Uber Technologies Inc. (NYSE: UBER) is 5.71% higher on its value in year-to-date trading and has touched a low of $13.71 and a high of $64.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UBER stock was last observed hovering at around $56.00 in the last trading session, with the day’s loss setting it -2.09% off its average median price target of $72.00 for the next 12 months. It is also 32.61% off the consensus price target high of $80.00 offered by 40 analysts, but current levels are -285.07% lower than the price target low of $14.00 for the same period.
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Currently trading at $53.91, the stock is -5.32% and -1.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.55 million and changing -3.73% at the moment leaves the stock 31.64% off its SMA200. UBER registered 50.21% gain for a year compared to 6-month gain of 73.68%. The firm has a 50-day simple moving average (SMA 50) of $56.44 and a 200-day simple moving average (SMA200) of $44.72.
The stock witnessed a -0.70% loss in the last 1 month and extending the period to 3 months gives it a 11.32%, and is -11.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.99% over the week and 4.38% over the month.
Uber Technologies Inc. (UBER) has around 26900 employees, a market worth around $100.85B and $12.08B in sales. Profit margin for the company is -57.70%. Distance from 52-week low is 293.22% and -15.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-40.40%).
Uber Technologies Inc. (UBER) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Uber Technologies Inc. (UBER) is a “Overweight”. 40 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 3 think it is a “Overweight”. 29 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Uber Technologies Inc. is expected to release its quarterly report on 06/03/2021 and quarterly earnings per share for the current quarter are estimated at -$0.54 with sales reaching $3.25B over the same period.The EPS is expected to grow by 59.80% this year, but quarterly earnings will post 45.50% year-over-year. Quarterly sales are estimated to shrink -8.20% in year-over-year returns.
Uber Technologies Inc. (UBER) Top Institutional Holders
1,082 institutions hold shares in Uber Technologies Inc. (UBER), with 35.18M shares held by insiders accounting for 1.96% while institutional investors hold 76.39% of the company’s shares. The shares outstanding are 1.76B, and float is at 1.53B with Short Float at 3.67%. Institutions hold 74.89% of the Float.
The top institutional shareholder in the company is SB Investment Advisers (UK) LTD with over 222.23 million shares valued at $11.33 billion. The investor’s holdings represent 12.60% of the UBER Shares outstanding. As of Dec 30, 2020, the second largest holder is Morgan Stanley with 122.01 million shares valued at $6.22 billion to account for 6.92% of the shares outstanding. The other top investors are FMR, LLC which holds 82.26 million shares representing 4.66% and valued at over $4.2 billion, while Public Investment Fund holds 4.13% of the shares totaling 72.84 million with a market value of $3.71 billion.
Uber Technologies Inc. (UBER) Insider Activity
A total of 102 insider transactions have happened at Uber Technologies Inc. (UBER) in the last six months, with sales accounting for 83 and purchases happening 19 times. The most recent transaction is an insider sale by Hazelbaker Jill. SEC filings show that Hazelbaker Jill sold 20,756 shares of the company’s common stock on Feb 12 at a price of $60.12 per share for a total of $1.25 million. Following the sale, the insider now owns 0.13 million shares.
Uber Technologies Inc. disclosed in a document filed with the SEC on Jan 15 that West Tony sold a total of 40,000 shares of the company’s common stock. The trade occurred on Jan 15 and was made at $56.79 per share for $2.27 million. Following the transaction, the insider now directly holds 0.19 million shares of the UBER stock.
Still, SEC filings show that on Jan 12, KHOSROWSHAHI DARA (Chief Executive Officer) disposed off 84,918 shares at an average price of $55.43 for $4.71 million. The insider now directly holds 913,505 shares of Uber Technologies Inc. (UBER).