Uber Technologies (NYSE:UBER) Earns Outperform Rating from JMP Securities

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JMP Securities reiterated their outperform rating on shares of Uber Technologies (NYSE:UBER) in a research note released on Tuesday, LiveTradingNews reports.

Other research analysts also recently issued reports about the stock. SunTrust Banks set a $56.00 price objective on shares of Uber Technologies and gave the company a buy rating in a research report on Friday, August 9th. Susquehanna Bancshares started coverage on shares of Uber Technologies in a research report on Tuesday, May 21st. They set a neutral rating and a $42.00 price objective for the company. BTIG Research started coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They set a buy rating and a $80.00 price objective for the company. Atlantic Securities upgraded shares of Uber Technologies from a neutral rating to an overweight rating and set a $40.40 price objective for the company in a research report on Friday, May 31st. Finally, DA Davidson lowered their price objective on shares of Uber Technologies to $46.00 and set a buy rating for the company in a research report on Friday, May 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $53.98.

Shares of UBER stock opened at $33.22 on Tuesday. Uber Technologies has a 1 year low of $32.92 and a 1 year high of $47.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.57 and a quick ratio of 1.68. The company has a 50 day moving average of $42.48.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, August 8th. The ride-sharing company reported ($4.72) EPS for the quarter, missing the consensus estimate of ($3.33) by ($1.39). The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the company posted ($2.01) EPS. Uber Technologies’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, analysts predict that Uber Technologies will post -7.2 earnings per share for the current year.

Several large investors have recently made changes to their positions in UBER. Legacy Advisors LLC acquired a new position in shares of Uber Technologies during the second quarter worth $26,000. Avestar Capital LLC acquired a new position in shares of Uber Technologies during the second quarter worth $27,000. Sound Income Strategies LLC acquired a new position in shares of Uber Technologies during the second quarter worth $28,000. Signaturefd LLC acquired a new position in shares of Uber Technologies during the second quarter worth $31,000. Finally, Regal Wealth Group Inc. acquired a new position in shares of Uber Technologies during the second quarter worth $32,000. Institutional investors own 5.52% of the company’s stock.

About Uber Technologies

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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Analyst Recommendations for Uber Technologies (NYSE:UBER)

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