19.90 and a 52 week high of $48.88. The company has a market cap of $62.86 billion, a P/E ratio of -6.14 and a beta of 1.35.

Uber Technologies (NYSE:UBERGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($1.08). The business had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.37 billion. Uber Technologies had a negative return on equity of 62.32% and a negative net margin of 39.39%. The business’s quarterly revenue was up 105.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, analysts anticipate that Uber Technologies will post -3.57 EPS for the current year.

Insider Buying and Selling at Uber Technologies

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

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently made changes to their positions in the company. Integrated Advisors Network LLC acquired a new stake in Uber Technologies in the first quarter valued at approximately $301,000. Boyar Asset Management Inc. boosted its holdings in Uber Technologies by 1.0% in the first quarter. Boyar Asset Management Inc. now owns 90,380 shares of the ride-sharing company’s stock worth $3,225,000 after purchasing an additional 917 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings 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 bought a new stake in Uber Technologies during the fourth quarter valued at about $336,000. Finally, Good Life Advisors LLC boosted its holdings 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. 72.58% of the stock is currently owned by institutional investors and hedge funds.

About Uber Technologies

(Get Rating)

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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