JMP Securities Downgrades Uber Technologies (NYSE:UBER) to Market Perform

Uber Technologies (NYSE:UBER) was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $95.00 target price on the ride-sharing company’s stock. JMP Securities’ target price would suggest a potential upside of 47.08% from the stock’s current price.

Several other brokerages have also commented on UBER. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a research report on Thursday, October 17th. Evercore ISI increased their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, December 18th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Finally, KeyCorp reduced their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Trading Up 2.2 %

Shares of UBER stock opened at $64.59 on Thursday. The company has a market capitalization of $136.01 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 0.75 and a beta of 1.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $67.98 and a 200 day moving average price of $70.69. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 EPS. Research analysts forecast that Uber Technologies will post 1.89 earnings per share for the current fiscal year.

Insider Activity

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 completion of the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. CENTRAL TRUST Co boosted its holdings in shares of Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares during the period. Procyon Advisors LLC lifted its position in Uber Technologies by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after buying an additional 131 shares in the last quarter. DT Investment Partners LLC lifted its position in Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after buying an additional 145 shares in the last quarter. Jmac Enterprises LLC grew its holdings in shares of Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after acquiring an additional 150 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its holdings in shares of Uber Technologies by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after acquiring an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.