Uber Technologies (NYSE:UBER) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Uber Technologies (NYSE:UBER) in a research note released on Monday,Benzinga reports. The firm currently has a $90.00 price target on the ride-sharing company’s stock.

Several other research analysts also recently commented on the company. JMP Securities downgraded Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research note on Thursday, January 2nd. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Thursday, October 17th. KeyCorp lowered their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Tigress Financial raised their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Up 0.3 %

UBER stock opened at $68.74 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $144.74 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 0.77 and a beta of 1.36. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a fifty day moving average of $65.86 and a 200-day moving average of $70.26.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts predict that Uber Technologies will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies in the 3rd quarter worth about $2,087,000. Teachers Retirement System of The State of Kentucky lifted its stake in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares during the period. Aviso Wealth Management bought a new position in Uber Technologies during the 3rd quarter valued at about $2,302,000. Polianta Ltd bought a new position in Uber Technologies during the 4th quarter valued at about $1,206,000. Finally, Brophy Wealth Management LLC bought a new position in Uber Technologies during the 3rd quarter valued at about $1,041,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.