Uber Technologies (NYSE:UBER) Trading Down 2.9% – What’s Next?
by Renee Jackson · The Cerbat GemUber Technologies, Inc. (NYSE:UBER – Get Free Report)’s stock price fell 2.9% during trading on Thursday . The company traded as low as $76.30 and last traded at $76.8660. 26,835,470 shares changed hands during trading, an increase of 41% from the average session volume of 19,067,854 shares. The stock had previously closed at $79.17.
More Uber Technologies News
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Q1 beat and bullish near‑term outlook — Uber reported adjusted EPS of $0.72, gross bookings of $53.7B and raised its June‑quarter bookings guide above Street estimates, which supports near‑term growth expectations. Reuters: Uber forecasts strong second-quarter bookings
- Positive Sentiment: Analyst target upgrades — multiple firms have raised price targets or reiterated Buy/Overweight ratings after the print (JPMorgan raised its PT to $110; Needham, DA Davidson and others remain bullish), signaling continued sell‑side confidence in upside. Benzinga: Analyst coverage summary
- Positive Sentiment: New partnerships and platform expansion — Uber announced nationwide Ulta Beauty delivery and expanded grocery and travel integrations (hotel/Vrbo bookings, travel concierge moves) that diversify revenue and deepen consumer engagement. Business Wire: Ulta partnership MarketBeat: product showcase
- Neutral Sentiment: Long‑term robotaxi and EV tie‑ups remain strategic but uncertain — orders and partner moves (e.g., Rivian-related robotaxi plans) support a long‑term growth story but are not immediate revenue drivers. Fool: Rivian robotaxi order
- Neutral Sentiment: AI adoption and efficiency messaging — management highlighted AI productivity gains and slower hiring; positive for margins but timing/impact remain under observation. Business Insider: AI and hiring
- Negative Sentiment: Revenue slightly missed estimates and geopolitical drag — Q1 revenue was a touch below forecasts and management flagged roughly a 60‑bp drag from Middle East conflict, a near‑term growth headwind. FT: Middle East impact
- Negative Sentiment: Mixed Street reaction / profit‑taking — some firms (e.g., Goldman) cut targets or expressed caution while others hiked them, leaving investors with a split view that can drive volatility and prompted recent profit‑taking. 247wallst: Wall Street splits
Wall Street Analyst Weigh In
Several research analysts recently issued reports on UBER shares. Weiss Ratings lowered shares of Uber Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. BTIG Research reaffirmed a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, March 17th. UBS Group dropped their target price on Uber Technologies from $111.00 to $110.00 and set a “buy” rating for the company in a report on Friday, May 1st. Mizuho decreased their price target on Uber Technologies from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $125.00 price target on shares of Uber Technologies in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.40.
Get Our Latest Stock Report on Uber Technologies
Uber Technologies Stock Down 2.9%
The firm’s 50-day moving average is $74.06 and its two-hundred day moving average is $80.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $157.03 billion, a P/E ratio of 16.32, a PEG ratio of 6.72 and a beta of 1.16.
Uber Technologies (NYSE:UBER – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The business had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 3.32 earnings per share for the current year.
Insider Transactions at Uber Technologies
In other Uber Technologies news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were bought at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $74.45, for a total value of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.81% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies during the third quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies during the fourth quarter worth about $25,000. Osbon Capital Management LLC bought a new position in shares of Uber Technologies during the fourth quarter worth about $25,000. Imprint Wealth LLC bought a new position in shares of Uber Technologies during the third quarter worth about $32,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Uber Technologies during the fourth quarter worth about $27,000. 80.24% of the stock is currently owned by institutional investors.
About Uber Technologies
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.