Rivian Automotive (NASDAQ:RIVN) Stock Moved Up to Buy by UBS Group

Rivian Automotive (NASDAQ:RIVN) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a report issued on Monday, Briefing.com reports. The firm currently has a $17.00 price target on the electric vehicle automaker’s stock. UBS Group‘s price target suggests a potential upside of 39.80% from the stock’s current price.

Other equities analysts have also issued reports about the company. BNP Paribas Exane increased their price target on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald lowered their price target on Rivian Automotive from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday. Needham & Company LLC dropped their price objective on Rivian Automotive from $23.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday. Jefferies Financial Group raised Rivian Automotive from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Friday. Finally, Citigroup started coverage on shares of Rivian Automotive in a research report on Monday, September 14th. They issued a “hold” rating and a $18.00 price target on the stock. Fifteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.50.

Rivian Automotive Stock Performance

Shares of NASDAQ:RIVN opened at $12.16 on Monday. The company has a 50 day moving average of $14.53 and a 200-day moving average of $15.50. The firm has a market cap of $17.61 billion, a P/E ratio of -5.40 and a beta of 1.64. Rivian Automotive has a twelve month low of $11.38 and a twelve month high of $22.69. The company has a current ratio of 2.18, a quick ratio of 1.70 and a debt-to-equity ratio of 0.78.

Rivian Automotive (NASDAQ:RIVN) last posted its quarterly earnings data on Thursday, October 29th. The electric vehicle automaker reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.16. Rivian Automotive had a negative net margin of 45.88% and a negative return on equity of 69.68%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the firm posted ($1.08) earnings per share. The business’s revenue was up 38.3% on a year-over-year basis. As a group, analysts anticipate that Rivian Automotive will post -2.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael John Callahan sold 15,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider directly owned 1,001,776 shares of the company’s stock, valued at $15,026,640. This represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire McDonough sold 13,144 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $14.50, for a total value of $190,588.00. Following the completion of the transaction, the chief financial officer owned 827,201 shares of the company’s stock, valued at $11,994,414.50. This trade represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 51,167 shares of company stock worth $788,306 over the last 90 days. Insiders own 1.48% of the company’s stock.

Institutional Trading of Rivian Automotive

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Rivian Automotive by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,438,776 shares of the electric vehicle automaker’s stock worth $111,896,000 after buying an additional 25,382 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Rivian Automotive during the second quarter valued at approximately $49,915,000. Hsbc Holdings PLC lifted its position in shares of Rivian Automotive by 55.8% in the 1st quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock valued at $46,625,000 after acquiring an additional 1,109,171 shares in the last quarter. Swiss National Bank lifted its position in shares of Rivian Automotive by 8.2% in the 1st quarter. Swiss National Bank now owns 2,331,000 shares of the electric vehicle automaker’s stock valued at $35,082,000 after acquiring an additional 176,500 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Rivian Automotive by 22.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,970,637 shares of the electric vehicle automaker’s stock worth $29,441,000 after purchasing an additional 356,540 shares during the period. 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 reported third-quarter revenue of $2.16 billion, up 38.3% year over year, and adjusted loss per share of $0.48, better than the $0.64 consensus estimate. The company also raised its full-year delivery outlook to 67,000–70,000 vehicles. RIVN Q3 deep dive: R2 launch drives volume, autonomy investment shapes outlook
• Positive Sentiment: Management highlighted strong demand and momentum for the R2, which became Rivian’s highest-volume model, while discussing progress toward improved margins. These developments support the case for increased production scale. Rivian Q3 Earnings: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Jefferies upgraded Rivian, while Evercore ISI and Stifel Nicolaus maintained Buy ratings. The actions indicate that several analysts view the R2 launch, delivery growth and operating improvements as potential catalysts. Rivian Automotive Upgraded at Jefferies Financial Group
• Positive Sentiment: Rivian expanded its Volkswagen joint venture to license its in-house AI voice assistant, creating a potential software-monetization opportunity beyond vehicle sales. CEO RJ Scaringe also described autonomy as a possible major shift in automotive market share. Rivian Expands Joint Venture With AI Voice Assistant Licensing
• Neutral Sentiment: Cantor Fitzgerald and Needham reduced their price targets, although the reports suggest analysts are reassessing valuation rather than uniformly abandoning the stock. Rivian Stock Gets Price Target Trim from Cantor Fitzgerald Rivian Stock Gets Price Target Cut from Needham
• Negative Sentiment: Despite the earnings beat, Rivian continues to post substantial losses, with a negative net margin and analysts expecting a full-year loss. Commentary questioning whether the EV maker can achieve sustainable profitability has limited the durability of the rally. Rivian Earnings Don’t Mask Stock Collapse

Rivian Automotive Company Profile

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.