JMP Securities Boosts Uber Technologies (NYSE:UBER) Price Target to $95.00

Uber Technologies (NYSE:UBER) had its price objective raised by JMP Securities from $80.00 to $95.00 in a research note released on Friday, Benzinga reports. JMP Securities currently has a market outperform rating on the ride-sharing company’s stock.

UBER has been the topic of several other research reports. UBS Group upped their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. Wolfe Research began coverage on Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective for the company. Roth Mkm upped their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Loop Capital increased their target price on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.22.

Uber Technologies Stock Performance

NYSE:UBER traded up $1.20 during trading on Friday, reaching $73.25. The company’s stock had a trading volume of 33,542,204 shares, compared to its average volume of 18,874,420. The firm has a market cap of $153.89 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34. Uber Technologies has a 12 month low of $45.25 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.21 and a current ratio of 1.41. The firm has a 50 day moving average of $75.36 and a 200-day moving average of $70.88.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. Research analysts expect that Uber Technologies will post 1.1 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Eos Management L.P. purchased a new stake in Uber Technologies during the 3rd quarter valued at $537,000. Ted Buchan & Co grew its stake in shares of Uber Technologies by 220.1% in the third quarter. Ted Buchan & Co now owns 12,608 shares of the ride-sharing company’s stock worth $948,000 after purchasing an additional 8,669 shares during the last quarter. Transcendent Capital Group LLC increased its holdings in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares during the period. Mesirow Financial Investment Management Inc. raised its position in Uber Technologies by 7.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 48,222 shares of the ride-sharing company’s stock valued at $3,624,000 after purchasing an additional 3,163 shares during the last quarter. Finally, Carr Financial Group Corp grew its position in shares of Uber Technologies by 15.7% in the 3rd quarter. Carr Financial Group Corp now owns 4,259 shares of the ride-sharing company’s stock worth $320,000 after buying an additional 579 shares during the last quarter. Hedge funds and other 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.