SES AI (NYSE:SES) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of SES AI (NYSE:SES) from a hold rating to a sell rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, January 21st. Cantor Fitzgerald raised their price objective on shares of SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SES AI presently has a consensus rating of “Hold” and an average target price of $4.00.

SES AI Price Performance

NYSE:SES opened at $2.02 on Friday. The company has a market capitalization of $737.44 million, a P/E ratio of -7.21 and a beta of 0.57. The business has a fifty day simple moving average of $2.07 and a two-hundred day simple moving average of $1.85. SES AI has a 1 year low of $0.38 and a 1 year high of $3.73.

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 net margin of 490.03% and a negative return on equity of 35.31%. The firm had revenue of $7.12 million for the quarter, compared to analysts’ expectations of $4.58 million. As a group, analysts anticipate that SES AI will post -0.23 earnings per share for the current year.

Insider Transactions at SES AI

In other SES AI news, insider Hong Gan sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $2.50, for a total value of $250,000.00. Following the completion of the transaction, the insider owned 1,253,286 shares of the company’s stock, valued at $3,133,215. The trade was a 7.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 500,000 shares of company stock worth $1,108,000 in the last three months. Insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in SES AI by 21.1% during the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock valued at $18,509,000 after purchasing an additional 1,927,945 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of SES AI by 183.3% in the 3rd 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 in the last quarter. AQR Capital Management LLC increased its position in shares of SES AI by 2,314.7% during the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock valued at $593,000 after purchasing an additional 1,090,875 shares during the last quarter. Invesco Ltd. raised its holdings in shares of SES AI by 3.1% during the 2nd quarter. Invesco Ltd. now owns 920,259 shares of the company’s stock valued at $817,000 after buying an additional 27,765 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in SES AI in the 2nd quarter worth approximately $689,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

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.