Grab (NASDAQ:GRAB) Lowered to “Sell” Rating by Wall Street Zen

Grab (NASDAQ:GRAB) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other research analysts have also issued research reports about the stock. Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Mizuho set a $7.00 price objective on Grab in a research note on Tuesday. HSBC restated a “hold” rating and set a $6.20 target price on shares of Grab in a research report on Wednesday, September 17th. Benchmark upped their price target on Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $7.00 price objective on shares of Grab in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Grab has an average rating of “Moderate Buy” and an average target price of $6.39.

Grab Stock Performance

GRAB stock traded down $0.07 during midday trading on Friday, hitting $5.56. The stock had a trading volume of 85,413,150 shares, compared to its average volume of 51,214,852. Grab has a 52 week low of $3.36 and a 52 week high of $6.62. The company has a current ratio of 1.83, a quick ratio of 1.87 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $5.85 and a 200 day simple moving average of $5.26. The firm has a market capitalization of $22.39 billion, a price-to-earnings ratio of 139.03 and a beta of 0.88.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $873.00 million during the quarter, compared to analyst estimates of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. Grab has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Grab will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GRAB. AlphaCore Capital LLC acquired a new position in Grab during the 2nd quarter worth about $33,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Grab by 51.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock worth $39,000 after acquiring an additional 2,634 shares during the last quarter. Summit Securities Group LLC lifted 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 purchasing an additional 3,199 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Grab during the first quarter worth approximately $45,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Grab during the second quarter valued at approximately $50,000. 55.52% of the stock is owned by institutional investors.

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.