Accelevation (NASDAQ:ACCV) Stock Rated “Equal Weight” in New Coverage at Morgan Stanley

Research analysts at Morgan Stanley initiated coverage on shares of Accelevation (NASDAQ:ACCV) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $18.00 price target on the stock. Morgan Stanley‘s price target would indicate a potential upside of 45.40% from the stock’s previous close.

Several other research firms have also issued reports on ACCV. Bank of America started coverage on shares of Accelevation in a research report on Monday. They issued a “buy” rating and a $20.00 price target on the stock. Robert W. Baird began coverage on shares of Accelevation in a research report on Monday. They issued an “outperform” rating and a $16.00 price objective on the stock. Barclays began coverage on Accelevation in a research note on Monday. They set an “overweight” rating and a $20.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Accelevation in a research report on Monday. They issued an “overweight” rating and a $20.00 target price on the stock. Finally, Wall Street Zen upgraded Accelevation to a “hold” rating in a research report on Saturday, October 10th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

Accelevation Price Performance

NASDAQ ACCV opened at $12.38 on Monday. Accelevation has a one year low of $11.58 and a one year high of $18.10.

Insider Activity

In other Accelevation news, Director Paul D. Donahue purchased 7,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $126,000.00. Following the completion of the transaction, the director owned 7,000 shares of the company’s stock, valued at approximately $126,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ginger M. Jones bought 10,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were bought at an average price of $18.00 per share, for a total transaction of $180,000.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $180,000. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 227,700 shares of company stock valued at $4,098,600 over the last three months.

Accelevation Company Profile

Accelevation Corporation (NASDAQ: ACCV) is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Accelevation does not manufacture products, provide ongoing commercial services or conduct significant business activities of its own. Its primary activities have consisted of evaluating potential acquisition targets and pursuing a business combination.

Public information about Accelevation’s operating history, geographic footprint and leadership is limited.