Tigress Financial Boosts Uber Technologies (NYSE:UBER) Price Target to $96.00

Uber Technologies (NYSE:UBER) had its price objective increased by Tigress Financial from $72.00 to $96.00 in a report issued on Friday, Benzinga reports. The firm currently has a buy rating on the ride-sharing company’s stock.

Other equities analysts also recently issued research reports about the stock. Mizuho increased their price objective on shares of Uber Technologies from $77.00 to $83.00 and gave the company a buy rating in a research note on Thursday, February 8th. KeyCorp raised their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Piper Sandler raised their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the company an overweight rating in a research note on Friday, March 15th. Citigroup increased their price objective on shares of Uber Technologies from $83.00 to $91.00 and gave the stock a buy rating in a research report on Friday, February 16th. Finally, Moffett Nathanson reiterated a buy rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $78.94.

Uber Technologies Stock Down 2.9 %

Shares of UBER opened at $69.20 on Friday. Uber Technologies has a 52 week low of $29.22 and a 52 week high of $82.14. The firm has a market cap of $144.03 billion, a P/E ratio of 80.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The firm’s 50-day simple moving average is $76.89 and its 200 day simple moving average is $63.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. On average, analysts forecast that Uber Technologies will post 1.22 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently modified their holdings of UBER. O Dell Group LLC bought a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new position in Uber Technologies during the third quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE grew its stake in Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 560 shares in the last quarter. Financial Management Professionals Inc. grew its stake in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 495 shares in the last quarter. 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.