Rivian Automotive (NASDAQ:RIVN) Trading Up 3% - Time to Buy?

Key Points

• Rivian shares rose about 3% to $15.90 on Monday with roughly 22.3M shares traded (below the ~29.8M average); the 50‑day and 200‑day moving averages are $15.33 and $15.95.
• Analyst sentiment is mixed—11 Buys, 9 Holds and 6 Sells—resulting in an average rating of “Hold” and an average price target of $18.05, though some firms have recently upgraded targets into the $20–$22 range.
• Rivian beat quarterly EPS and revenue estimates (-$0.54 EPS vs -$0.68 expected; $1.29B revenue vs $1.27B) but remains unprofitable with negative margins and year‑over‑year revenue decline, and insiders have sold shares recently.

Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) shares were up 3% on Monday . The company traded as high as $15.99 and last traded at $15.90. Approximately 22,281,612 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 29,794,494 shares. The stock had previously closed at $15.43.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RIVN shares. TD Cowen upgraded shares of Rivian Automotive from a "hold" rating to a "buy" rating and boosted their target price for the company from $17.00 to $20.00 in a research note on Tuesday, March 10th. Canaccord Genuity Group reiterated a "buy" rating and issued a $22.00 target price on shares of Rivian Automotive in a research note on Monday, April 6th. Benchmark reiterated a "buy" rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Wells Fargo & Company boosted their target price on shares of Rivian Automotive from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Friday, February 13th. Finally, UBS Group raised shares of Rivian Automotive from a "sell" rating to a "neutral" rating and boosted their price target for the company from $15.00 to $16.00 in a research report on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Rivian Automotive presently has an average rating of "Hold" and an average target price of $18.05.

Rivian Automotive Stock Up 3.0%

The stock's fifty day moving average is $15.33 and its two-hundred day moving average is $15.95. The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97. The firm has a market cap of $19.73 billion, a P/E ratio of -5.18 and a beta of 1.69.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last posted its earnings results 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 business had revenue of $1.29 billion for 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%. Rivian Automotive's revenue was down 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.70) EPS. As a group, research analysts anticipate that Rivian Automotive, Inc. will post -3.2 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Claire Mcdonough sold 27,133 shares of the 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 owned 680,836 shares of the company's stock, valued at $11,438,044.80. This represents a 3.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert J. Scaringe sold 20,264 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $15.00, for a total transaction of $303,960.00. Following the completion of the transaction, the chief executive officer directly owned 1,022,584 shares in the company, valued at $15,338,760. The trade was a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 134,647 shares of company stock worth $2,159,808 in the last ninety days. 2.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rivian Automotive

A number of institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its holdings in shares of Rivian Automotive by 6.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 55,391 shares of the electric vehicle automaker's stock worth $1,092,000 after buying an additional 3,119 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of Rivian Automotive in the 4th quarter worth $57,000. Corient Private Wealth LLC increased its holdings in shares of Rivian Automotive by 41.6% in the 4th quarter. Corient Private Wealth LLC now owns 94,501 shares of the electric vehicle automaker's stock worth $1,863,000 after buying an additional 27,785 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Rivian Automotive by 2,212.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 62,168 shares of the electric vehicle automaker's stock worth $1,225,000 after buying an additional 59,480 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of Rivian Automotive by 8,210.2% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 10,554 shares of the electric vehicle automaker's stock worth $208,000 after buying an additional 10,427 shares during the last quarter. 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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