Deutsche Bank Aktiengesellschaft Boosts Uber Technologies (NYSE:UBER) Price Target to $44.00

Uber Technologies (NYSE:UBER – Get Rating) had its target price increased by Deutsche Bank Aktiengesellschaft from $42.00 to $44.00 in a report published on Wednesday morning, The Fly reports. They currently have a buy rating on the ride-sharing company’s stock.

Several other analysts have also issued reports on UBER. Raymond James upped their price target on shares of Uber Technologies from $38.00 to $41.00 and gave the stock an outperform rating in a research report on Thursday, February 9th. JMP Securities reaffirmed a market outperform rating and issued a $55.00 target price on shares of Uber Technologies in a report on Friday, March 10th. DA Davidson reiterated a buy rating and set a $62.00 price target on shares of Uber Technologies in a report on Thursday, February 9th. Wolfe Research restated an outperform rating and issued a $45.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 22nd. Finally, The Goldman Sachs Group raised their price objective on Uber Technologies from $45.00 to $47.00 and gave the company a buy rating in a research report on Wednesday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $47.19.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $31.78 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $32.30 and a 200-day moving average of $29.40. The stock has a market capitalization of $63.87 billion, a price-to-earnings ratio of -6.78 and a beta of 1.22. Uber Technologies has a fifty-two week low of $19.90 and a fifty-two week high of $37.58.

Uber Technologies (NYSE:UBER – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The ride-sharing company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.50. Uber Technologies had a negative return on equity of 114.18% and a negative net margin of 28.68%. The firm had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue was up 49.0% compared to the same quarter last year. As a group, sell-side analysts predict that Uber Technologies will post -0.26 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 4,167 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $32.00, for a total transaction of $133,344.00. Following the completion of the sale, the insider now directly owns 166,499 shares in the company, valued at approximately $5,327,968. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently bought and sold shares of UBER. McElhenny Sheffield Capital Management LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at $99,000. Parkside Financial Bank & Trust grew its position in Uber Technologies by 56.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,180 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 428 shares during the last quarter. Sonnipe Ltd acquired a new position in Uber Technologies during the fourth quarter worth about $30,000. Sandy Spring Bank lifted its holdings in shares of Uber Technologies by 36.4% in the fourth quarter. Sandy Spring Bank now owns 1,240 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 331 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in shares of Uber Technologies by 13,000.0% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,310 shares of the ride-sharing company’s stock valued at $35,000 after purchasing an additional 1,300 shares in the last quarter. 71.83% of the stock is owned by institutional investors.

Uber Technologies Company Profile

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Uber Technologies, Inc operates as a technology platform for people and things mobility. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services. It operates through the following segments: Mobility, Delivery and Freight. The Mobility segment refers to products that connect consumers with Mobility Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis.