JMP Securities reiterated their outperform rating on shares of Uber Technologies (NYSE:UBER) in a report issued on Tuesday morning, LiveTradingNews reports.

A number of other equities research analysts also recently weighed in on the company. Wolfe Research initiated coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a market perform rating on the stock. DA Davidson decreased their price objective on Uber Technologies to $46.00 and set a buy rating on the stock in a report on Friday, May 31st. Daiwa Capital Markets initiated coverage on Uber Technologies in a report on Tuesday, June 25th. They issued a neutral rating on the stock. William Blair initiated coverage on Uber Technologies in a report on Tuesday, June 4th. They issued an outperform rating on the stock. Finally, Mizuho initiated coverage on Uber Technologies in a report on Tuesday, June 4th. They issued a buy rating and a $50.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Uber Technologies currently has a consensus rating of Buy and a consensus price target of $53.98.

NYSE UBER opened at $36.45 on Tuesday. The company’s 50-day moving average price is $42.87. Uber Technologies has a twelve month low of $36.08 and a twelve month high of $47.08.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($3.33) by ($1.39). The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm earned ($2.01) EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies will post -6.46 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. Legacy Advisors LLC bought a new stake in shares of Uber Technologies in the second quarter worth about $26,000. Avestar Capital LLC bought a new stake in shares of Uber Technologies in the second quarter worth about $27,000. Sound Income Strategies LLC bought a new stake in shares of Uber Technologies in the second quarter worth about $28,000. Signaturefd LLC bought a new stake in shares of Uber Technologies in the second quarter worth about $31,000. Finally, Regal Wealth Group Inc. bought a new stake in shares of Uber Technologies in the second quarter worth about $32,000. 5.52% of the stock is currently owned by institutional investors.

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.

Further Reading: Return On Assets

Analyst Recommendations for Uber Technologies (NYSE:UBER)

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