Cantor Fitzgerald Cuts Earnings Estimates for Maplebear

Maplebear Inc. (NASDAQ:CART - Free Report) - Stock analysts at Cantor Fitzgerald dropped their FY2025 earnings per share estimates for Maplebear in a research report issued to clients and investors on Monday, April 28th. Cantor Fitzgerald analyst D. Mathivanan now expects that the company will post earnings per share of $1.43 for the year, down from their prior forecast of $1.52. Cantor Fitzgerald 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). Maplebear had a return on equity of 13.78% and a net margin of 13.37%. The business had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.86 million. During the same period last year, the firm earned $0.43 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis.

A number of other equities research analysts have also recently commented on the company. Wedbush decreased their price objective on Maplebear from $48.00 to $46.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. BTIG Research upgraded Maplebear from a "neutral" rating to a "buy" rating and set a $58.00 target price for the company in a research report on Tuesday, January 14th. JMP Securities reiterated a "market outperform" rating and issued a $55.00 price target on shares of Maplebear in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of Maplebear from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their target price on shares of Maplebear from $47.00 to $44.00 and set an "equal weight" rating on the stock in a report on Thursday, April 3rd. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.61.

Maplebear Price Performance

Shares of Maplebear stock traded up $5.42 on Wednesday, hitting $45.22. 12,363,136 shares of the company's stock traded hands, compared to its average volume of 4,115,105. The firm's 50-day moving average price is $40.10 and its two-hundred day moving average price is $43.46. The stock has a market capitalization of $11.87 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. Maplebear has a one year low of $29.84 and a one year high of $53.44.

Insider Activity

In other Maplebear news, General Counsel Morgan Fong sold 5,249 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $42.57, for a total transaction of $223,449.93. Following the transaction, the general counsel now owns 484,292 shares of the company's stock, valued at $20,616,310.44. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Fidji Simo sold 20,750 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $43.31, for a total value of $898,682.50. Following the sale, the chief executive officer now owns 1,662,692 shares in the company, valued at approximately $72,011,190.52. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,165 shares of company stock worth $1,541,785 over the last ninety days. Insiders own 26.00% of the company's stock.

Institutional Trading of Maplebear

Several institutional investors and hedge funds have recently added to or reduced their stakes in CART. Proathlete Wealth Management LLC acquired a new position in shares of Maplebear during the 1st quarter worth about $26,000. Jones Financial Companies Lllp grew its holdings in Maplebear by 46.6% during the fourth quarter. Jones Financial Companies Lllp now owns 698 shares of the company's stock worth $29,000 after purchasing an additional 222 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Maplebear during the third quarter worth approximately $33,000. Allworth Financial LP raised its stake in Maplebear by 101.4% in the fourth quarter. Allworth Financial LP now owns 834 shares of the company's stock valued at $37,000 after buying an additional 420 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Maplebear by 277.9% in the fourth quarter. NewEdge Advisors LLC now owns 975 shares of the company's stock valued at $40,000 after buying an additional 717 shares during the last quarter. 63.09% of the stock is owned by institutional investors.

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.