Rivian Automotive (NASDAQ:RIVN) Shares Down 1.9% - What's Next?

Key Points

• Rivian shares fell 1.9% on Monday to $14.49 on below-average volume (~19.4M vs. avg 30.8M), with a market cap near $17.98B and 50-/200-day moving averages around $15.46 and $15.91.
• Analysts are mixed: the consensus is an average "Hold" rating with a mean target of $18.05, though recent notes range from upgrades (UBS, TD Cowen) to downgrades (Wall Street Zen).
• Rivian beat quarterly EPS estimates (‑$0.54 vs. ‑$0.68) and slightly topped revenue forecasts ($1.29B vs. $1.27B) but saw revenue down 25.8% YoY with deeply negative margins, and insiders (including the CEO and CFO) have recently sold shares (~131,833 shares, ~$2.2M over 90 days).

Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) dropped 1.9% on Monday . The company traded as low as $14.24 and last traded at $14.49. Approximately 19,393,420 shares changed hands during trading, a decline of 37% from the average daily volume of 30,755,006 shares. The stock had previously closed at $14.77.

Wall Street Analysts Forecast Growth

RIVN has been the subject of several recent research reports. UBS Group upgraded shares of Rivian Automotive from a "sell" rating to a "neutral" rating and lifted their target price for the company from $15.00 to $16.00 in a report on Friday, February 13th. Wedbush reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Rivian Automotive in a research report on Friday, February 13th. Wall Street Zen cut Rivian Automotive from a "hold" rating to a "strong sell" rating in a research note on Sunday, February 15th. TD Cowen raised Rivian Automotive from a "hold" rating to a "buy" rating and boosted their target price for the stock from $17.00 to $20.00 in a report on Tuesday, March 10th. Finally, Evercore reissued an "outperform" rating on shares of Rivian Automotive in a research note on Monday, December 15th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat, Rivian Automotive has an average rating of "Hold" and an average target price of $18.05.

Rivian Automotive Trading Down 1.9%

The stock's fifty day moving average price is $15.46 and its 200 day moving average price is $15.91. The company has a quick ratio of 1.89, a current ratio of 2.33 and a debt-to-equity ratio of 0.97. The stock has a market cap of $17.98 billion, a PE ratio of -4.72 and a beta of 1.74.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share for the quarter, topping analysts' consensus estimates of ($0.68) by $0.14. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. The firm's revenue for the quarter was down 25.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.70) EPS. On average, sell-side analysts forecast that Rivian Automotive, Inc. will post -3.2 EPS for the current year.

Insider Buying and Selling at Rivian Automotive

In other news, CEO Robert J. Scaringe sold 34,900 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $16.80, for a total value of $586,320.00. Following the completion of the transaction, the chief executive officer owned 1,044,731 shares in the company, valued at $17,551,480.80. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Claire Mcdonough sold 27,133 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total value of $455,834.40. Following the transaction, the chief financial officer directly owned 680,836 shares in the company, valued at approximately $11,438,044.80. The trade was a 3.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 131,833 shares of company stock valued at $2,196,995 in the last 90 days. Company insiders own 2.16% of the company's stock.

Institutional Trading of Rivian Automotive

A number of institutional investors have recently made changes to their positions in RIVN. Newbridge Financial Services Group Inc. raised its holdings in shares of Rivian Automotive by 113.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker's stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. Core Wealth Advisors LLC bought a new position in Rivian Automotive during the fourth quarter valued at approximately $27,000. Mather Group LLC. purchased a new stake in Rivian Automotive in the third quarter worth approximately $30,000. Hemington Wealth Management boosted its holdings in Rivian Automotive by 291.0% in the third quarter. Hemington Wealth Management now owns 2,123 shares of the electric vehicle automaker's stock worth $31,000 after purchasing an additional 1,580 shares during the last quarter. Finally, SOA Wealth Advisors LLC. grew its position in Rivian Automotive by 894.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker's stock worth $31,000 after purchasing an additional 1,395 shares during the period. Hedge funds and other institutional investors own 66.25% of the company's stock.

About Rivian Automotive

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.

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