Uber Technologies Inc. (UBER): Target Price ranges from $22.50 to $58.00


Uber Technologies Inc. (NYSE:UBER) changes shares on Tuesday trading session, with a change of 4.78% or $1.49 shares. The trading starts at $31.17 and closed at $31.19 throughout the day. The trading session low price was $31.17 and day high was $32.845 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 21.96 million while its average volume is 26.07M. In other hand, the UBER market cap reached to $57.02B. While, its current target price is $40.96.

On August 4, 2020, Levandowski gets 18 months in prison for stealing Google files. According to the news reported on Reuters, A U.S. judge on Tuesday sentenced former Google engineer Anthony Levandowski to 18 months in prison for stealing a trade secret from Google related to self-driving cars months before becoming the head of Uber Technologies Inc’s rival unit.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 6.07% and up 0.49% for month. Its quarterly performance was 16.42% above, while its half year performance is down -15.18%. UBER yearly performance stood at negative -16.31% and rise 9.89% for year-to-date. Current recommendation for Uber Technologies Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. UBER EPS (TTM) for 12-month is -7.72. EPS for this year is 46.50%, while for the next year its value is -1.60. Its EPS Q/Q reached -183.10%. It has an EPS of -66.40% down for past five years and for the next five years will be up 58.70%.

Let’s take a look on the analyst recommendations on UBER for the current month and previous month. For the current month, 32 of 42 analysts recommend stock as Buy while 1 as Sell, 3 as overweight, 0 as underweight and 6 as Hold. As compared with the previous month ratings, 40 analysts participate in stock recommendation. Out of 40, 1 rated it sell, 31 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $22.50 – $58.00. Average target price for UBER was reached at $41.26.

SB Investment Advisers (UK) LTD, FMR, LLC and Morgan Stanley are the top three holders in Uber Technologies Inc. (UBER) stock. On Mar 30, 2020, SB Investment Advisers (UK) LTD has 222.23 million shares which valued 6.2 billion. On Mar 30, 2020, FMR, LLC owned 82.28 million shares which valued at 2.3 billion. On Mar 30, 2020, Morgan Stanley has a total of 78.27 million shares which valued at 2.19 billion. In the end, Morgan Stanley have 4.51% shares outstanding of Uber Technologies Inc. (UBER) on Mar 30, 2020. The insider ownership moved to 0.40% and institutional holding shifted to 64.40%.

The company posted an EPS (TTM) of -7.72. According to the most recent quarter report on (Jun 2020), 30 analysts estimated an average EPS of -0.86, while -4.72 EPS posted a year ago period. Analyst Estimated EPS for UBER published in the report was -$2.12 – -$0.54 during the same period. Comparing with last year, the average estimated EPS was -4.72 which is lower than -1.7 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for UBER rise 4.14% for period of 200 days. SMA for 50 days was -0.64% which is showing red signal, while SMA-20 was 2.10%. The moving average value for Uber Technologies Inc. (UBER) is 31.88 and 31.89 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in UBER stock. On Jul 31, West Tony, See Remarks, sold 2,000 trading shares at the cost of $30.40, which valued at 60800.0. On Jun 30, West Tony, See Remarks, sold 2,000 shares at the cost of $30.71, with total shares of 292,429. On Jun 15, ECKERT ROBERT, Director, bought 15,740 shares at the cost of 31.60. After this transaction, ECKERT ROBERT total shares reached to 15,740 which valued at 0.5 million.