Piper Sandler Has Lowered Expectations for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER - Get Free Report) had its price target cut by investment analysts at Piper Sandler from $98.00 to $82.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the ride-sharing company's stock. Piper Sandler's price objective would indicate a potential upside of 22.53% from the stock's previous close.

Several other research analysts have also commented on UBER. JMP Securities lowered shares of Uber Technologies from an "outperform" rating to a "market perform" rating and set a $95.00 price target for the company. in a report on Thursday, January 2nd. Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Friday, November 1st. Evercore ISI increased their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Truist Financial lowered their price objective on Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.08.

Uber Technologies Stock Up 0.5 %

NYSE UBER traded up $0.33 on Tuesday, hitting $66.92. 12,624,793 shares of the stock traded hands, compared to its average volume of 24,807,424. The company has a market capitalization of $140.92 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The stock has a 50-day moving average of $65.71 and a 200 day moving average of $70.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (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 firm had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same period last year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts expect that Uber Technologies will post 1.85 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

A number of hedge funds have recently modified their holdings of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Uber Technologies during the fourth quarter valued at $114,000. GAM Holding AG increased its holdings in shares of Uber Technologies by 57.0% in the 4th quarter. GAM Holding AG now owns 119,599 shares of the ride-sharing company's stock valued at $7,214,000 after purchasing an additional 43,440 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Uber Technologies by 56.5% in the fourth quarter. Venturi Wealth Management LLC now owns 3,185 shares of the ride-sharing company's stock worth $192,000 after purchasing an additional 1,150 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Uber Technologies by 70.9% during the fourth quarter. D.A. Davidson & CO. now owns 111,286 shares of the ride-sharing company's stock worth $6,713,000 after purchasing an additional 46,163 shares during the period. Finally, Truist Financial Corp grew its position in Uber Technologies by 0.8% during the fourth quarter. Truist Financial Corp now owns 538,745 shares of the ride-sharing company's stock valued at $32,497,000 after purchasing an additional 4,112 shares in the last quarter. 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.