Rivian Automotive (NASDAQ:RIVN) Price Target Lowered to $108.00 at Piper Sandler

Rivian Automotive (NASDAQ:RIVN – Get Ranking) experienced its cost objective lessened by Piper Sandler from $112.00 to $108.00 in a report launched on Thursday, The Fly reviews.

Various other analysts also not long ago weighed in on the stock. Barclays reduce their price tag aim on shares of Rivian Automotive from $42.00 to $38.00 and established an “equal weight” rating on the stock in a analysis report on Tuesday, April 26th. Exane BNP Paribas started protection on shares of Rivian Automotive in a study report on Monday, April 11th. They set an “underperform” score and a $35.00 rate goal on the stock. Mizuho dropped their cost goal on shares of Rivian Automotive from $95.00 to $90.00 in a investigation report on Wednesday, April 20th. JPMorgan Chase & Co. dropped their cost concentrate on on shares of Rivian Automotive from $104.00 to $84.00 in a analysis report on Wednesday, January 26th. Lastly, BNP Paribas started off coverage on shares of Rivian Automotive in a study report on Monday, April 11th. They established an “underperform” rating and a $35.00 price tag goal on the stock. 3 expenditure analysts have rated the stock with a promote score, four have given a maintain score and twelve have assigned a purchase score to the company’s stock. Based on info from MarketBeat.com, the company presently has an normal score of “Hold” and an ordinary concentrate on value of 81.88.

NASDAQ RIVN opened at 20.60 on Thursday. Rivian Automotive has a a single 12 months minimal of 19.25 and a 1 calendar year superior of 179.47. The firm has a 50-working day uncomplicated moving common of 39.06. The enterprise has a quick ratio of 13.93, a existing ratio of 14.14 and a debt-to-fairness ratio of .06.

Rivian Automotive (NASDAQ:RIVN – Get Rating) past posted its quarterly earnings benefits on Wednesday, May well 11th. The electrical car or truck automaker documented -1.43 EPS for the quarter, beating the consensus estimate of -1.46 by .03. Equities analysts forecast that Rivian Automotive will write-up -6.37 EPS for the current calendar year.

In other information, key shareholder Motor Co Ford sold 8,000,000 shares of the business’s stock in a transaction that occurred on Monday, Could 9th. The shares ended up offered at an normal value of 26.80, for a complete transaction of 214,400,000.00. Subsequent the sale, the insider now owns 93,947,494 shares in the business, valued at 2,517,792,839.20. The transaction was disclosed in a document filed with the Securities & Exchange Fee, which can be accessed by way of this hyperlink.

Quite a few hedge funds have just lately added to or reduced their stakes in the firm. Amazon com Inc acquired a new stake in shares of Rivian Automotive through the fourth quarter valued at approximately $16,420,746,000. Coatue Administration LLC obtained a new stake in shares of Rivian Automotive for the duration of the fourth quarter valued at close to $3,652,616,000. BlackRock Inc. obtained a new stake in shares of Rivian Automotive in the course of the fourth quarter valued at about $3,195,595,000. Cash Investigate International Traders acquired a new stake in shares of Rivian Automotive during the fourth quarter valued at somewhere around $2,562,520,000. Lastly, Soros Fund Administration LLC obtained a new stake in shares of Rivian Automotive for the duration of the fourth quarter valued at around $2,056,770,000. Institutional investors and hedge cash possess 78.67% of the company’s inventory.

Rivian Automotive Company Profile (Get Rating)

Rivian Automotive, Inc designs, develops, manufactures, and sells electric powered automobiles and add-ons. The corporation provides five-passenger pickup vans and sporting activities utility automobiles. It provides Rivian Industrial Vehicle system for electrical Shipping and delivery Van with collaboration with Amazon.com. The enterprise sells its items immediately to shoppers in the shopper and business marketplaces.

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