447,677 Shares in SES AI Corporation $SES Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in SES AI Corporation, purchasing 447,677 shares valued at approximately $233,000.
• The stock currently holds a consensus rating of "Moderate Buy" with a target price of $1.75, despite missing earnings estimates in its most recent quarterly report.
• SES AI's shares have recently increased by 3.3% and the stock is currently priced at $1.09, showing potential growth given its 12-month high of $2.53.

Nuveen LLC acquired a new stake in shares of SES AI Corporation (NYSE:SES - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 447,677 shares of the company's stock, valued at approximately $233,000. Nuveen LLC owned approximately 0.12% of SES AI as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SES. Cresset Asset Management LLC grew its position in shares of SES AI by 94.1% during the fourth quarter. Cresset Asset Management LLC now owns 20,288 shares of the company's stock worth $44,000 after buying an additional 9,838 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in SES AI during the 4th quarter valued at $25,000. ProShare Advisors LLC grew its holdings in SES AI by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 36,677 shares of the company's stock worth $80,000 after acquiring an additional 12,068 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of SES AI by 28.7% in the 4th quarter. Wells Fargo & Company MN now owns 76,147 shares of the company's stock worth $167,000 after purchasing an additional 16,989 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of SES AI in the 4th quarter worth about $44,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on SES shares. Wall Street Zen cut shares of SES AI from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2.00 target price on shares of SES AI in a report on Tuesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $2.00.

SES AI Price Performance

Shares of NYSE:SES traded up $0.04 during trading on Thursday, reaching $1.16. 4,939,799 shares of the company's stock traded hands, compared to its average volume of 3,714,144. The stock has a market capitalization of $422.41 million, a P/E ratio of -3.73 and a beta of 0.40. 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 moving average of $1.10 and a 200-day moving average of $0.88.

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 analysts' consensus estimates of ($0.05) by ($0.02). The business 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. Equities research analysts predict that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

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.