Rivian Automotive (NASDAQ:RIVN) Stock Price Down 2.1% - What's Next?

Key Points

• Rivian's shares fell 2.1% to $15.01 on Monday (intraday low $14.70) on ~20.12M shares traded, about 35% below its average session volume.
• Analysts are split—nine Buys, nine Holds and six Sells—with a consensus rating of "Hold" and a consensus price target of $18.10, while recent price targets range from $12 to $25.
• Rivian slightly beat Q4 estimates (EPS -$0.66 vs -$0.68; revenue $1.29B vs $1.27B) but revenue fell 25.8% year‑over‑year and the company remains unprofitable with a roughly -67.7% net margin and negative ROE.

Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report)'s share price traded down 2.1% on Monday . The stock traded as low as $14.70 and last traded at $15.01. 20,121,876 shares were traded during trading, a decline of 35% from the average session volume of 31,175,832 shares. The stock had previously closed at $15.33.

Analysts Set New Price Targets

RIVN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised Rivian Automotive from a "hold" rating to a "buy" rating and lifted their target price for the stock from $16.00 to $23.00 in a report on Friday, February 13th. Wall Street Zen downgraded shares of Rivian Automotive from a "hold" rating to a "strong sell" rating in a report on Sunday, February 15th. Benchmark increased their price objective on shares of Rivian Automotive from $18.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Morgan Stanley reissued an "underweight" rating and set a $12.00 target price on shares of Rivian Automotive in a report on Monday, December 8th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Rivian Automotive in a report on Monday, February 9th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company's stock. According to data from MarketBeat, Rivian Automotive has an average rating of "Hold" and a consensus price target of $18.10.

Rivian Automotive Stock Performance

The firm's 50 day moving average price is $17.11 and its 200-day moving average price is $15.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.89 and a current ratio of 2.33. The firm has a market capitalization of $18.63 billion, a PE ratio of -4.89 and a beta of 1.74.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.66) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.Rivian Automotive's revenue for the quarter was down 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.70) EPS. On average, research analysts expect that Rivian Automotive, Inc. will post -3.2 EPS for the current year.

Insider Activity

In related news, Director Peter Krawiec sold 3,655 shares of Rivian Automotive stock in a transaction on Monday, December 15th. The shares were sold at an average price of $19.45, for a total value of $71,089.75. Following the sale, the director owned 29,122 shares of the company's stock, valued at approximately $566,422.90. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Claire Mcdonough sold 27,133 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 transaction of $455,834.40. Following the completion of the sale, the chief financial officer directly owned 680,836 shares of the company's stock, valued at approximately $11,438,044.80. The trade was a 3.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,737 shares of company stock worth $2,922,209 over the last three months. 2.16% of the stock is currently owned by corporate insiders.

Institutional Trading of Rivian Automotive

Several institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Rivian Automotive during the 4th quarter worth about $220,323,000. Renaissance Technologies LLC boosted its holdings in Rivian Automotive by 32.4% in the 4th quarter. Renaissance Technologies LLC now owns 16,397,496 shares of the electric vehicle automaker's stock worth $323,195,000 after buying an additional 4,012,386 shares during the last quarter. Vanguard Group Inc. increased its stake in Rivian Automotive by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 81,673,512 shares of the electric vehicle automaker's stock worth $1,198,967,000 after buying an additional 2,597,310 shares in the last quarter. Capital International Investors increased its stake in Rivian Automotive by 13.2% during the 4th quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker's stock worth $409,374,000 after buying an additional 2,418,717 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Rivian Automotive by 496.6% during the second quarter. AQR Capital Management LLC now owns 2,305,236 shares of the electric vehicle automaker's stock valued at $31,490,000 after acquiring an additional 1,918,852 shares during the last quarter. Institutional investors and hedge funds own 66.25% of the company's stock.

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.

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