SES AI (NYSE:SES) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SES AI (NYSE:SES) from a sell rating to a hold rating in a research note published on Friday morning.

Several other brokerages also recently weighed in on SES. Cantor Fitzgerald raised their price target on SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.00.

SES AI Stock Performance

Shares of SES opened at $2.40 on Friday. SES AI has a fifty-two week low of $0.38 and a fifty-two week high of $3.73. The firm’s 50-day simple moving average is $2.03 and its two-hundred day simple moving average is $1.81. The stock has a market cap of $874.34 million, a PE ratio of -8.55 and a beta of 0.57.

SES AI (NYSE:SES) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%.The company had revenue of $7.12 million during the quarter, compared to the consensus estimate of $4.58 million. Equities research analysts predict that SES AI will post -0.23 EPS for the current year.

Insider Activity at SES AI

In related news, insider Hong Gan sold 100,000 shares of SES AI stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $2.50, for a total value of $250,000.00. Following the completion of the sale, the insider directly owned 1,253,286 shares in the company, valued at approximately $3,133,215. This trade represents a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 500,000 shares of company stock worth $1,108,000 over the last 90 days. Company insiders own 13.80% of the company’s stock.

Institutional Trading of SES AI

A number of institutional investors have recently made changes to their positions in SES. Vanguard Group Inc. grew its stake in shares of SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock worth $18,509,000 after acquiring an additional 1,927,945 shares during the period. Two Sigma Investments LP boosted its holdings in SES AI by 183.3% in the third quarter. Two Sigma Investments LP now owns 1,891,079 shares of the company’s stock worth $3,158,000 after purchasing an additional 1,223,673 shares during the last quarter. AQR Capital Management LLC grew its position in SES AI by 2,314.7% in the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock worth $593,000 after purchasing an additional 1,090,875 shares during the period. Baird Financial Group Inc. bought a new stake in SES AI in the 2nd quarter worth approximately $689,000. Finally, XTX Topco Ltd purchased a new stake in SES AI during the 2nd quarter valued at $676,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.