Craig-Hallum analyst Alex Fuhrman reiterated a Buy rating on Waitr Holdings (WTRH) on August 7 and set a price target of $7.00. The company’s shares closed last Tuesday at $4.96, close to its 52-week high of $5.85.
According to TipRanks.com, Fuhrman is a 3-star analyst with an average return of 5.0% and a 38.8% success rate. Fuhrman covers the Consumer Goods sector, focusing on stocks such as The Lovesac Company, 1-800 Flowers, and GrubHub.
Currently, the analyst consensus on Waitr Holdings is a Strong Buy with an average price target of $5.95, which is a 26.9% upside from current levels. In a report issued on August 7, B.Riley FBR also reiterated a Buy rating on the stock with a $8.00 price target.
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Based on Waitr Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $44.24 million and GAAP net loss of $2.1 million. In comparison, last year the company earned revenue of $51.34 million and had a GAAP net loss of $22.96 million.
Based on the recent corporate insider activity of 16 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 WTRH in relation to earlier this year.
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Waitr Holdings, Inc. engages in an on-demand food ordering and delivery business. Its platform connects local restaurants to diners in underserved markets. The company’s mobile and desktop ordering platforms allow users to browse for local restaurants, customize menu items, and pay securely from mobile phones or computers. Waitr Holdings was founded on November 19, 2008 and is headquartered in Lafayette, LA.