Maplebear Inc. (NASDAQ:CART) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Maplebear Inc. (NASDAQ:CART) have been assigned an average rating of “Moderate Buy” from the twenty-four research firms that are covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $56.14.

A number of analysts recently issued reports on CART shares. Weiss Ratings reissued a “hold (c)” rating on shares of Maplebear in a research report on Friday, August 7th. Benchmark upped their target price on Maplebear from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Cantor Fitzgerald raised their price target on Maplebear from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Barclays lifted their price target on Maplebear from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Guggenheim boosted their price target on Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, August 7th.

Insider Buying and Selling at Maplebear

In other news, Director Ravi Gupta sold 150,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $50.61, for a total transaction of $7,591,500.00. Following the transaction, the director owned 591,523 shares in the company, valued at approximately $29,936,979.03. This trade represents a 20.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lisa Blackwood-Kapral sold 3,017 shares of Maplebear stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $47.08, for a total transaction of $142,040.36. Following the completion of the sale, the chief accounting officer directly owned 37,715 shares of the company’s stock, valued at approximately $1,775,622.20. The trade was a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 189,797 shares of company stock worth $9,479,487 over the last ninety days. 24.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Maplebear

Several hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC acquired a new position in shares of Maplebear during the 2nd quarter valued at about $333,000. WINTON GROUP Ltd lifted its holdings in Maplebear by 368.1% in the 2nd quarter. WINTON GROUP Ltd now owns 136,409 shares of the company’s stock worth $6,459,000 after purchasing an additional 107,271 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in Maplebear by 13.9% in the 2nd quarter. Engineers Gate Manager LP now owns 53,353 shares of the company’s stock worth $2,526,000 after purchasing an additional 6,509 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Maplebear during the second quarter worth approximately $70,000. Finally, Nykredit A S bought a new stake in Maplebear during the second quarter worth approximately $330,000. 63.09% of the stock is owned by institutional investors and hedge funds.

Maplebear Stock Performance

NASDAQ CART opened at $43.26 on Friday. The firm’s 50 day moving average price is $47.64 and its two-hundred day moving average price is $43.77. Maplebear has a twelve month low of $32.73 and a twelve month high of $52.68. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.86 and a beta of 0.80.

Maplebear (NASDAQ:CART) last released its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.09). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Maplebear had a net margin of 11.97% and a return on equity of 20.19%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. On average, research analysts forecast that Maplebear will post 2.33 EPS for the current fiscal year.

More Maplebear News

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: Expanded delivery network: Maplebear is expanding same-day delivery to approximately 20,000 stores, potentially increasing order volume, customer reach and marketplace revenue. Maplebear Expands Same Day Delivery To 20,000 Stores
• Positive Sentiment: Dollar General partnership: Instacart and Dollar General announced same-day delivery of everyday essentials through the Instacart app and website. The agreement broadens Maplebear’s retail presence beyond traditional grocery and could support transaction growth. Instacart and Dollar General Partner to Deliver Everyday Essentials
• Positive Sentiment: Additional AI distribution channel: Instacart has partnered with Meta’s AI shopping agent, Muse. The relationship could help expose Instacart’s fulfillment network to more shoppers and preserve its role in AI-enabled commerce. Instacart Adds Another AI Partner to the List: Meta’s Muse
• Neutral Sentiment: Short-interest data: A report listed short interest at zero shares and a zero-day days-to-cover ratio. If accurate, this indicates limited reported short positioning, but the figure appears unusual and may have limited usefulness for assessing near-term trading pressure.
• Negative Sentiment: AI competition concerns: Meta’s Muse is raising questions about whether AI shopping agents could eventually reduce consumers’ reliance on Instacart’s app and weaken its position as the customer interface for online grocery orders. Meta’s Muse Puts Instacart’s Grocery Empire on Notice
• Negative Sentiment: Insider selling: Morgan Fong sold 18,390 shares worth approximately $827,000, reducing the position by 3.35%. The sale occurred under a pre-arranged Rule 10b5-1 plan, making it a relatively weak bearish signal, but it may still add modest selling-pressure concerns. Maplebear Insider Sale SEC Filing

About Maplebear

Maplebear Inc, doing business as Instacart, operates an online grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can browse products from participating grocery stores, place orders for delivery or pickup, and receive updates throughout the shopping and fulfillment process.

The company provides retailers with technology and services supporting e-commerce, fulfillment, customer engagement and digital advertising.