Uber Technologies (NYSE:UBER) Receives Market Perform Rating from JMP Securities

Uber Technologies (NYSE:UBER)‘s stock had its “market perform” rating reiterated by research analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports.

A number of other research firms have also weighed in on UBER. Citigroup lowered their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Finally, KeyCorp decreased their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.44.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $2.90 during midday trading on Thursday, hitting $67.38. The stock had a trading volume of 14,414,625 shares, compared to its average volume of 27,305,328. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average price of $65.46 and a two-hundred day moving average price of $70.11. The company has a market capitalization of $141.87 billion, a PE ratio of 33.45, a P/E/G ratio of 0.77 and a beta of 1.39. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. As a group, equities analysts predict that Uber Technologies will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avion Wealth increased its stake in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Financial Management Professionals Inc. increased its stake in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth about $35,000. Finally, Kieckhefer Group LLC bought a new stake in Uber Technologies in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Company Profile

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.