Rivian Automotive (NASDAQ:RIVN) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Rivian Automotive (NASDAQ:RIVN) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Rivian Automotive from a “buy” rating to an “underperform” rating in a research report on Tuesday, August 4th. Yorkville Ives began coverage on Rivian Automotive in a report on Tuesday, October 6th. They issued an “outperform” rating and a $20.00 price objective on the stock. Cantor Fitzgerald decreased their price objective on Rivian Automotive from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley boosted their target price on Rivian Automotive from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, July 31st. Finally, BNP Paribas Exane increased their target price on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Fifteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Rivian Automotive has an average rating of “Hold” and an average target price of $19.50.

Rivian Automotive Stock Performance

Shares of Rivian Automotive stock opened at $13.19 on Friday. Rivian Automotive has a 52-week low of $11.38 and a 52-week high of $22.69. The company has a fifty day moving average of $14.45 and a 200-day moving average of $15.47. The company has a quick ratio of 1.65, a current ratio of 2.10 and a debt-to-equity ratio of 0.87.

Rivian Automotive (NASDAQ:RIVN) last released its earnings results on Thursday, October 29th. The electric vehicle automaker reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.16. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2 billion. Rivian Automotive had a negative net margin of 54.96% and a negative return on equity of 73.90%. The firm’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.08) EPS. Equities analysts forecast that Rivian Automotive will post -2.92 EPS for the current fiscal year.

Insider Buying and Selling at Rivian Automotive

In other Rivian Automotive news, insider Michael John Callahan sold 15,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider owned 1,001,776 shares of the company’s stock, valued at $15,026,640. This represents a 1.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire McDonough sold 13,144 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $14.50, for a total transaction of $190,588.00. Following the completion of the sale, the chief financial officer directly owned 827,201 shares in the company, valued at approximately $11,994,414.50. This trade represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 51,167 shares of company stock worth $788,306. 1.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Rivian Automotive

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in Rivian Automotive by 4.0% during the 1st quarter. Parallel Advisors LLC now owns 16,056 shares of the electric vehicle automaker’s stock valued at $242,000 after purchasing an additional 613 shares during the period. Reynders McVeigh Capital Management LLC raised its position in Rivian Automotive by 6.8% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 15,767 shares of the electric vehicle automaker’s stock valued at $274,000 after purchasing an additional 1,000 shares during the last quarter. Albion Financial Group UT raised its position in Rivian Automotive by 1.0% during the 3rd quarter. Albion Financial Group UT now owns 105,261 shares of the electric vehicle automaker’s stock valued at $1,573,000 after purchasing an additional 1,010 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Rivian Automotive by 2.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 56,758 shares of the electric vehicle automaker’s stock valued at $985,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Wedmont Private Capital lifted its holdings in Rivian Automotive by 3.7% in the 3rd quarter. Wedmont Private Capital now owns 33,095 shares of the electric vehicle automaker’s stock worth $474,000 after buying an additional 1,169 shares during the period. 66.25% of the stock is owned by institutional investors.

Key Rivian Automotive News

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: UBS upgraded Rivian to Buy from Hold and maintained a $17 price target. Analyst Joseph Spak described the recent selloff as a buying opportunity, citing improving R2 demand, an expected production ramp, stronger automotive gross margins and growing software revenue. UBS Upgrades Rivian, Sees 40% Upside After Recent Slide
• Positive Sentiment: The R2 SUV is increasingly viewed as a potential volume catalyst because its lower price could expand Rivian’s customer base beyond premium-EV buyers and Tesla switchers. Investors are also anticipating an inflection in vehicle production and margins as R2 output increases. Rivian Stock Can Rise More Than 30%
• Positive Sentiment: Rivian’s latest quarterly results provided additional support: revenue rose 38.3% year over year to $2.16 billion, while its adjusted loss of $0.48 per share was narrower than analysts expected. Management also highlighted R2 momentum, margin progress and longer-term autonomy opportunities. RIVN Q3 Deep Dive
• Neutral Sentiment: Jefferies upgraded Rivian, while Evercore ISI and Stifel reaffirmed Buy ratings, indicating continued support among several analysts. However, Cantor Fitzgerald and Needham reduced their price targets, reflecting differing views on valuation and execution risk.
• Negative Sentiment: Despite the earnings beat, Rivian remains unprofitable, with substantial expected full-year losses and continued dependence on successfully scaling R2 production. Bank of America’s Sell rating and concerns that earnings improvements may not yet resolve the company’s long-term cash-burn and execution challenges remain overhangs. Rivian Earnings Don’t Mask Stock Collapse

About Rivian Automotive

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.