Uber Technologies Inc (NYSE:UBER) Receives Consensus Rating of “Buy” from Brokerages

Uber Technologies Inc (NYSE:UBER) has been given an average recommendation of “Buy” by the forty research firms that are currently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $48.70.

Several equities analysts have issued reports on the company. MKM Partners boosted their target price on Uber Technologies to $34.00 in a research report on Tuesday, November 5th. Wells Fargo & Co initiated coverage on Uber Technologies in a research note on Thursday, September 26th. They set a “market perform” rating and a $41.00 target price for the company. Piper Jaffray Companies began coverage on Uber Technologies in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $26.00 price target for the company. ValuEngine upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Finally, Loop Capital dropped their price objective on Uber Technologies to $41.00 and set an “accumulate” rating on the stock in a report on Monday, November 25th. They noted that the move was a valuation call.

Shares of UBER opened at $27.86 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.82 and a quick ratio of 2.82. Uber Technologies has a 1 year low of $25.58 and a 1 year high of $47.08. The company’s fifty day moving average is $29.70 and its two-hundred day moving average is $36.14.

Uber Technologies (NYSE:UBER) last issued its earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.83) by $0.15. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.68 billion. Uber Technologies had a negative net margin of 63.57% and a negative return on equity of 209.48%. The company’s revenue was up 29.5% on a year-over-year basis. On average, sell-side analysts predict that Uber Technologies will post -6.91 earnings per share for the current year.

In related news, CEO Dara Khosrowshahi bought 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $26.75 per share, with a total value of $6,687,500.00. Following the completion of the transaction, the chief executive officer now owns 1,530,939 shares of the company’s stock, valued at $40,952,618.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Travis Cordell Kalanick sold 4,265,223 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $27.86, for a total transaction of $118,829,112.78. Over the last three months, insiders sold 49,685,099 shares of company stock valued at $1,369,879,642.

A number of large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC grew its stake in shares of Uber Technologies by 7.0% during the 3rd quarter. Golden State Wealth Management LLC now owns 4,979 shares of the ride-sharing company’s stock valued at $152,000 after buying an additional 325 shares during the period. Signaturefd LLC increased its holdings in shares of Uber Technologies by 68.9% during the 3rd quarter. Signaturefd LLC now owns 1,118 shares of the ride-sharing company’s stock worth $34,000 after buying an additional 456 shares during the last quarter. Lake Street Financial LLC increased its holdings in shares of Uber Technologies by 7.1% during the 3rd quarter. Lake Street Financial LLC now owns 7,925 shares of the ride-sharing company’s stock worth $241,000 after buying an additional 525 shares during the last quarter. IMA Wealth Inc. increased its holdings in shares of Uber Technologies by 1.7% during the 3rd quarter. IMA Wealth Inc. now owns 32,831 shares of the ride-sharing company’s stock worth $1,000,000 after buying an additional 537 shares during the last quarter. Finally, Avestar Capital LLC purchased a new position in shares of Uber Technologies in the 2nd quarter worth $27,000. 45.02% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Uber Technologies (NYSE:UBER)

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