News stories about Uber Technologies (NYSE:UBER) have trended very negative this week, according to InfoTrie. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Uber Technologies earned a media sentiment score of -3.00 on their scale. InfoTrie also assigned news coverage about the ride-sharing company an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Uber Technologies’ analysis:
- Austin, Uber to give away $120,000 in free rides to nonprofits (statesman.com)
- Uber Positions Itself for Growth After COVID-19 (finance.yahoo.com)
- Virus cases drop to zero in China but surge in Latin America (marketbeat.com)
- Coronavirus crisis acceleration in Brazil and Mexico prompts criticism of presidents (finance.yahoo.com)
- UPDATE 1-Uber customer claims company won price-fixing suit because arbitrator was scared (feeds.reuters.com)
A number of analysts have recently issued reports on UBER shares. SunTrust Banks restated a “buy” rating and set a $50.00 price objective on shares of Uber Technologies in a research report on Monday, May 18th. Guggenheim boosted their price objective on Uber Technologies from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, May 8th. MKM Partners decreased their price target on Uber Technologies from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Goldman Sachs Group boosted their price target on Uber Technologies from $41.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 price target (down previously from $40.00) on shares of Uber Technologies in a research note on Friday, May 8th. Five investment analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the stock. Uber Technologies currently has an average rating of “Buy” and a consensus target price of $43.28.
Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, May 7th. The ride-sharing company reported ($0.64) EPS for the quarter, beating analysts’ consensus estimates of ($0.79) by $0.15. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.35 billion. Uber Technologies had a negative return on equity of 58.70% and a negative net margin of 71.48%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.26) earnings per share. Analysts anticipate that Uber Technologies will post -3.61 EPS for the current year.
In related news, Director Garrett Camp sold 170,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.24, for a total value of $3,950,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,700,000 shares of company stock valued at $46,486,500 in the last quarter. 8.66% of the stock is currently owned by corporate insiders.
Uber Technologies Company Profile
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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