Uber Technologies (NYSE:UBER) Given New $82.00 Price Target at Piper Sandler

Uber Technologies (NYSE:UBER) had its price target decreased by research analysts at Piper Sandler from $98.00 to $82.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the ride-sharing company’s stock. Piper Sandler’s target price points to a potential upside of 19.29% from the company’s current price.

A number of other research firms have also weighed in on UBER. Truist Financial reduced their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Bank of America raised their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Tigress Financial raised their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Finally, Jefferies Financial Group increased their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.36.

Uber Technologies Stock Up 0.3 %

Shares of NYSE:UBER opened at $68.74 on Tuesday. Uber Technologies has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a market capitalization of $144.74 billion, a P/E ratio of 34.20, a P/E/G ratio of 0.77 and a beta of 1.36. The stock has a 50 day moving average price of $65.86 and a 200-day moving average price of $70.26. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several large investors have recently made changes to their positions in UBER. Ascent Wealth Partners LLC purchased a new position in Uber Technologies during the 3rd quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new position in shares of Uber Technologies in the third quarter valued at $2,302,000. Polianta Ltd bought a new stake in Uber Technologies in the fourth quarter worth $1,206,000. Finally, Brophy Wealth Management LLC bought a new stake in Uber Technologies in the third quarter worth $1,041,000. 80.24% of the stock is owned by institutional investors.

About Uber Technologies

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.