Grab (NASDAQ:GRAB) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Key Points

• Grab missed earnings expectations, reporting ($0.01) EPS versus the $0.03 consensus (a $0.04 miss); shares traded down to $3.62 on heavy volume following the release.
• The stock is priced for growth with a market cap of $14.83 billion, a high P/E of 120.71 and PEG of 0.90, while the company shows healthy liquidity (current ratio 1.75, quick ratio 1.73) and low leverage (debt/equity 0.06).
• Analysts are mixed but generally positive — consensus rating is Moderate Buy with a $6.56 target — even as insiders have sold roughly 552,819 shares in the past 90 days (insiders own 3.6% of the company).

Grab (NASDAQ:GRAB - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04), Zacks reports. Grab had a net margin of 7.92% and a return on equity of 4.09%.

Grab Price Performance

Shares of NASDAQ:GRAB traded down $0.05 during mid-day trading on Monday, reaching $3.62. The stock had a trading volume of 68,959,316 shares, compared to its average volume of 51,039,359. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. The company has a market cap of $14.83 billion, a P/E ratio of 120.71, a price-to-earnings-growth ratio of 0.90 and a beta of 0.93. Grab has a 1 year low of $3.48 and a 1 year high of $6.62. The business's 50 day moving average price is $3.87 and its 200 day moving average price is $4.65.

Wall Street Analysts Forecast Growth

GRAB has been the topic of several research analyst reports. HSBC upgraded Grab from a "hold" rating to a "buy" rating and set a $6.20 price objective on the stock in a research report on Friday, January 16th. Benchmark reiterated a "buy" rating on shares of Grab in a research report on Thursday, February 12th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $5.80 target price on shares of Grab in a research report on Monday, January 26th. Weiss Ratings downgraded Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. decreased their target price on Grab from $6.10 to $5.90 and set an "overweight" rating on the stock in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Grab currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.56.

Insider Buying and Selling at Grab

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $4.00, for a total transaction of $80,000.00. Following the sale, the insider directly owned 4,125,430 shares in the company, valued at $16,501,720. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.92, for a total value of $196,000.00. Following the sale, the chief financial officer owned 7,050,165 shares in the company, valued at approximately $27,636,646.80. This trade represents a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 552,819 shares of company stock valued at $2,056,657. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Grab

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock valued at $30,000 after purchasing an additional 4,601 shares during the period. Advocate Investing Services LLC purchased a new stake in Grab during the fourth quarter valued at approximately $35,000. Sunbelt Securities Inc. raised its position in Grab by 624.7% during the fourth quarter. Sunbelt Securities Inc. now owns 7,522 shares of the company's stock valued at $38,000 after purchasing an additional 6,484 shares during the period. Advisory Services Network LLC purchased a new stake in Grab during the third quarter valued at approximately $38,000. Finally, Steward Partners Investment Advisory LLC raised its position in Grab by 128.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company's stock valued at $38,000 after purchasing an additional 4,225 shares during the period. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

About Grab

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing "super app" across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.

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