Archer Aviation Inc. (NYSE:ACHR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Nine analysts give Archer a consensus rating of “Moderate Buy” (6 buys, 2 holds, 1 sell) with an average 12‑month price target of $12.14.
• Shares opened at $6.99 (market cap ~$4.55B), implying significant upside to the consensus target; insiders sold 307,635 shares (~$2.37M) last quarter, though corporate insiders still own 7.65% and institutions hold 59.34% of the stock.

Shares of Archer Aviation Inc. (NYSE:ACHR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.1429.

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Archer Aviation in a research note on Monday, December 1st. They issued a "neutral" rating and a $11.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price target on shares of Archer Aviation in a report on Wednesday, January 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a research report on Wednesday, January 21st. Cantor Fitzgerald restated an "overweight" rating on shares of Archer Aviation in a research report on Monday, November 24th. Finally, Canaccord Genuity Group upped their target price on Archer Aviation from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, November 21st.

Archer Aviation Price Performance

Shares of Archer Aviation stock opened at $6.99 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 18.19 and a quick ratio of 18.19. The company has a market cap of $4.55 billion, a PE ratio of -5.55 and a beta of 3.11. The firm has a fifty day moving average price of $8.09 and a two-hundred day moving average price of $9.11. Archer Aviation has a fifty-two week low of $5.48 and a fifty-two week high of $14.62.

Insider Buying and Selling at Archer Aviation

In related news, insider Tosha Perkins sold 45,018 shares of the company's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $7.49, for a total value of $337,184.82. Following the sale, the insider owned 334,632 shares of the company's stock, valued at $2,506,393.68. The trade was a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Priya Gupta sold 5,479 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $7.49, for a total transaction of $41,037.71. Following the completion of the transaction, the chief financial officer directly owned 161,523 shares of the company's stock, valued at $1,209,807.27. This trade represents a 3.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 307,635 shares of company stock worth $2,367,936. Corporate insiders own 7.65% of the company's stock.

Institutional Investors Weigh In On Archer Aviation

Several large investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in Archer Aviation in the first quarter valued at $27,000. AlphaQuest LLC boosted its stake in shares of Archer Aviation by 1,181.6% in the 2nd quarter. AlphaQuest LLC now owns 2,576 shares of the company's stock valued at $28,000 after purchasing an additional 2,375 shares in the last quarter. Johnson Investment Counsel Inc. bought a new stake in shares of Archer Aviation in the 3rd quarter worth about $29,000. Modus Advisors LLC bought a new stake in shares of Archer Aviation in the 4th quarter worth about $29,000. Finally, Bank of Jackson Hole Trust increased its position in shares of Archer Aviation by 45.9% during the 3rd quarter. Bank of Jackson Hole Trust now owns 3,136 shares of the company's stock worth $30,000 after purchasing an additional 986 shares in the last quarter. 59.34% of the stock is currently owned by institutional investors.

About Archer Aviation

Archer Aviation, Inc NYSE: ACHR is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company's flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.

Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.

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