Needham slashes price target on Uber Technologies Inc. [UBER] – find out why.

Uber Technologies Inc. [NYSE: UBER] stock went on a downward path that fall over -4.21% on Monday, amounting to a one-week price decrease of less than -2.21%. The company report on March 5, 2021 that Uber Senior Vice President to Participate in Fireside Chat at Truist Technology, Internet, and Services Summit.

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Uber Technologies, Inc. (NYSE: UBER) announced that Andrew Macdonald, Senior Vice President and head of its Mobility segment, will participate in a fireside chat at the Truist Technology, Internet, and Services Summit on Wednesday, March 10, 2021. Mr. Macdonald is scheduled to appear at 10:30 am ET (7:30 am PT).

A live webcast of the event will be available on the investor relations section of the Uber website at http://investor.uber.com.

Over the last 12 months, UBER stock rose by 67.93%. The one-year Uber Technologies Inc. stock forecast points to a potential upside of 21.86. The average equity rating for UBER stock is currently 1.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $94.47 billion, with 1.79 billion shares outstanding and 1.60 billion shares in the current float. Compared to the average trading volume of 22.14M shares, UBER stock reached a trading volume of 19821955 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Uber Technologies Inc. [UBER]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UBER shares is $68.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UBER stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Uber Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 11, 2021. The new note on the price target was released on August 21, 2020, representing the official price target for Uber Technologies Inc. stock.

The Average True Range (ATR) for Uber Technologies Inc. is set at 3.10, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 8.48. The Price to Book ratio for the last quarter was 7.78, with the Price to Cash per share for the same quarter was set at 3.84.

UBER Stock Performance Analysis:

Uber Technologies Inc. [UBER] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.21. With this latest performance, UBER shares dropped by -8.04% in over the last four-week period, additionally plugging by 59.23% over the last 6 months – not to mention a rise of 67.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UBER stock in for the last two-week period is set at 44.80, with the RSI for the last a single of trading hit 42.70, and the three-weeks RSI is set at 46.88 for Uber Technologies Inc. [UBER]. The present Moving Average for the last 50 days of trading for this stock 55.34, while it was recorded at 54.51 for the last single week of trading, and 41.89 for the last 200 days.

Insight into Uber Technologies Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Uber Technologies Inc. [UBER] shares currently have an operating margin of -38.82 and a Gross Margin at +35.38. Uber Technologies Inc.’s Net Margin is presently recorded at -60.76.

Return on Total Capital for UBER is now -18.40, given the latest momentum, and Return on Invested Capital for the company is -31.40. Return on Equity for this stock declined to -51.16, with Return on Assets sitting at -20.82. When it comes to the capital structure of this company, Uber Technologies Inc. [UBER] has a Total Debt to Total Equity ratio set at 84.58. Additionally, UBER Total Debt to Total Capital is recorded at 45.82, with Total Debt to Total Assets ending up at 31.20. Long-Term Debt to Equity for the company is recorded at 76.18, with the Long-Term Debt to Total Capital now at 41.27.

Reflecting on the efficiency of the workforce at the company, Uber Technologies Inc. [UBER] managed to generate an average of -$296,842 per employee. Receivables Turnover for the company is 7.01 with a Total Asset Turnover recorded at a value of 0.34.Uber Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

UBER Stock EPS

With the latest financial reports released by the company, Uber Technologies Inc. posted -1.7/share EPS, while the average EPS was predicted by analysts to be reported at -0.88/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -93.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UBER. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Uber Technologies Inc. go to 65.50%.

Uber Technologies Inc. [UBER] Insider Position Details

There are presently around $73,307 million, or 76.40% of UBER stock, in the hands of institutional investors. The top three institutional holders of UBER stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 222,228,178, which is approximately 0% of the company’s market cap and around 0.10% of the total institutional ownership; MORGAN STANLEY, holding 122,006,738 shares of the stock with an approximate value of $6.49 billion in UBER stocks shares; and FMR LLC, currently with $4.38 billion in UBER stock with ownership of nearly -1.312% of the company’s market capitalization.

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Positions in Uber Technologies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 659 institutional holders increased their position in Uber Technologies Inc. [NYSE:UBER] by around 222,013,418 shares. Additionally, 334 investors decreased positions by around 108,861,739 shares, while 111 investors held positions by with 1,047,068,916 shares. The mentioned changes placed institutional holdings at 1,377,944,073 shares, according to the latest SEC report filing. UBER stock had 295 new institutional investments in for a total of 59,791,249 shares, while 80 institutional investors sold positions of 26,008,440 shares during the same period.

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