Accelevation (NASDAQ:ACCV) Coverage Initiated by Analysts at Wolfe Research

Research analysts at Wolfe Research initiated coverage on shares of Accelevation (NASDAQ:ACCV) in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage set an “outperform” rating on the stock.

A number of other equities analysts have also recently commented on ACCV. Bank of America assumed coverage on shares of Accelevation in a research report on Monday. They issued a “buy” rating and a $20.00 target price on the stock. Wall Street Zen raised shares of Accelevation to a “hold” rating in a research note on Saturday, October 10th. The Goldman Sachs Group initiated coverage on shares of Accelevation in a research report on Monday. They set a “buy” rating and a $22.00 price target for the company. Morgan Stanley started coverage on shares of Accelevation in a research report on Monday. They set an “equal weight” rating and a $18.00 price target for the company. Finally, Barclays started coverage on Accelevation in a research note on Monday. They set an “overweight” rating and a $20.00 price objective on the stock. Seven 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Accelevation Price Performance

NASDAQ:ACCV opened at $12.38 on Monday. Accelevation has a 1-year low of $11.58 and a 1-year high of $18.10.

Insider Activity

In other news, Director Howard C. Heckes bought 5,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were purchased at an average price of $18.00 per share, for a total transaction of $90,000.00. Following the completion of the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $90,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ginger M. Jones bought 10,000 shares of the firm’s 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 $180,000.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at $180,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 227,700 shares of company stock valued at $4,098,600.

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.