Citigroup Issues Pessimistic Forecast for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER) had its target price dropped by stock analysts at Citigroup from $98.00 to $92.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the ride-sharing company’s stock. Citigroup’s price target suggests a potential upside of 23.06% from the stock’s current price.

UBER has been the subject of a number of other reports. Loop Capital upped their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Tigress Financial upped their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Jefferies Financial Group upped their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.19.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $74.76 on Thursday. Uber Technologies has a one year low of $54.84 and a one year high of $87.00. The company has a market cap of $157.43 billion, a PE ratio of 37.20, a P/E/G ratio of 0.77 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The business has a 50-day simple moving average of $65.28 and a 200-day simple moving average of $70.07.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. On average, equities research analysts forecast that Uber Technologies will post 1.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

Large investors have recently bought and sold shares of the company. Avion Wealth grew its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at $35,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.