SES AI (NYSE:SES) Cut to "Sell" at Wall Street Zen

Wall Street Zen cut shares of SES AI (NYSE:SES - Free Report) from a hold rating to a sell rating in a research note issued to investors on Sunday.

Separately, Cantor Fitzgerald started coverage on shares of SES AI in a research report on Tuesday, May 20th. They set an "overweight" rating and a $2.00 target price on the stock.

SES AI Stock Up 1.9%

Shares of NYSE:SES traded up $0.02 during trading on Friday, reaching $1.01. The stock had a trading volume of 5,207,511 shares, compared to its average volume of 13,188,469. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53. The firm has a market capitalization of $368.69 million, a price-to-earnings ratio of -4.37 and a beta of 0.41. The stock has a fifty day simple moving average of $0.83 and a two-hundred day simple moving average of $0.85.

SES AI (NYSE:SES - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The company had revenue of $5.79 million for the quarter, compared to the consensus estimate of $2.00 million. On average, analysts forecast that SES AI will post -0.23 EPS for the current year.

Hedge Funds Weigh In On SES AI

A number of institutional investors and hedge funds have recently bought and sold shares of SES. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SES AI during the first quarter worth $1,064,000. AQR Capital Management LLC boosted its stake in shares of SES AI by 2,314.7% in the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock valued at $593,000 after purchasing an additional 1,090,875 shares in the last quarter. Invesco Ltd. boosted its stake in shares of SES AI by 1,537.2% in the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company's stock valued at $465,000 after purchasing an additional 837,982 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of SES AI in the 1st quarter valued at $339,000. Finally, Vanguard Group Inc. boosted its stake in shares of SES AI by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock valued at $17,186,000 after purchasing an additional 608,676 shares in the last quarter. Institutional investors own 29.78% of the company's stock.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.