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:
- Positive Sentiment: Goldman Sachs began covering Accelevation with a “buy” rating and a $22.00 price target, implying significant upside from the referenced share price. Goldman Sachs coverage and recommendation
- Positive Sentiment: Barclays initiated coverage with an “overweight” rating and a $20.00 price target, also signaling confidence in ACCV’s future performance. Barclays coverage and recommendation
- Neutral Sentiment: Bank of America initiated coverage on Accelevation, adding another major institution to the company’s analyst following. The available report does not disclose a rating or price target. Bank of America initiates coverage on Accelevation
- Neutral Sentiment: JPMorgan Chase added Accelevation to its analyst coverage universe. No rating or target price was provided in the available information. JPMorgan Chase covers Accelevation
- Neutral Sentiment: Morgan Stanley, Wolfe Research, and Robert W. Baird also initiated coverage, increasing ACCV’s visibility among institutional investors. Their ratings and price targets were not disclosed in the supplied reports. Morgan Stanley initiates coverage Wolfe Research initiates coverage Robert W. Baird initiates coverage
Accelevation Company Profile
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.
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