Uber Technologies (NYSE:UBER) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Uber Technologies (NYSE:UBER – Get Rating) in a research report report published on Monday morning, FinViz reports. The brokerage issued a buy rating and a $38.00 price objective on the ride-sharing company’s stock.

A number of other analysts also recently issued reports on UBER. Truist Financial cut their price target on shares of Uber Technologies from $67.00 to $60.00 and set a buy rating for the company in a report on Monday, October 24th. Needham & Company LLC raised their price target on shares of Uber Technologies from $52.00 to $54.00 and gave the stock a buy rating in a report on Wednesday, November 2nd. Piper Sandler upgraded shares of Uber Technologies from a neutral rating to an overweight rating and raised their price target for the stock from $31.00 to $33.00 in a report on Monday. Cowen cut their price target on shares of Uber Technologies from $76.00 to $70.00 and set an outperform rating for the company in a report on Monday, October 24th. Finally, Cowen cut their price target on shares of Uber Technologies from $76.00 to $70.00 and set an outperform rating for the company in a report on Monday, October 24th. One investment analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of Moderate Buy and a consensus target price of $47.82.

Uber Technologies Trading Up 3.8 %

UBER opened at $27.40 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day simple moving average is $27.18 and its two-hundred day simple moving average is $27.19. Uber Technologies has a 1-year low of $19.90 and a 1-year high of $44.17. The firm has a market capitalization of $54.65 billion, a price-to-earnings ratio of -6.04 and a beta of 1.18.

Uber Technologies (NYSE:UBER – Get Rating) last released its earnings results on Tuesday, November 1st. The ride-sharing company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.44). Uber Technologies had a negative return on equity of 90.49% and a negative net margin of 30.45%. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.08 billion. Analysts expect that Uber Technologies will post -5.12 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 63,100 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $31.02, for a total value of $1,957,362.00. Following the completion of the sale, the insider now directly owns 80,750 shares of the company’s stock, valued at $2,504,865. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its holdings in shares of Uber Technologies by 6.1% in the second quarter. Global Retirement Partners LLC now owns 31,714 shares of the ride-sharing company’s stock valued at $649,000 after buying an additional 1,823 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Uber Technologies by 645.6% in the second quarter. Whittier Trust Co. now owns 81,571 shares of the ride-sharing company’s stock valued at $1,668,000 after buying an additional 70,631 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of Uber Technologies by 98.4% in the second quarter. Great Valley Advisor Group Inc. now owns 38,338 shares of the ride-sharing company’s stock valued at $785,000 after buying an additional 19,018 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Uber Technologies by 8.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 73,685 shares of the ride-sharing company’s stock valued at $1,508,000 after buying an additional 5,924 shares during the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Uber Technologies by 32.9% in the second quarter. Metis Global Partners LLC now owns 11,414 shares of the ride-sharing company’s stock valued at $233,000 after buying an additional 2,824 shares during the last quarter. 71.83% of the stock is owned by hedge funds and other institutional investors.

About Uber Technologies

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.