Cantor Fitzgerald Forecasts Maplebear FY2025 Earnings

Maplebear Inc. (NASDAQ:CART) – Equities researchers at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Maplebear in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan anticipates that the company will post earnings of $1.21 per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $45.00 price objective on the stock. The consensus estimate for Maplebear’s current full-year earnings is $1.40 per share.

Several other brokerages have also issued reports on CART. Piper Sandler upped their price target on Maplebear from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Barclays lifted their price target on shares of Maplebear from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. BTIG Research upgraded shares of Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, January 14th. Mizuho began coverage on shares of Maplebear in a report on Tuesday, January 14th. They set an “outperform” rating and a $55.00 target price for the company. Finally, Needham & Company LLC raised Maplebear from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.96.

Maplebear Price Performance

CART stock opened at $44.61 on Wednesday. The company has a 50 day moving average price of $43.42 and a 200 day moving average price of $40.01. Maplebear has a fifty-two week low of $23.59 and a fifty-two week high of $50.01. The stock has a market capitalization of $11.46 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.05 and a beta of 1.04.

Maplebear (NASDAQ:CART) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.20. Maplebear had a net margin of 13.37% and a return on equity of 13.78%. The firm had revenue of $852.00 million for the quarter, compared to analyst estimates of $844.03 million. During the same quarter in the prior year, the firm earned ($20.86) EPS. The company’s revenue was up 11.5% on a year-over-year basis.

Institutional Trading of Maplebear

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its holdings in shares of Maplebear by 14.6% during the second quarter. American Century Companies Inc. now owns 131,707 shares of the company’s stock worth $4,233,000 after acquiring an additional 16,783 shares during the period. Amalgamated Bank boosted its stake in Maplebear by 545.2% in the 2nd quarter. Amalgamated Bank now owns 9,427 shares of the company’s stock valued at $303,000 after purchasing an additional 7,966 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in Maplebear in the 2nd quarter valued at $317,000. Canada Pension Plan Investment Board bought a new position in Maplebear during the 2nd quarter worth $7,212,000. Finally, Sei Investments Co. acquired a new stake in shares of Maplebear during the second quarter worth $825,000. Institutional investors own 63.09% of the company’s stock.

Insider Activity at Maplebear

In other news, General Counsel Morgan Fong sold 29,253 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $48.03, for a total value of $1,405,021.59. Following the completion of the sale, the general counsel now directly owns 258,406 shares of the company’s stock, valued at $12,411,240.18. This trade represents a 10.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Alan Ramsay sold 2,247 shares of Maplebear stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $41.06, for a total value of $92,261.82. Following the transaction, the chief accounting officer now owns 89,982 shares of the company’s stock, valued at $3,694,660.92. This represents a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,244 shares of company stock valued at $4,383,809. 36.00% of the stock is owned by corporate insiders.

About Maplebear

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.