Nuveen LLC Buys Shares of 447,677 SES AI Corporation $SES

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 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 447,677 shares of the company's stock, valued at approximately $233,000. Nuveen LLC owned approximately 0.12% of SES AI at the end of the most recent quarter.

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

SES AI Trading Up 0.4%

Shares of SES stock traded up $0.01 during trading hours on Wednesday, hitting $1.14. 1,884,636 shares of the company were exchanged, compared to its average volume of 17,251,949. The firm has a fifty day simple moving average of $1.09 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 $415.09 million, a price-to-earnings ratio of -3.66 and a beta of 0.40.

SES AI (NYSE:SES - Get Free Report) last announced its quarterly 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 the consensus estimate of $4.33 million. SES AI has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that SES AI Corporation will post -0.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $2.00 price target on shares of SES AI in a research report on Tuesday, June 24th. Wall Street Zen lowered SES AI from a "hold" rating to a "sell" rating in a research note on Sunday, June 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.