Uber Technologies (NYSE:UBER) Posts Earnings Results, Misses Estimates By $0.53 EPS

Uber Technologies (NYSE:UBER) issued its earnings results on Wednesday. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53), Briefing.com reports. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. During the same quarter last year, the firm posted ($0.08) earnings per share. Uber Technologies’s revenue was up 14.8% on a year-over-year basis.

Uber Technologies Stock Up 3.0 %

Shares of UBER stock traded up $1.98 on Thursday, hitting $68.38. 14,053,514 shares of the stock were exchanged, compared to its average volume of 20,471,324. The business has a 50-day moving average of $74.80 and a 200 day moving average of $65.83. Uber Technologies has a fifty-two week low of $37.07 and a fifty-two week high of $82.14. The firm has a market capitalization of $142.33 billion, a P/E ratio of 78.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UBER. Truist Financial upped their price objective on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. UBS Group upped their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Susquehanna lifted their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Finally, Barclays raised their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.56.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on 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 directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on 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 sale, 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 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 sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% 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.