Cantor Fitzgerald Lifts Earnings Estimates for Maplebear

Maplebear Inc. (NASDAQ:CART - Free Report) - Equities researchers at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for Maplebear in a report issued on Wednesday, February 26th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will post earnings per share of $1.52 for the year, up from their previous forecast of $1.21. Cantor Fitzgerald currently has a "Overweight" rating and a $55.00 price target on the stock. The consensus estimate for Maplebear's current full-year earnings is $1.43 per share.

Maplebear (NASDAQ:CART - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.16. The company had revenue of $883.00 million for the quarter, compared to analysts' expectations of $889.98 million. Maplebear had a net margin of 13.37% and a return on equity of 13.78%.

A number of other research firms also recently weighed in on CART. Deutsche Bank Aktiengesellschaft assumed coverage on Maplebear in a report on Tuesday, December 3rd. They issued a "hold" rating and a $37.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of Maplebear from $56.00 to $57.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Macquarie upped their target price on shares of Maplebear from $52.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. BTIG Research raised Maplebear from a "neutral" rating to a "buy" rating and set a $58.00 price target for the company in a report on Tuesday, January 14th. Finally, Oppenheimer reduced their price target on Maplebear from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $49.92.

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Maplebear Stock Performance

Shares of CART stock traded down $0.46 on Friday, reaching $38.44. The stock had a trading volume of 6,271,330 shares, compared to its average volume of 3,879,125. Maplebear has a 1 year low of $29.84 and a 1 year high of $53.44. The stock has a market cap of $9.88 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.34. The company has a 50 day simple moving average of $46.37 and a 200 day simple moving average of $42.92.

Institutional Trading of Maplebear

Institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its holdings in Maplebear by 46.6% in the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock worth $29,000 after acquiring an additional 222 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Maplebear in the 3rd quarter worth approximately $33,000. Allworth Financial LP boosted its stake in Maplebear by 101.4% in the 4th quarter. Allworth Financial LP now owns 834 shares of the company's stock worth $37,000 after purchasing an additional 420 shares in the last quarter. NewEdge Advisors LLC grew its position in Maplebear by 277.9% during the 4th quarter. NewEdge Advisors LLC now owns 975 shares of the company's stock worth $40,000 after purchasing an additional 717 shares during the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in Maplebear during the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 63.09% of the company's stock.

Insider Activity at Maplebear

In other news, CAO Alan Ramsay sold 2,247 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $42.14, for a total value of $94,688.58. Following the sale, the chief accounting officer now directly owns 87,735 shares in the company, valued at approximately $3,697,152.90. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Fidji Simo sold 20,750 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total transaction of $886,855.00. Following the transaction, the chief executive officer now owns 1,771,993 shares of the company's stock, valued at approximately $75,734,980.82. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,061 shares of company stock valued at $1,987,318 over the last ninety days. 36.00% of the stock is owned by company insiders.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.