Key Points
- Insider Hong Gan sold 150,000 shares of SES AI at $1.90 on Nov. 17 for $285,000, reducing their stake by 10.69% to 1,253,286 shares (about $2.38M).
- SES AI reported Q3 EPS of -$0.06 (missed estimates) but revenue of $7.12M (beat), and the stock trades near $1.86 with a market cap around $678M; analysts hold a consensus "Hold" rating with an average target of $4, and Cantor Fitzgerald raised its target to $4 (overweight).
SES AI Corporation (NYSE:SES - Get Free Report) insider Hong Gan sold 150,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $1.90, for a total value of $285,000.00. Following the transaction, the insider directly owned 1,253,286 shares of the company's stock, valued at approximately $2,381,243.40. This trade represents a 10.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
SES AI Price Performance
NYSE:SES opened at $1.86 on Wednesday. The company has a market capitalization of $678.41 million, a P/E ratio of -6.63 and a beta of 0.53. The business has a fifty day simple moving average of $2.20 and a two-hundred day simple moving average of $1.43. SES AI Corporation has a 1 year low of $0.28 and a 1 year high of $3.73.
SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $7.12 million for the quarter, compared to the consensus estimate of $4.58 million. SES AI has set its FY 2025 guidance at EPS. As a group, analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current year.
Institutional Investors Weigh In On SES AI
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Verdence Capital Advisors LLC lifted its holdings in shares of SES AI by 42.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company's stock worth $33,000 after buying an additional 6,000 shares in the last quarter. Raymond James Financial Inc. grew its stake in SES AI by 35.1% during the third quarter. Raymond James Financial Inc. now owns 20,268 shares of the company's stock valued at $34,000 after acquiring an additional 5,268 shares in the last quarter. Lido Advisors LLC bought a new stake in SES AI during the 3rd quarter worth approximately $45,000. Hudson Bay Capital Management LP purchased a new stake in SES AI in the 2nd quarter worth approximately $31,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in SES AI by 136.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company's stock worth $34,000 after purchasing an additional 21,934 shares in the last quarter. 29.78% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on SES shares. Cantor Fitzgerald lifted their target price on shares of SES AI from $2.00 to $4.00 and gave the stock an "overweight" rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SES AI in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.00.
Get Our Latest Stock Analysis on SES AI
About SES AI
(
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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.
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