Shares of Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report) have been given an average recommendation of “Hold” by the twenty-seven brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $19.0455.
RIVN has been the topic of several research analyst reports. UBS Group lifted their price target on Rivian Automotive from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. DA Davidson increased their price objective on Rivian Automotive from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Cantor Fitzgerald restated a “neutral” rating and set a $19.00 target price on shares of Rivian Automotive in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft cut shares of Rivian Automotive from a “buy” rating to an “underperform” rating in a report on Tuesday, August 4th. Finally, Piper Sandler upgraded shares of Rivian Automotive from a “neutral” rating to an “overweight” rating and upped their price target for the company from $18.00 to $20.00 in a research report on Monday, July 27th.
Read Our Latest Analysis on Rivian Automotive
Insider Buying and Selling at Rivian Automotive
Hedge Funds Weigh In On Rivian Automotive
Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Rivian Automotive by 28.0% in the 4th quarter. Brighton Jones LLC now owns 17,685 shares of the electric vehicle automaker’s stock valued at $235,000 after purchasing an additional 3,864 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Rivian Automotive by 1.5% in the first quarter. AQR Capital Management LLC now owns 386,384 shares of the electric vehicle automaker’s stock valued at $4,733,000 after purchasing an additional 5,590 shares during the period. Empowered Funds LLC raised its stake in shares of Rivian Automotive by 10.1% during the first quarter. Empowered Funds LLC now owns 54,560 shares of the electric vehicle automaker’s stock worth $679,000 after purchasing an additional 4,998 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Rivian Automotive by 29.0% during the first quarter. Focus Partners Wealth now owns 64,534 shares of the electric vehicle automaker’s stock worth $803,000 after purchasing an additional 14,497 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Rivian Automotive by 57.1% during the first quarter. Geneos Wealth Management Inc. now owns 5,107 shares of the electric vehicle automaker’s stock worth $64,000 after purchasing an additional 1,856 shares during the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.
Key Stories Impacting Rivian Automotive
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian recently reported quarterly revenue above expectations and raised its full-year delivery guidance, supporting the view that production and demand trends are improving. What Rising Delivery Forecasts Say About Rivian’s Stock Prospects
- Neutral Sentiment: Analysts continue to hold a consensus “Hold” recommendation, indicating that Rivian’s improved operating outlook is balanced by ongoing profitability and execution risks. Rivian Receives Consensus Hold Recommendation
- Neutral Sentiment: The broader electric-vehicle group was also under pressure, although Rivian’s move was more pronounced than several peers, suggesting that company-specific news—not just sector weakness—was driving the reaction. Rivian Falls as CFO Departs for GE Vernova
- Negative Sentiment: McDonough will leave Rivian on October 30 to pursue a new opportunity with GE Vernova and relocate to the East Coast. The departure comes after nearly six years with the company and as Rivian ramps up its smaller, more affordable R2 SUVs amid fragile U.S. EV demand. Rivian’s Finance Chief Steps Down Amid Affordable EV Rollout
- Negative Sentiment: Rivian said McDonough will remain CFO for roughly two months to ensure a transition, but the company has not yet named her permanent successor. Investors may view the finance leadership change as an added execution risk while Rivian manages cash needs, production expansion and the R2 launch. Rivian Announces CFO Transition Plan
Rivian Automotive Stock Performance
Shares of RIVN stock opened at $16.07 on Thursday. The stock’s 50-day moving average is $16.49 and its two-hundred day moving average is $15.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.65 and a current ratio of 2.10. Rivian Automotive has a 1 year low of $12.39 and a 1 year high of $22.69. The firm has a market cap of $23.27 billion, a price-to-earnings ratio of -6.23 and a beta of 1.61.
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last posted its earnings results on Thursday, July 30th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, beating the consensus estimate of ($0.66) by $0.03. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.52 billion. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%.The business’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.97) EPS. Analysts predict that Rivian Automotive will post -2.98 earnings per share for the current year.
About Rivian Automotive
Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.
Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.
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