Uber Technologies’ (NYSE:UBER) lock-up period is set to expire on Wednesday, November 6th. Uber Technologies had issued 180,000,000 shares in its public offering on May 10th. The total size of the offering was $8,100,000,000 based on an initial share price of $45.00. After the expiration of Uber Technologies’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
A number of brokerages have weighed in on UBER. HSBC raised shares of Uber Technologies from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $44.00 in a research report on Monday, September 16th. Zacks Investment Research cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a research report on Friday, October 25th. Guggenheim began coverage on shares of Uber Technologies in a research report on Thursday, October 24th. They set a “buy” rating and a $40.00 price target on the stock. Cowen set a $60.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Oppenheimer set a $55.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a research report on Friday, August 9th. Twelve research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.01.
NYSE UBER opened at $28.02 on Wednesday. The stock’s fifty day moving average price is $31.41. Uber Technologies has a 52 week low of $28.31 and a 52 week high of $47.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.57 and a current ratio of 2.57.
Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.15. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.68 billion. The business’s revenue was up 29.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Uber Technologies will post -7.07 earnings per share for the current year.
Several large investors have recently modified their holdings of UBER. DNB Asset Management AS bought a new stake in shares of Uber Technologies in the second quarter worth $1,109,000. Equitec Specialists LLC bought a new stake in shares of Uber Technologies in the second quarter worth $116,000. Zions Bancorporation N.A. bought a new stake in shares of Uber Technologies in the second quarter worth $149,000. Gulf International Bank UK Ltd bought a new stake in shares of Uber Technologies in the second quarter worth $2,356,000. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Uber Technologies in the second quarter worth $5,508,000. Institutional investors and hedge funds own 45.32% of the company’s stock.
Uber Technologies Company Profile
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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