Cantor Fitzgerald Issues Positive Estimate for UBER Earnings

Uber Technologies, Inc. (NYSE:UBER) – Research analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimates for Uber Technologies in a research report issued to clients and investors on Monday, October 20th. Cantor Fitzgerald analyst D. Mathivanan now expects that the ride-sharing company will earn $2.78 per share for the year, up from their prior forecast of $2.77. Cantor Fitzgerald currently has a “Overweight” rating and a $106.00 target price on the stock. The consensus estimate for Uber Technologies’ current full-year earnings is $2.54 per share.

A number of other brokerages have also weighed in on UBER. Susquehanna upped their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Bank of America upped their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Barclays reiterated an “overweight” rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Roth Capital upped their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Piper Sandler upped their price target on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $105.70.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $93.07 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies has a twelve month low of $59.33 and a twelve month high of $101.99. The stock’s 50 day moving average is $95.31 and its 200-day moving average is $88.96. The firm has a market capitalization of $194.09 billion, a price-to-earnings ratio of 15.86 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. Uber Technologies’s revenue for the quarter was up 18.2% on a year-over-year basis.

Institutional Trading of Uber Technologies

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after buying an additional 3,025,483 shares during the period. Geode Capital Management LLC raised its stake in shares of Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after buying an additional 1,168,288 shares during the period. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies in the first quarter valued at $2,207,743,000. Norges Bank bought a new stake in shares of Uber Technologies in the second quarter valued at $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC raised its stake in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,946 shares of company stock valued at $58,950,116. 3.70% of the stock is currently owned by insiders.

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.