Weiss Ratings Reiterates Hold (C-) Rating for Grab (NASDAQ:GRAB)

Key Points

• Weiss Ratings has reaffirmed a Hold (C-) rating for Grab (NASDAQ:GRAB), indicating a cautious outlook on the stock.
• HSBC Global Research has reduced its rating on Grab from Strong-Buy to Hold, setting a price target of $6.20 for the stock.
• Grab reported a net revenue of $819 million for the last quarter, meeting analyst expectations, with a consensus EPS estimate of $0.01.

Grab (NASDAQ:GRAB - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on GRAB. Hsbc Global Res cut shares of Grab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. HSBC restated a "hold" rating and issued a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $5.90.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $6.36 on Wednesday. The company has a market cap of $25.61 billion, a price-to-earnings ratio of 159.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. The firm has a 50 day simple moving average of $5.48 and a 200 day simple moving average of $5.00. Grab has a one year low of $3.36 and a one year high of $6.62.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The business had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. Research analysts predict that Grab will post 0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grab

Large investors have recently modified their holdings of the company. AlphaCore Capital LLC acquired a new stake in shares of Grab during the second quarter worth $33,000. Garde Capital Inc. acquired a new stake in shares of Grab during the first quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its position in shares of Grab by 51.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company's stock worth $39,000 after buying an additional 2,634 shares during the period. Summit Securities Group LLC increased its position in shares of Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock worth $37,000 after buying an additional 3,199 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Grab during the first quarter worth $45,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.

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