Grab Holdings Limited (NASDAQ:GRAB) Given Average Rating of “Moderate Buy” by Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $6.3714.

GRAB has been the topic of several research analyst reports. Barclays raised their price target on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $7.00 target price on shares of Grab in a report on Tuesday, November 4th. Mizuho set a $7.00 price target on Grab in a report on Tuesday, November 4th. HSBC reissued a “hold” rating and issued a $6.20 price objective on shares of Grab in a research report on Wednesday, September 17th. Finally, Benchmark boosted their target price on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th.

Grab Price Performance

Shares of Grab stock opened at $5.45 on Monday. The firm has a fifty day simple moving average of $5.80 and a 200-day simple moving average of $5.32. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Grab has a 1-year low of $3.36 and a 1-year high of $6.62. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 136.28 and a beta of 0.89.

Grab (NASDAQ:GRAB) last posted 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 firm 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. On average, sell-side analysts expect that Grab will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Grab

Several hedge funds have recently made changes to their positions in GRAB. Centaurus Financial Inc. bought a new position in Grab during the third quarter valued at about $87,000. Danske Bank A S bought a new stake in shares of Grab in the 3rd quarter worth approximately $6,682,000. Advisory Services Network LLC acquired a new stake in shares of Grab during the 3rd quarter worth approximately $38,000. NewEdge Advisors LLC increased its position in shares of Grab by 169.7% during the third quarter. NewEdge Advisors LLC now owns 181,359 shares of the company’s stock valued at $1,092,000 after purchasing an additional 114,105 shares during the period. Finally, Adalta Capital Management LLC raised its stake in shares of Grab by 2.2% in the third quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock valued at $607,000 after purchasing an additional 2,200 shares in the last quarter. 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.