Maplebear (NASDAQ:CART) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Maplebear (NASDAQ:CART) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research firms have also weighed in on CART. Benchmark lifted their price objective on shares of Maplebear from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC increased their target price on shares of Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald increased their target price on shares of Maplebear from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday. Finally, BNP Paribas Exane raised shares of Maplebear from an “underperform” rating to a “neutral” rating and set a $56.00 price target for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Maplebear currently has an average rating of “Moderate Buy” and an average target price of $55.52.

Maplebear Price Performance

NASDAQ CART opened at $50.56 on Friday. The stock has a market capitalization of $11.88 billion, a P/E ratio of 27.63, a P/E/G ratio of 0.69 and a beta of 0.78. The business has a 50 day simple moving average of $45.14 and a 200 day simple moving average of $40.98. Maplebear has a one year low of $32.73 and a one year high of $52.31.

Maplebear (NASDAQ:CART) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 20.19%. Maplebear’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Equities analysts expect that Maplebear will post 2.43 earnings per share for the current year.

Insider Activity

In related news, Director Ravi Gupta sold 181,000 shares of Maplebear stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $41.51, for a total value of $7,513,310.00. Following the completion of the sale, the director owned 741,523 shares of the company’s stock, valued at approximately $30,780,619.73. This trade represents a 19.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 24.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its position in shares of Maplebear by 35.7% during the 3rd quarter. Allworth Financial LP now owns 928 shares of the company’s stock valued at $34,000 after acquiring an additional 244 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Maplebear by 9.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the company’s stock worth $134,000 after purchasing an additional 261 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of Maplebear by 2.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,000 shares of the company’s stock worth $498,000 after purchasing an additional 273 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Maplebear by 5.0% in the third quarter. Crossmark Global Holdings Inc. now owns 6,423 shares of the company’s stock valued at $236,000 after purchasing an additional 304 shares during the last quarter. Finally, Aviva PLC lifted its stake in Maplebear by 3.9% in the fourth quarter. Aviva PLC now owns 11,279 shares of the company’s stock valued at $507,000 after purchasing an additional 424 shares during the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

Key Headlines Impacting Maplebear

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Citigroup raised its price target from $50 to $58 and upgraded CART to “Buy,” implying 14.7% upside from the referenced price. The move reflects increased confidence in Instacart’s earnings and growth outlook. Benzinga analyst update
• Positive Sentiment: Additional analysts raised their Maplebear price targets to $54, $62, $63, $65 and $77, while BNP Paribas Exane upgraded the stock. The broad pattern of upward revisions is supporting sentiment, although the targets remain widely dispersed. Maplebear price target raised to $54 Maplebear price target raised to $62 Maplebear price target raised to $63 Maplebear price target raised to $65 Maplebear price target raised to $77 Maplebear upgraded at BNP Paribas Exane
• Positive Sentiment: Instacart partnered with Academy Sports + Outdoors to offer same-day delivery—potentially within an hour—for sporting goods, outdoor equipment, apparel and private-label products, with no item markups. The deal broadens CART’s non-grocery assortment and could increase order frequency and gross transaction value. Instacart and Academy Sports plus Outdoors partnership

Maplebear Company Profile

Maplebear, Inc, doing business as Instacart, operates a leading online grocery and essentials marketplace that connects consumers, retail partners and personal shoppers through its digital platform. The company enables customers to order groceries, household items and specialty products for same-day or scheduled delivery, as well as in-store pickup. By integrating its technology with retailers’ existing inventory and point-of-sale systems, Maplebear streamlines the shopping experience and provides real-time availability and pricing.

Founded in 2012 and headquartered in San Francisco, Maplebear has grown from a regional startup to a publicly traded company listed on NASDAQ under the ticker CART.