Accelevation (NASDAQ:ACCV) Research Coverage Started at Robert W. Baird

Robert W. Baird initiated coverage on shares of Accelevation (NASDAQ:ACCV – Free Report) in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm issued an outperform rating and a $16.00 target price on the stock.

ACCV has been the topic of several other reports. Barclays assumed coverage on Accelevation in a research note on Monday. They set an “overweight” rating and a $20.00 price objective on the stock. The Goldman Sachs Group began coverage on Accelevation in a research note on Monday. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Wall Street Zen raised Accelevation to a “hold” rating in a research note on Saturday, October 10th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Accelevation presently has a consensus rating of “Moderate Buy” and an average target price of $19.43.

Check Out Our Latest Analysis on ACCV

Accelevation Stock Up 11.7%

Shares of NASDAQ:ACCV opened at $15.03 on Monday. Accelevation has a 12 month low of $11.58 and a 12 month high of $18.10.

Insider Activity at Accelevation

In other news, COO Brent Jewell purchased 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were bought at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the acquisition, the chief operating officer owned 304,068 shares of the company’s stock, valued at approximately $5,473,224. This trade represents a 0.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Rubiera acquired 200,000 shares of Accelevation stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $3,600,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,424,285 shares in the company, valued at $25,637,130. This trade represents a 16.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 227,700 shares of company stock worth $4,098,600 in the last three months.

Key Headlines Impacting Accelevation

Here are the key news stories impacting Accelevation this week:

Accelevation Company Profile

(Get Free Report)

Accelevation Corporation (NASDAQ: ACCV) is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Accelevation does not manufacture products, provide ongoing commercial services or conduct significant business activities of its own. Its primary activities have consisted of evaluating potential acquisition targets and pursuing a business combination.

Public information about Accelevation’s operating history, geographic footprint and leadership is limited.

See Also

Analyst Recommendations for Accelevation (NASDAQ:ACCV)

Receive News & Ratings for Accelevation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accelevation and related companies with MarketBeat.com's FREE daily email newsletter.