Rivian Automotive, Inc. (NASDAQ:RIVN – Get Rating) currently receives an average ‘moderate buy’ recommendation from the 23 rating agencies covering the stock, MarketBeat Ratings reports. doing. Two research analysts rated stocks with sell recommendations, five assigned hold recommendations, and 12 assigned buy recommendations to the company. His average 12-month price target for analysts who published a report on the stock last year is 47.32.
A number of brokerage firms have recently issued reports on RIVN. Morgan Stanley has cut its price target on Rivian Automotive from his $60.00 to his $55.00, setting the company’s rating to ‘Overweight’ in its research notes on Monday, Nov. 14. Piper Sandler lowered Rivian Automotive’s price target to $63.00 from his $83.00, setting the company’s valuation at “Overweight” in a research note on Thursday, Nov. 10. Evercore ISI kicked off his Rivian Automotive coverage in a research note on Tuesday, November 29th. They issued an “inline” rating and a target price for the company of $35.00. Robert W. Baird lowered Rivian Automotive’s price target from his $51.00 to his $44.00, setting the company’s valuation to “outperform” in Tuesday’s research notes. Finally, Deutsche Bank Aktiengesellschaft lowered its price target for Rivian Automotive from $44.00 to $43.00 in a research report on Thursday, November 10th.
Rivian Auto Stock Performance
RIVN shares opened at 23.97 on Friday. Rivian Automotive has a 12-month low of 19.25 and a 12-month high of 117.00. The stock has a 50-day moving average price of 30.89 and a 200-day moving average price of 32.02. The company has a current ratio of 6.84, a quick ratio of 6.39 and a debt to equity ratio of 0.08. The company has a market capitalization of $22.08 billion and a PE ratio of -2.31.
Rivian Automotive (NASDAQ:RIVN – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The electric vehicle automaker reported -1.57 EPS for the quarter, beating the consensus forecast of -1.78 by 0.21. The company’s quarterly earnings were He 536 million, while analyst estimates He was 513.89 million. Rivian Automotive’s return on equity was 32.42% and net profit margin was 714.01%. Equity research analysts expect Rivian Automotive to post earnings per share of -7.46 for the current financial year.
Insider activity at Rivian Automotive
In related news, CFO Claire Mcdonough sold 14,235 shares of the company in a transaction on Tuesday, November 15th. The shares were sold at an average price of 34.92 and her total was 497,086.20. After the transaction, the Chief Financial Officer now directly owns 81,151 shares of the Company’s stock valued at approximately 2,833,792.92. The sale is disclosed in filings with the Securities and Exchange Commission, which are available at this link. In his other Rivian Automotive news, CAO Jeff Baker sold 1,689 shares in the company in a transaction that took place on Tuesday, November 15th. The shares were sold at an average price of 34.38 and the total amount was he 58,067.82. After the transaction, the Chief Accounting Officer now directly owns 89,331 shares of the company’s stock valued at approximately 3,071,199.78. The transaction was disclosed in filings with the Securities and Exchange Commission and is available on his website at the SEC. CFO Claire Mcdonough also sold 14,235 shares of the company in a transaction that took place on Tuesday, November 15th. The shares sold at an average price of 34.92 for a total trading value of 497,086.20. Following the closing of the transaction, the Chief Financial Officer now directly owns 81,151 shares of his company worth 2,833,792.92. Please see here for the disclosure of this sale. His 2.34% of shares are now owned by corporate insiders.
institution inflow and outflow
Institutional investors recently bought and sold shares in the business. TCTC Holdings LLC purchased his new Rivian Automotive position worth approximately $25,000 in the first quarter. Bartlett & Co. LLC raised his Rivian Automotive stake by 104.2% in the second quarter. Bartlett & Co. LLC now owns 980 shares of the electric car maker worth $25,000 after purchasing an additional 500 shares of him last quarter. Concord Wealth Partners purchased a new position in Rivian Automotive worth approximately $25,000 in the second quarter. Gould Capital LLC increased his Rivian Automotive stake by 175.4% in the third quarter. Gould Capital LLC now owns 785 shares of the electric vehicle maker worth $26,000 after purchasing an additional 500 shares last quarter. Finally, Venture Visionary Partners LLC purchased approximately $27,000 worth of new shares in Rivian Automotive in the second quarter. 62.09% of the shares are owned by hedge funds and other institutional investors.
Company Overview of Rivian Automotive
Rivian Automotive, Inc designs, develops, manufactures and markets electric vehicles and accessories. The company offers five-passenger pickup trucks and sport utility vehicles. Partnering with Amazon.com to offer his Rivian commercial vehicle platform for electric delivery vans. The company sells its products directly to customers in the consumer and commercial markets.
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