Brokerages Set Grab Holdings Limited (NASDAQ:GRAB) Price Target at $5.62

Grab Holdings Limited (NASDAQ:GRAB) has received an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $5.62.

Several research analysts recently commented on the company. Evercore ISI boosted their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Mizuho boosted their price objective on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Grab in a report on Thursday, February 20th. Finally, HSBC raised shares of Grab from a “hold” rating to a “buy” rating and dropped their price objective for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th.

Grab Trading Down 5.4 %

NASDAQ GRAB opened at $4.56 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of -228.00, a PEG ratio of 2.26 and a beta of 0.90. The firm has a 50 day simple moving average of $4.75 and a 200-day simple moving average of $4.31. Grab has a one year low of $2.98 and a one year high of $5.72.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The company had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $762.57 million. Equities research analysts anticipate that Grab will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Grab

Large investors have recently bought and sold shares of the stock. Ellevest Inc. lifted its holdings in shares of Grab by 3.3% in the 4th quarter. Ellevest Inc. now owns 82,793 shares of the company’s stock valued at $391,000 after purchasing an additional 2,636 shares during the last quarter. Empowered Funds LLC increased its position in Grab by 7.7% during the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after buying an additional 3,147 shares during the period. Blue Trust Inc. lifted its stake in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares during the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of Grab by 13.9% in the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock valued at $135,000 after acquiring an additional 3,500 shares during the period. Finally, Wedbush Securities Inc. grew its position in shares of Grab by 19.1% during the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company’s stock worth $103,000 after acquiring an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.