Farther Finance Advisors LLC Acquires Shares of 140,845 SES AI Corporation $SES

Key Points

• Farther Finance Advisors LLC has acquired 140,845 shares of SES AI Corporation, worth approximately $125,000, during the second quarter of 2023.
• Multiple hedge funds have adjusted their positions in SES AI, with AQR Capital Management significantly increasing its holdings by over 2,300% to hold 1,138,003 shares.
• Currently, SES AI has a consensus rating of "Hold" from analysts, with an average price target of $2.00, despite mixed ratings from research firms.

Farther Finance Advisors LLC bought a new stake in SES AI Corporation (NYSE:SES - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 140,845 shares of the company's stock, valued at approximately $125,000.

A number of other hedge funds have also recently modified their holdings of the stock. Voya Investment Management LLC purchased a new position in shares of SES AI in the 1st quarter valued at $31,000. AQR Capital Management LLC grew its position in shares of SES AI by 2,314.7% in the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock valued at $593,000 after buying an additional 1,090,875 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of SES AI in the 1st quarter valued at $76,000. HITE Hedge Asset Management LLC purchased a new position in shares of SES AI in the 1st quarter valued at $339,000. Finally, Nuveen LLC purchased a new position in shares of SES AI in the 1st quarter valued at $233,000. 29.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on SES shares. Cantor Fitzgerald reissued an "overweight" rating and set a $2.00 price objective on shares of SES AI in a research report on Tuesday, June 24th. Weiss Ratings reissued a "sell (d-)" rating on shares of SES AI in a research report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of SES AI from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $2.00.

SES AI Price Performance

Shares of NYSE SES opened at $2.07 on Friday. The company has a market cap of $755.21 million, a PE ratio of -6.66 and a beta of 0.50. SES AI Corporation has a 12 month low of $0.20 and a 12 month high of $2.53. The company has a 50-day simple moving average of $1.30 and a 200-day simple moving average of $1.00.

SES AI (NYSE:SES - Get Free Report) last released its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). The company had revenue of $3.53 million for the quarter, compared to analysts' expectations of $4.33 million. SES AI has set its FY 2025 guidance at EPS. On average, analysts anticipate that SES AI Corporation will post -0.23 EPS for the current year.

SES AI Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.

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