Maplebear Inc. (NASDAQ:CART - Free Report) - Investment analysts at Seaport Res Ptn issued their FY2024 earnings estimates for Maplebear in a research note issued on Wednesday, February 12th. Seaport Res Ptn analyst A. Kessler forecasts that the company will post earnings per share of $1.47 for the year. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for Maplebear's current full-year earnings is $1.43 per share. Seaport Res Ptn also issued estimates for Maplebear's Q4 2024 earnings at $0.40 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.42 EPS, FY2025 earnings at $1.55 EPS and FY2026 earnings at $1.79 EPS.
A number of other research analysts have also recently weighed in on CART. Loop Capital raised their price objective on shares of Maplebear from $49.00 to $56.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Barclays raised their price objective on shares of Maplebear from $48.00 to $56.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Macquarie raised their price objective on shares of Maplebear from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Needham & Company LLC raised shares of Maplebear from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research note on Monday, January 13th. Finally, BMO Capital Markets raised their price objective on shares of Maplebear from $39.00 to $48.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 13th. Thirteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.96.
View Our Latest Research Report on CART
Maplebear Price Performance
Maplebear stock traded down $0.62 during mid-day trading on Friday, reaching $50.35. The company had a trading volume of 4,655,859 shares, compared to its average volume of 4,009,121. The stock's 50-day simple moving average is $45.55 and its 200-day simple moving average is $41.99. Maplebear has a 1 year low of $26.82 and a 1 year high of $51.50. The company has a market capitalization of $12.93 billion, a P/E ratio of 33.79, a P/E/G ratio of 1.09 and a beta of 1.07.
Insider Transactions at Maplebear
In other news, CAO Alan Ramsay sold 2,314 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $46.28, for a total value of $107,091.92. Following the completion of the sale, the chief accounting officer now owns 85,421 shares of the company's stock, valued at approximately $3,953,283.88. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Fidji Simo sold 20,750 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $42.74, for a total transaction of $886,855.00. Following the completion of the sale, the chief executive officer now directly owns 1,771,993 shares of the company's stock, valued at $75,734,980.82. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,555 shares of company stock valued at $2,164,787. Insiders own 36.00% of the company's stock.
Institutional Investors Weigh In On Maplebear
A number of institutional investors have recently modified their holdings of CART. Victory Capital Management Inc. grew its position in shares of Maplebear by 11,501.2% during the 4th quarter. Victory Capital Management Inc. now owns 4,526,673 shares of the company's stock valued at $187,495,000 after buying an additional 4,487,654 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Maplebear during the 3rd quarter valued at about $158,701,000. Boston Partners bought a new stake in shares of Maplebear during the 4th quarter valued at about $111,506,000. Altimeter Capital Management LP bought a new stake in shares of Maplebear during the 4th quarter valued at about $105,108,000. Finally, Vanguard Group Inc. grew its position in shares of Maplebear by 16.8% during the 4th quarter. Vanguard Group Inc. now owns 15,968,358 shares of the company's stock valued at $661,409,000 after buying an additional 2,300,288 shares during the last quarter. Institutional investors own 63.09% of the company's stock.
About Maplebear
(
Get Free Report)
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.
Featured Articles
Before you consider Maplebear, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Maplebear wasn't on the list.
While Maplebear currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
