Uber Technologies (NYSE:UBER) Issues Quarterly Earnings Results

Uber Technologies (NYSE:UBER) issued its earnings results on Wednesday. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53), Briefing.com reports. The company had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) earnings per share.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $1.75 during trading on Thursday, reaching $68.15. The company had a trading volume of 15,485,417 shares, compared to its average volume of 20,480,170. Uber Technologies has a twelve month low of $37.07 and a twelve month high of $82.14. The stock has a market capitalization of $141.85 billion, a PE ratio of 78.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The stock has a 50-day moving average price of $74.80 and a two-hundred day moving average price of $65.83. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Susquehanna increased their price target on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Thursday, February 15th. Gordon Haskett cut Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a report on Wednesday, January 24th. Jefferies Financial Group increased their price target on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, TD Cowen reduced their price target on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.56.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.80% 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.