Grab (NASDAQ:GRAB) Coverage Initiated at Mizuho

Equities researchers at Mizuho initiated coverage on shares of Grab (NASDAQ:GRAB) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $5.00 price target on the stock. Mizuho’s price target would suggest a potential upside of 40.85% from the stock’s current price.

Several other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Grab in a report on Friday, May 17th. They set a “buy” rating and a $4.50 price target on the stock. Benchmark restated a “buy” rating and set a $6.00 price target on shares of Grab in a report on Thursday, May 16th. HSBC restated a “buy” rating and set a $4.30 price target on shares of Grab in a report on Thursday, April 4th. Finally, Barclays increased their target price on Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $5.06.

Grab Stock Up 0.3 %

NASDAQ GRAB opened at $3.55 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.22 and a current ratio of 3.26. The company has a market capitalization of $13.93 billion, a P/E ratio of -50.71 and a beta of 0.82. Grab has a one year low of $2.90 and a one year high of $3.92. The stock has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.35.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. The company had revenue of $653.00 million for the quarter, compared to analysts’ expectations of $662.48 million. As a group, equities analysts predict that Grab will post -0.01 EPS for the current fiscal year.

Institutional Trading of Grab

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PFG Investments LLC bought a new position in shares of Grab during the 1st quarter worth $31,000. Miracle Mile Advisors LLC bought a new position in shares of Grab during the 1st quarter worth $32,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Grab during the 1st quarter worth $32,000. Callan Capital LLC bought a new position in shares of Grab during the 1st quarter worth $34,000. Finally, Optas LLC bought a new position in shares of Grab during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

About Grab

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.