Grab (NASDAQ:GRAB) Rating Lowered to Sell at Wall Street Zen

Grab (NASDAQ:GRAB) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also issued reports about the company. Jefferies Financial Group reiterated a “buy” rating and set a $7.00 price objective on shares of Grab in a research note on Tuesday, November 4th. Hsbc Global Res cut 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 target on shares of Grab in a report on Tuesday, November 4th. Benchmark boosted their price target on shares of Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.39.

Grab Stock Down 1.2%

Shares of GRAB opened at $5.56 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $5.85 and a two-hundred day moving average price of $5.27. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 139.03 and a beta of 0.88. Grab has a 12 month low of $3.36 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last issued its earnings results 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 company had revenue of $873.00 million during the quarter, compared to analyst estimates of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. Grab has set its FY 2025 guidance at EPS. Equities analysts predict that Grab will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Grab

A number of hedge funds have recently added to or reduced their stakes in GRAB. Savant Capital LLC raised its stake in shares of Grab by 19.3% in the third quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after acquiring an additional 1,957 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Grab by 6.4% during the third quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock valued at $200,000 after purchasing an additional 2,007 shares during the last quarter. Centurion Wealth Management LLC increased its holdings in shares of Grab by 4.4% in the third quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock valued at $294,000 after purchasing an additional 2,049 shares in the last quarter. Pitcairn Co. raised its position in Grab by 11.0% in the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Leibman Financial Services Inc. lifted its holdings in Grab by 1.0% during the 3rd quarter. Leibman Financial Services Inc. now owns 223,884 shares of the company’s stock worth $1,348,000 after buying an additional 2,141 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Company Profile

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.