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Jefferies Sticks to Its Buy Rating for HelloFresh SE (HFG)

Tipranks - Thu May 7, 7:40AM CDT

Jefferies analyst Giles Thorne maintained a Buy rating on HelloFresh SE today and set a price target of €8.35.

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Thorne covers the Consumer Cyclical sector, focusing on stocks such as Delivery Hero SE, HelloFresh SE, and AUTO1 Group SE. According to TipRanks, Thorne has an average return of -1.0% and a 39.90% success rate on recommended stocks.

In addition to Jefferies, HelloFresh SE also received a Buy from UBS’s Joseph Barnet-Lamb in a report issued today. However, on the same day, Barclays maintained a Hold rating on HelloFresh SE (XETRA: HFG).

Based on HelloFresh SE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €1.55 billion and a net profit of €67.1 million. In comparison, last year the company earned a revenue of €1.81 billion and had a GAAP net loss of €28.2 million

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HFG in relation to earlier this year.

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