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Berenberg Bank Remains a Buy on HelloFresh SE (HFG)

Tipranks - Tipranks - Tue Feb 17, 6:26AM CST

Berenberg Bank analyst Trion Reid maintained a Buy rating on HelloFresh SE today and set a price target of €14.00.

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According to TipRanks, Reid is ranked #3921 out of 12061 analysts.

In addition to Berenberg Bank, HelloFresh SE also received a Buy from Kepler Capital ‘s Sven Sauer in a report issued on February 12. However, today, Kepler Capital downgraded HelloFresh SE (XETRA: HFG) to a Hold.

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Based on HelloFresh SE’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €1.58 billion and a GAAP net loss of €49.2 million. In comparison, last year the company earned a revenue of €1.83 billion and had a GAAP net loss of €33.3 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HFG in relation to earlier this year.

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