Maplebear FY2025 EPS Forecast Decreased by Cantor Fitzgerald

Maplebear Inc. (NASDAQ:CART) – Equities research analysts at Cantor Fitzgerald decreased their FY2025 earnings per share estimates for Maplebear in a note issued to 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 previous estimate 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) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $896.86 million. During the same period in the previous year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.

A number of other research analysts have also recently commented on the company. BTIG Research raised Maplebear from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Tuesday, January 14th. BMO Capital Markets increased their price objective on Maplebear from $48.00 to $49.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on Maplebear from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Oppenheimer cut their target price on Maplebear from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus decreased their price target on shares of Maplebear from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Twelve analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.48.

Maplebear Price Performance

Shares of NASDAQ:CART opened at $39.80 on Wednesday. The company’s fifty day moving average price is $40.17 and its 200-day moving average price is $43.44. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 1.19 and a beta of 1.20. Maplebear has a one year low of $29.84 and a one year high of $53.44.

Institutional Trading of Maplebear

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Proathlete Wealth Management LLC purchased a new stake in Maplebear during the 1st quarter valued at $26,000. Jones Financial Companies Lllp lifted its holdings in shares of Maplebear by 46.6% in the 4th quarter. Jones Financial Companies Lllp now owns 698 shares of the company’s stock worth $29,000 after acquiring an additional 222 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Maplebear during the third quarter valued at approximately $33,000. Allworth Financial LP boosted its holdings in Maplebear by 101.4% during the 4th quarter. Allworth Financial LP now owns 834 shares of the company’s stock valued at $37,000 after acquiring an additional 420 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Maplebear by 277.9% in the fourth quarter. NewEdge Advisors LLC now owns 975 shares of the company’s stock worth $40,000 after purchasing an additional 717 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors.

Insider Transactions at Maplebear

In other news, General Counsel Morgan Fong sold 5,249 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $42.57, for a total value of $223,449.93. Following the sale, the general counsel now directly owns 484,292 shares of the company’s stock, valued at approximately $20,616,310.44. This represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Fidji Simo sold 2,033 shares of Maplebear stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $40.00, for a total value of $81,320.00. Following the completion of the transaction, the chief executive officer now directly owns 1,654,559 shares of the company’s stock, valued at approximately $66,182,360. This represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,165 shares of company stock valued at $1,541,785. Corporate insiders own 26.00% of the company’s stock.

Maplebear Company Profile

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.