Accelevation (NASDAQ:ACCV) Now Covered by Robert W. Baird

Analysts at Robert W. Baird began coverage on shares of Accelevation (NASDAQ:ACCV) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $16.00 price target on the stock. Robert W. Baird‘s target price points to a potential upside of 29.24% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group initiated coverage on Accelevation in a report on Monday. They set a “buy” rating and a $22.00 price target on the stock. Wall Street Zen upgraded shares of Accelevation to a “hold” rating in a research report on Saturday, October 10th. Finally, Barclays started coverage on Accelevation in a research note on Monday. They issued an “overweight” rating and a $20.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.33.

Accelevation Price Performance

Shares of ACCV opened at $12.38 on Monday. Accelevation has a 52 week low of $11.58 and a 52 week high of $18.10.

Insider Activity

In other news, Director Howard Heckes acquired 5,000 shares of Accelevation stock in a transaction on Thursday, October 1st. The shares were bought at an average cost of $18.00 per share, for a total transaction of $90,000.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $90,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Rubiera acquired 200,000 shares of the business’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 $3,600,000.00. Following the completion of the acquisition, the chief executive officer owned 1,424,285 shares of the company’s stock, 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. In the last three months, insiders 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.