J.P. Morgan Sticks to Their Hold Rating for HelloFresh SE (HFG)
J.P. Morgan analyst Marcus Diebel maintained a Hold rating on HelloFresh SE today and set a price target of €3.30.
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Diebel covers the Consumer Cyclical sector, focusing on stocks such as Delivery Hero SE, Prosus, and HelloFresh SE. According to TipRanks, Diebel has an average return of -2.9% and a 40.49% success rate on recommended stocks.
In a report released on May 19, Barclays also maintained a Hold rating on the stock with a €4.40 price target.
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 10 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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