Argus assumed coverage on shares of Uber Technologies (NYSE:UBER) in a research report report published on Thursday morning, The Fly reports. The firm issued a hold rating on the ride-sharing company’s stock. The analysts noted that the move was a valuation call.

Several other equities research analysts have also recently commented on the company. Raymond James boosted their target price on Uber Technologies from $50.00 to $54.00 and gave the company an outperform rating in a research note on Friday, August 9th. Mizuho started coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued a buy rating and a $50.00 target price on the stock. Stifel Nicolaus started coverage on Uber Technologies in a research note on Tuesday, July 2nd. They issued a hold rating and a $50.00 target price on the stock. Cross Research started coverage on Uber Technologies in a research note on Tuesday, May 28th. They issued a hold rating on the stock. Finally, CIBC started coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued an outperform rating and a $55.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Uber Technologies presently has a consensus rating of Buy and an average target price of $53.50.

NYSE UBER traded down $0.83 during trading on Thursday, hitting $33.24. The stock had a trading volume of 354,867 shares, compared to its average volume of 9,233,832. The company has a 50-day moving average price of $36.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.57 and a current ratio of 2.57. Uber Technologies has a 12 month low of $30.67 and a 12 month high of $47.08.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.33) by ($1.39). The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.39 billion. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned ($2.01) EPS. On average, equities research analysts forecast that Uber Technologies will post -7.2 EPS for the current year.

Several large investors have recently bought and sold shares of UBER. Legacy Advisors LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $26,000. Avestar Capital LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Signaturefd LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $31,000. Finally, Regal Wealth Group Inc. acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $32,000. 45.32% of the stock is currently owned by hedge funds and other institutional investors.

About Uber Technologies

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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Analyst Recommendations for Uber Technologies (NYSE:UBER)

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