Press coverage about Uber Technologies (NYSE:UBER) has been trending neutral this week, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Uber Technologies earned a media sentiment score of 0.15 on their scale. InfoTrie also assigned news articles about the ride-sharing company an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Uber Technologies’ analysis:
- Deadline on Dec. 3rd Coming Up in the Lawsuit for Investors in Uber Technologies, Inc (NYSE: UBER) (sbwire.com)
- Uber’s former CEO Travis Kalanick cashes in another $93 million in stock as he separates himself further from the rideshare giant (businessinsider.com)
- Stocks to Watch: Uber, Schwab, Tiffany, Walt Disney, Novartis (wsj.com)
- UBER Stock Could Keep Sliding (finance.yahoo.com)
- Junk Bonds Are a Haven in a Twitter Storm (finance.yahoo.com)
Uber Technologies stock traded down $0.02 during mid-day trading on Tuesday, hitting $28.97. The stock had a trading volume of 19,855,716 shares, compared to its average volume of 41,751,624. Uber Technologies has a one year low of $25.58 and a one year high of $47.08. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $29.92 and its 200 day moving average is $36.40.
Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.83) by $0.15. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.68 billion. Uber Technologies had a negative return on equity of 209.48% and a negative net margin of 63.57%. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. On average, sell-side analysts anticipate that Uber Technologies will post -6.84 earnings per share for the current fiscal year.
A number of research firms have commented on UBER. Raymond James set a $54.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Monday, September 30th. Loop Capital dropped their price target on Uber Technologies to $41.00 and set an “accumulate” rating on the stock in a research note on Monday, November 25th. They noted that the move was a valuation call. SunTrust Banks reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Uber Technologies in a report on Friday, November 22nd. Cowen reiterated a “buy” rating and set a $60.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 26th. Finally, Morgan Stanley reissued a “buy” rating and issued a $55.00 target price on shares of Uber Technologies in a report on Monday, November 18th. Eleven research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $48.92.
In other Uber Technologies news, Director Travis Cordell Kalanick sold 1,412,310 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $26.57, for a total transaction of $37,525,076.70. Following the sale, the director now directly owns 75,132,095 shares in the company, valued at $1,996,259,764.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi bought 250,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $26.75 per share, with a total value of $6,687,500.00. Following the acquisition, the chief executive officer now owns 1,530,939 shares in the company, valued at approximately $40,952,618.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 45,419,876 shares of company stock valued at $1,251,050,529.
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.
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