Uber Technologies, Inc. (NYSE:UBER – Free Report) – Equities research analysts at Zacks Research upped their Q1 2025 earnings estimates for shares of Uber Technologies in a research note issued to investors on Monday, September 4th. Zacks Research analyst S. Goswami now forecasts that the ride-sharing company will earn $0.26 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for Uber Technologies’ current full-year earnings is $0.41 per share. Zacks Research also issued estimates for Uber Technologies’ FY2025 earnings at $1.28 EPS.
A number of other brokerages have also commented on UBER. Loop Capital increased their price target on shares of Uber Technologies from $48.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Needham & Company LLC increased their target price on Uber Technologies from $56.00 to $60.00 in a research note on Wednesday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price target on shares of Uber Technologies in a research note on Tuesday. Susquehanna increased their price objective on Uber Technologies from $48.00 to $55.00 and gave the company a “positive” rating in a research report on Wednesday, August 2nd. Finally, Morgan Stanley upped their target price on Uber Technologies from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. Thirty-one analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $56.00.
Uber Technologies Price Performance
Uber Technologies stock opened at $46.27 on Thursday. The business has a 50-day simple moving average of $45.35 and a 200 day simple moving average of $39.02. The stock has a market cap of $94.55 billion, a price-to-earnings ratio of -210.31 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. Uber Technologies has a 52 week low of $22.94 and a 52 week high of $49.49.
Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.19. Uber Technologies had a negative return on equity of 4.57% and a negative net margin of 1.07%. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.34 billion. During the same period in the previous year, the business earned ($1.33) earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis.
Hedge Funds Weigh In On Uber Technologies
Several large investors have recently made changes to their positions in the business. Horizon Investments LLC lifted its holdings in shares of Uber Technologies by 2.3% during the second quarter. Horizon Investments LLC now owns 10,529 shares of the ride-sharing company’s stock valued at $455,000 after purchasing an additional 240 shares during the last quarter. Ellevest Inc. grew its stake in shares of Uber Technologies by 1.5% in the second quarter. Ellevest Inc. now owns 16,832 shares of the ride-sharing company’s stock worth $727,000 after acquiring an additional 250 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in shares of Uber Technologies by 66.5% in the second quarter. Raleigh Capital Management Inc. now owns 651 shares of the ride-sharing company’s stock worth $28,000 after acquiring an additional 260 shares during the last quarter. Founders Financial Securities LLC grew its stake in shares of Uber Technologies by 2.0% in the second quarter. Founders Financial Securities LLC now owns 13,254 shares of the ride-sharing company’s stock worth $572,000 after acquiring an additional 261 shares during the last quarter. Finally, Krilogy Financial LLC grew its stake in shares of Uber Technologies by 0.5% in the second quarter. Krilogy Financial LLC now owns 57,233 shares of the ride-sharing company’s stock worth $2,471,000 after acquiring an additional 262 shares during the last quarter. 74.07% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Dara Khosrowshahi sold 30,025 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $45.00, for a total value of $1,351,125.00. Following the completion of the sale, the chief executive officer now owns 1,485,167 shares of the company’s stock, valued at $66,832,515. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Nelson Chai sold 100,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $45.05, for a total value of $4,505,000.00. Following the sale, the chief financial officer now directly owns 291,807 shares of the company’s stock, valued at approximately $13,145,905.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 30,025 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $45.00, for a total transaction of $1,351,125.00. Following the completion of the sale, the chief executive officer now directly owns 1,485,167 shares in the company, valued at $66,832,515. The disclosure for this sale can be found here. Insiders sold 324,998 shares of company stock valued at $14,803,833 over the last quarter. 3.84% of the stock is owned by company 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.
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