Rivian Automotive (NASDAQ:RIVN) Stock Bumped Down to Sell by Wall Street Zen

by · The Markets Daily

Wall Street Zen lowered shares of Rivian Automotive (NASDAQ:RIVN – Free Report) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also commented on RIVN. Deutsche Bank Aktiengesellschaft lowered Rivian Automotive from a “buy” rating to an “underperform” rating in a report on Tuesday, August 4th. Royal Bank Of Canada boosted their target price on Rivian Automotive from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Yorkville Ives assumed coverage on Rivian Automotive in a research report on Tuesday, October 6th. They set an “outperform” rating and a $20.00 target price for the company. Wells Fargo & Company upped their target price on Rivian Automotive from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Finally, TD Cowen increased their price target on Rivian Automotive from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rivian Automotive currently has a consensus rating of “Hold” and a consensus target price of $19.50.

Read Our Latest Research Report on Rivian Automotive

Rivian Automotive Stock Up 6.2%

Rivian Automotive stock opened at $12.16 on Friday. The company has a market capitalization of $17.61 billion, a P/E ratio of -5.40 and a beta of 1.62. The firm’s fifty day simple moving average is $14.53 and its 200-day simple moving average is $15.50. The company has a current ratio of 2.10, a quick ratio of 1.65 and a debt-to-equity ratio of 0.87. Rivian Automotive has a 1-year low of $11.38 and a 1-year high of $22.69.

Rivian Automotive (NASDAQ:RIVN – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The electric vehicle automaker reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.16. Rivian Automotive had a negative net margin of 45.88% and a negative return on equity of 73.38%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business earned ($1.08) EPS. Rivian Automotive’s quarterly revenue was up 38.3% compared to the same quarter last year. Sell-side analysts forecast that Rivian Automotive will post -2.92 earnings per share for the current fiscal year.

Insider Transactions at Rivian Automotive

In other Rivian Automotive news, CFO Claire McDonough sold 8,023 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.00, for a total value of $128,368.00. Following the sale, the chief financial officer owned 819,178 shares of the company’s stock, valued at $13,106,848. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael John Callahan sold 15,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the transaction, the insider directly owned 1,001,776 shares of the company’s stock, valued at $15,026,640. This trade represents a 1.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 51,167 shares of company stock worth $788,306. 1.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rivian Automotive

A number of hedge funds have recently made changes to their positions in RIVN. Kestra Private Wealth Services LLC increased its stake in shares of Rivian Automotive by 6.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 26,139 shares of the electric vehicle automaker’s stock worth $391,000 after purchasing an additional 1,625 shares during the last quarter. Rakuten Investment Management Inc. raised its holdings in shares of Rivian Automotive by 31.9% in the 3rd quarter. Rakuten Investment Management Inc. now owns 61,004 shares of the electric vehicle automaker’s stock valued at $913,000 after purchasing an additional 14,737 shares during the period. VCI Wealth Management LLC acquired a new stake in Rivian Automotive in the 3rd quarter valued at about $811,000. Traynor Capital Management Inc. lifted its stake in Rivian Automotive by 30.8% in the 3rd quarter. Traynor Capital Management Inc. now owns 17,646 shares of the electric vehicle automaker’s stock valued at $264,000 after purchasing an additional 4,160 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Rivian Automotive by 22.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,970,637 shares of the electric vehicle automaker’s stock valued at $29,441,000 after purchasing an additional 356,540 shares during the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.

Trending Headlines about Rivian Automotive

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

  • Positive Sentiment: Rivian reported third-quarter revenue of approximately $2.15 billion, up 38.3% year over year and ahead of the roughly $2 billion analyst estimate. Its adjusted loss of $0.48 per share was narrower than the expected $0.64–$0.65 loss, supported by higher deliveries, software revenue and improved gross profit. Rivian third-quarter earnings beat estimates
  • Positive Sentiment: The company raised its full-year outlook for vehicle deliveries, adjusted pre-tax earnings and capital expenditures. The R2 SUV became Rivian’s best-selling vehicle in the quarter, strengthening the investment case for its planned higher-volume, more affordable model. Rivian raises full-year guidance on Q3 revenue beat
  • Positive Sentiment: Analyst sentiment included a Jefferies upgrade from Hold to Buy with a $17 target, while Piper Sandler maintained an Overweight rating and $20 target, arguing that the prior selloff had gone too far. Options activity was also bullish-leaning, with call volume 39% above typical levels. Piper Sandler’s $20 Target Says Rivian’s Selloff Went Too Far
  • Neutral Sentiment: Rivian expanded its $5.8 billion Volkswagen joint venture to include an AI assistant and separately acquired Third Dimension AI to support driver-assistance technology. These initiatives could improve future software and autonomy revenue, although the near-term financial benefit remains unclear. Rivian expands joint venture with VW to include AI assistant
  • Negative Sentiment: Analysts were not uniformly bullish: Cantor Fitzgerald cut its target from $19 to $16 and retained a Neutral rating, while Needham reduced its target from $23 to $18 despite keeping a Buy rating. Rivian also remains deeply unprofitable, with heavy cash burn and negative margins, leaving execution of the R2 ramp critical.

Rivian Automotive Company Profile

(Get Free Report)

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.

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