SES AI Corporation $SES Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. significantly increased its stake in SES AI Corporation by 1,537.2% during the first quarter, now owning 892,494 shares valued at approximately $465,000.
• Several institutional investors, including Wells Fargo and Price T Rowe Associates, have also raised their holdings in SES AI, indicating growing investor interest in the stock.
• SES AI reported a quarterly earnings miss, posting a loss of ($0.07) per share, below analysts' estimates, with a revenue of $3.53 million compared to expectations of $4.33 million.

Invesco Ltd. boosted its position in shares of SES AI Corporation (NYSE:SES - Free Report) by 1,537.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 892,494 shares of the company's stock after acquiring an additional 837,982 shares during the period. Invesco Ltd. owned 0.24% of SES AI worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SES. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in SES AI during the first quarter valued at approximately $1,064,000. Two Sigma Investments LP raised its holdings in shares of SES AI by 666.4% in the fourth quarter. Two Sigma Investments LP now owns 513,010 shares of the company's stock worth $1,123,000 after buying an additional 446,073 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of SES AI by 135.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 268,402 shares of the company's stock worth $588,000 after buying an additional 154,206 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of SES AI by 14.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company's stock worth $625,000 after buying an additional 151,420 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of SES AI by 117.5% in the fourth quarter. Deutsche Bank AG now owns 195,291 shares of the company's stock worth $428,000 after buying an additional 105,484 shares during the last quarter. Hedge funds and other institutional investors own 29.78% of the company's stock.

Analysts Set New Price Targets

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

SES AI Stock Performance

Shares of SES AI stock traded up $0.04 during trading on Thursday, hitting $1.16. 4,939,799 shares of the company's stock were exchanged, compared to its average volume of 3,714,144. The business has a 50-day simple moving average of $1.10 and a 200-day simple moving average of $0.88. SES AI Corporation has a 52-week low of $0.20 and a 52-week high of $2.53. The stock has a market capitalization of $422.41 million, a price-to-earnings ratio of -3.73 and a beta of 0.40.

SES AI (NYSE:SES - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share (EPS) 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. On average, equities analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current fiscal 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.