Freightos (NASDAQ:CRGO) Releases Earnings Results

Freightos (NASDAQ:CRGO) announced its quarterly earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.04), Zacks reports. Freightos had a negative return on equity of 37.28% and a negative net margin of 59.46%.

Here are the key takeaways from Freightos’ conference call:

• Q1 fell short of expectations as Freightos said softer-than-expected solution sales and lower transaction activity hurt results, largely tied to volatility and disruptions in Middle East trade corridors.
• Commercial momentum is improving, with the solutions pipeline described as roughly double last year’s level and customer demand growing for benchmarking, forecasting, and procurement intelligence tools.
• The company said its carrier network reached a record 79 active carriers, and it recently added another major carrier expected to strengthen its position in APAC.
• Transaction growth lagged targets: Freightos processed 425,000 transactions, up 15% year over year but below its 20%+ goal, and management said the Q1 shortfall will not be fully recovered this year.
• Freightos is tightening execution and cutting costs, including a plan expected to deliver about $4.5 million in annualized savings beginning in Q4 2026, while still targeting adjusted EBITDA breakeven by the end of 2026.

Freightos Stock Down 4.4%

Shares of NASDAQ:CRGO opened at $1.95 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a 50 day moving average price of $1.84 and a 200-day moving average price of $2.25. The firm has a market capitalization of $100.19 million, a P/E ratio of -5.57 and a beta of 0.28. Freightos has a 52-week low of $1.17 and a 52-week high of $4.24.

Hedge Funds Weigh In On Freightos

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP bought a new position in shares of Freightos in the fourth quarter worth approximately $32,000. Citadel Advisors LLC lifted its position in shares of Freightos by 24.4% in the third quarter. Citadel Advisors LLC now owns 74,671 shares of the company’s stock valued at $246,000 after acquiring an additional 14,624 shares in the last quarter. Millennium Management LLC grew its position in shares of Freightos by 116.5% during the third quarter. Millennium Management LLC now owns 30,711 shares of the company’s stock valued at $101,000 after purchasing an additional 16,525 shares in the last quarter. Jane Street Group LLC increased its stake in Freightos by 183.8% in the 1st quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock worth $74,000 after acquiring an additional 19,938 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Freightos during the fourth quarter valued at $52,000. 22.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRGO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Freightos in a research note on Monday, April 20th. Craig Hallum restated a “buy” rating and issued a $3.00 price objective on shares of Freightos in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $3.00.

About Freightos

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.