NuScale Power Co. (NYSE:SMR) Receives $27.00 Consensus Target Price from Brokerages

NuScale Power Co. (NYSE:SMR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $27.00.

A number of analysts have weighed in on SMR shares. Canaccord Genuity Group set a $35.00 price objective on shares of NuScale Power and gave the company a "buy" rating in a research note on Thursday, May 29th. BTIG Research reiterated a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. CLSA set a $41.00 price target on shares of NuScale Power and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. UBS Group lifted their price target on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group set a $24.00 price target on shares of NuScale Power and gave the stock a "neutral" rating in a research note on Tuesday, May 20th.

NuScale Power Stock Down 3.9%

NYSE:SMR traded down $1.59 on Friday, reaching $38.79. 9,764,046 shares of the stock traded hands, compared to its average volume of 9,561,365. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of -40.83 and a beta of 2.00. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power has a 12 month low of $6.88 and a 12 month high of $42.91. The company's fifty day simple moving average is $23.10 and its 200 day simple moving average is $21.32.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. The business had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. Equities analysts predict that NuScale Power will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now directly owns 516,207 shares of the company's stock, valued at approximately $7,810,211.91. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 26,345 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $23.66, for a total transaction of $623,322.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,278 shares of company stock valued at $2,286,280. Insiders own 1.27% of the company's stock.

Institutional Trading of NuScale Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC purchased a new stake in NuScale Power during the fourth quarter valued at approximately $33,000. Quantbot Technologies LP bought a new position in shares of NuScale Power in the first quarter worth approximately $27,000. Venturi Wealth Management LLC boosted its position in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares during the period. Twin Tree Management LP bought a new position in shares of NuScale Power in the fourth quarter worth approximately $42,000. Finally, Amalgamated Bank boosted its position in shares of NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after purchasing an additional 986 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.