Maplebear (NASDAQ:CART) Stock Rating Lowered by Raymond James Financial

Maplebear (NASDAQ:CART) was downgraded by equities research analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a report released on Thursday, Zacks reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised Maplebear from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Guggenheim lifted their price objective on Maplebear from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Jefferies Financial Group downgraded Maplebear from a “strong-buy” rating to a “hold” rating in a research report on Friday. Citigroup increased their target price on Maplebear from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their target price on Maplebear from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, Maplebear has a consensus rating of “Hold” and an average price target of $58.33.

Maplebear Stock Down 1.2%

NASDAQ CART opened at $56.45 on Thursday. The firm has a 50-day moving average price of $49.05 and a two-hundred day moving average price of $43.31. Maplebear has a 12-month low of $32.73 and a 12-month high of $62.00. The company has a market capitalization of $13.07 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.12 and a beta of 0.87.

Maplebear (NASDAQ:CART) last announced its earnings results on Thursday, October 29th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.03). Maplebear had a return on equity of 22.50% and a net margin of 11.59%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts expect that Maplebear will post 2.31 EPS for the current year.

Insider Activity at Maplebear

In other Maplebear news, CEO Chris Rogers sold 24,665 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $60.00, for a total transaction of $1,479,900.00. Following the completion of the transaction, the chief executive officer directly owned 867,911 shares in the company, valued at $52,074,660. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Morgan Fong sold 18,390 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $51.00, for a total transaction of $937,890.00. Following the transaction, the insider owned 529,911 shares of the company’s stock, valued at approximately $27,025,461. This represents a 3.35% decrease in their ownership of the stock. 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 have sold a total of 309,928 shares of company stock worth $16,121,073 in the last 90 days. Corporate insiders own 24.00% of the company’s stock.

Hedge Funds Weigh In On Maplebear

Hedge funds and other institutional investors have recently modified their holdings of the business. NFSG Corp bought a new stake in shares of Maplebear during the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC bought a new position in Maplebear in the 3rd quarter valued at approximately $27,000. CX Institutional lifted its stake in Maplebear by 91.5% in the 3rd quarter. CX Institutional now owns 944 shares of the company’s stock valued at $41,000 after purchasing an additional 451 shares during the last quarter. Versant Capital Management Inc lifted its stake in Maplebear by 94.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,215 shares of the company’s stock valued at $58,000 after purchasing an additional 591 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in Maplebear in the second quarter valued at approximately $62,000. Institutional investors own 63.09% of the company’s stock.

Trending Headlines about Maplebear

Here are the key news stories impacting Maplebear this week:

• Positive Sentiment: DoorDash agreed to acquire Maplebear, which operates as Instacart, in a cash-and-stock transaction valued at approximately $17 billion. Maplebear shareholders are expected to receive $65 in cash, 0.3372 shares of DoorDash, or a combination subject to proration. The offer provides a potential premium if the transaction closes. Shareholder Alert: The M&A Class Action Firm Announces an Investigation of Maplebear Inc.
• Positive Sentiment: The proposed combination would unite DoorDash’s restaurant-delivery network with Instacart’s grocery platform. Management expects at least $500 million in operational efficiencies and believes greater scale could improve delivery economics and competition with Amazon and Walmart. DoorDash to acquire Instacart for $17B
• Neutral Sentiment: Maplebear’s third-quarter revenue increased 16.6% year over year to roughly $1.1 billion, while earnings rose to $0.60 per share from $0.42. However, earnings missed estimates of approximately $0.63-$0.64 per share. Maplebear Q3 Earnings Miss Estimates
• Negative Sentiment: The wide gap between CART’s trading level and the $65 offer indicates that investors doubt the transaction will close quickly or successfully. The companies expect closing in late 2027 or the first half of 2028, leaving shareholders exposed to regulatory and execution risk for as long as two years. Maplebear also suspended forward guidance and canceled its scheduled earnings call. DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
• Negative Sentiment: Antitrust scrutiny is a major concern because the deal would combine two leading U.S. delivery platforms. Worker advocates and New York City officials have criticized the transaction over possible higher prices, reduced competition and weaker worker bargaining power.
• Negative Sentiment: Several analysts downgraded Maplebear to neutral, equal weight or hold, including Barclays, Needham, Cantor Fitzgerald, Citizens JMP and Bernstein. Although some firms retained $65 price targets, the ratings signal limited confidence in upside before the merger’s outcome is clearer. Law firms have also announced investigations into whether shareholders are receiving a fair price and whether directors fulfilled their fiduciary duties.

Maplebear Company Profile

Maplebear Inc, doing business as Instacart, operates a technology-enabled grocery marketplace that connects consumers with retailers and personal shoppers. Through its website and mobile applications, customers can order groceries and other household products for delivery or pickup from participating supermarkets, specialty food stores, convenience retailers and other merchants.

The company also provides retailers with e-commerce, fulfillment and advertising solutions. Its platform supports online storefronts, order management, delivery logistics, customer engagement and data-driven marketing, allowing retail partners to offer digital shopping services and reach consumers through Instacart’s marketplace.

Founded in 2012, Maplebear serves customers across the United States and Canada.