Rivian Automotive (NASDAQ:RIVN) Cut to "Strong Sell" at Wall Street Zen

Rivian Automotive (NASDAQ:RIVN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued to investors on Saturday.

A number of other equities analysts also recently issued reports on RIVN. Cantor Fitzgerald increased their price objective on shares of Rivian Automotive from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday. TD Cowen upgraded shares of Rivian Automotive from a "hold" rating to a "buy" rating and raised their target price for the company from $17.00 to $20.00 in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Rivian Automotive from a "hold" rating to a "buy" rating and raised their target price for the company from $16.00 to $23.00 in a research note on Friday, February 13th. Benchmark restated a "buy" rating and issued a $25.00 target price on shares of Rivian Automotive in a research note on Friday. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $22.00 target price on shares of Rivian Automotive in a research note on Monday, April 6th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $18.41.

Rivian Automotive Stock Performance

Shares of NASDAQ:RIVN opened at $15.04 on Friday. The firm has a market cap of $18.66 billion, a PE ratio of -4.90 and a beta of 1.64. The firm's 50 day simple moving average is $15.71 and its 200-day simple moving average is $16.18. Rivian Automotive has a one year low of $11.57 and a one year high of $22.69. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.89 and a current ratio of 2.33.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last issued its earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) EPS for the quarter, topping analysts' consensus estimates of ($0.68) by $0.14. Rivian Automotive had a negative net margin of 63.62% and a negative return on equity of 72.68%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted ($0.70) earnings per share. The company's quarterly revenue was down 25.8% compared to the same quarter last year. As a group, equities analysts predict that Rivian Automotive will post -3.04 EPS for the current year.

Insider Activity

In related news, CEO Robert J. Scaringe sold 21,446 shares of the company's stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $16.17, for a total transaction of $346,781.82. Following the completion of the sale, the chief executive officer owned 1,001,138 shares of the company's stock, valued at approximately $16,188,401.46. This represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire Mcdonough sold 10,245 shares of the business's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $18.00, for a total transaction of $184,410.00. Following the completion of the transaction, the chief financial officer owned 946,814 shares in the company, valued at $17,042,652. The trade was a 1.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 148,888 shares of company stock valued at $2,411,276. 2.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rivian Automotive

Large investors have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd increased its position in shares of Rivian Automotive by 244.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,624,707 shares of the electric vehicle automaker's stock valued at $23,851,000 after purchasing an additional 1,152,551 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Rivian Automotive by 211.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 265,600 shares of the electric vehicle automaker's stock valued at $3,899,000 after purchasing an additional 180,200 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Rivian Automotive by 36.4% in the 3rd quarter. New York State Common Retirement Fund now owns 597,353 shares of the electric vehicle automaker's stock valued at $8,769,000 after purchasing an additional 159,400 shares during the last quarter. DNB Asset Management AS increased its position in shares of Rivian Automotive by 85.4% in the 3rd quarter. DNB Asset Management AS now owns 728,262 shares of the electric vehicle automaker's stock valued at $10,691,000 after purchasing an additional 335,511 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of Rivian Automotive in the 3rd quarter valued at approximately $2,929,000. 66.25% of the stock is currently owned by institutional investors and hedge funds.

Key Rivian Automotive News

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Q1 beat driven by higher deliveries and software growth — Rivian topped EPS and revenue estimates, reported year-over-year delivery gains and rising software & services revenue, validating improving unit economics as R2 production begins. Zacks: Rivian Q1 Earnings Beat
• Positive Sentiment: R2 production ramp and Georgia plant capacity increase — Rivian has begun scalable R2 production and raised initial Georgia plant capacity to 300k units (50% higher), a move aimed at lowering per‑unit costs over time. These operational levers justify upside if demand materializes. BusinessWire: Optimized Capacity Plan
• Positive Sentiment: Analyst support remains — Multiple firms reaffirmed buy/outperform or raised targets (Benchmark, Needham, BNP Paribas Exane, Cantor Fitzgerald raised its PT), leaving sizable upside in broker models that can prop investor interest. Benzinga: Analyst Notes
• Neutral Sentiment: DOE loan amended and timing changed — Rivian renegotiated its DOE loan down to $4.5B (from ~$6.6B) but can draw funds sooner; that reduces long‑term headroom while accelerating near‑term liquidity access. Market reaction depends on how investors weigh later capacity vs earlier funding. Reuters: DOE Loan Change
• Negative Sentiment: Cash burn and margin/cash‑flow worries pressured sentiment — Despite the beat, investors focused on elevated automotive losses, rising costs and ongoing cash consumption that could require more financing or slow path to positive free cash flow. Fool: Cash Burn Focus
• Negative Sentiment: Customer concentration and demand signals raised concern — Commentators flagged growing reliance on Amazon for auto revenue and investors noted that management did not provide stronger R2 demand clarity, prompting short‑term selling. Invezz: Amazon Reliance

Rivian Automotive Company Profile

Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.

Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.