Goldman Sachs Group Inc. Decreases Stake in SES AI Corporation $SES

Key Points

• Goldman Sachs reduced its stake in SES AI Corporation by 52.2%, owning 231,400 shares valued at approximately $120,000 after selling 252,629 shares in the first quarter.
• SES AI reported earnings of ($0.07) per share, missing estimates, with revenue of $3.53 million compared to a projection of $4.33 million.
• Analysts have a consensus rating of "Buy" for SES AI, with a price target averaging $2.00, despite some recent downgrades in ratings.

Goldman Sachs Group Inc. reduced its stake in shares of SES AI Corporation (NYSE:SES - Free Report) by 52.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 231,400 shares of the company's stock after selling 252,629 shares during the period. Goldman Sachs Group Inc. owned approximately 0.06% of SES AI worth $120,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC purchased a new stake in shares of SES AI during the 1st quarter worth $26,000. CWM LLC boosted its position in shares of SES AI by 1,427.9% during the 1st quarter. CWM LLC now owns 55,462 shares of the company's stock worth $29,000 after purchasing an additional 51,832 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of SES AI during the 1st quarter worth $31,000. BNP Paribas Financial Markets purchased a new stake in shares of SES AI in the 4th quarter worth about $44,000. Finally, Ieq Capital LLC purchased a new stake in shares of SES AI in the 1st quarter worth about $76,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

SES AI Trading Down 6.7%

Shares of SES stock opened at $1.74 on Tuesday. The firm has a 50-day moving average price of $1.25 and a 200 day moving average price of $0.97. SES AI Corporation has a twelve month low of $0.20 and a twelve month high of $2.53. The company has a market capitalization of $634.52 million, a price-to-earnings ratio of -5.60 and a beta of 0.40.

SES AI (NYSE:SES - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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. As a group, research analysts predict that SES AI Corporation will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

SES has been the topic of several recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2.00 price objective on shares of SES AI in a research report on Tuesday, June 24th. Wall Street Zen lowered shares of SES AI from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $2.00.

SES AI Company 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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