Barclays Keeps Their Hold Rating on HelloFresh SE (HFG)

In a report released today, Andrew Ross from Barclays maintained a Hold rating on HelloFresh SE, with a price target of €4.40.

Claim 55% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Ross covers the Consumer Cyclical sector, focusing on stocks such as Delivery Hero SE, HelloFresh SE, and AUTO1 Group SE. According to TipRanks, Ross has an average return of 3.4% and a 49.46% success rate on recommended stocks.

In addition to Barclays, HelloFresh SE also received a Hold from UBS’s Joseph Barnet-Lamb in a report issued on May 8. However, on May 7, Berenberg Bank maintained a Buy rating on HelloFresh SE (XETRA: HFG).

Based on HelloFresh SE’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €1.68 billion and a GAAP net loss of €55.5 million. In comparison, last year the company earned a revenue of €1.93 billion and had a GAAP net loss of €123.8 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.