Investment analysts at JPMorgan Chase & Co. began coverage on shares of Accelevation (NASDAQ:ACCV – Get Free Report) in a research note issued to investors on Monday, Briefing.com reports. The firm set an “overweight” rating and a $20.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 61.55% from the stock’s current price.
Several other analysts also recently commented on ACCV. Barclays started coverage on shares of Accelevation in a research report on Monday. They set an “overweight” rating and a $20.00 price objective on the stock. Wall Street Zen upgraded shares of Accelevation to a “hold” rating in a research note on Saturday, October 10th. Robert W. Baird began coverage on shares of Accelevation in a research note on Monday. They set an “outperform” rating and a $16.00 target price for the company. Bank of America initiated coverage on Accelevation in a report on Monday. They set a “buy” rating and a $20.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on Accelevation in a research note on Monday. They issued a “buy” rating and a $22.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.
Read Our Latest Research Report on ACCV
Accelevation Stock Performance
Shares of ACCV stock opened at $12.38 on Monday. Accelevation has a twelve month low of $11.58 and a twelve month high of $18.10.
Insiders Place Their Bets
In other Accelevation news, CEO Michael Rubiera purchased 200,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average cost of $18.00 per share, with a total value of $3,600,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,424,285 shares in the company, valued at $25,637,130. The trade was a 16.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Howard Heckes bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $90,000.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $90,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 227,700 shares of company stock worth $4,098,600 in the last three months.
About Accelevation
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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