SES AI (NYSE:SES) Upgraded at Wall Street Zen

SES AI (NYSE:SES - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

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

SES AI Stock Up 4.9%

NYSE SES traded up $0.04 on Friday, reaching $0.96. The stock had a trading volume of 14,307,931 shares, compared to its average volume of 13,022,090. The stock has a fifty day moving average price of $0.79 and a two-hundred day moving average price of $0.82. SES AI has a 12-month low of $0.20 and a 12-month high of $2.53. The firm has a market capitalization of $352.25 million, a price-to-earnings ratio of -4.17 and a beta of 0.45.

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

Institutional Investors Weigh In On SES AI

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in SES AI by 8.4% in the fourth 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of SES AI by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company's stock valued at $7,141,000 after buying an additional 165,589 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SES AI during the 1st quarter worth $1,064,000. Charles Schwab Investment Management Inc. raised its stake in SES AI by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company's stock worth $625,000 after acquiring an additional 151,420 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in SES AI by 2,314.7% in the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock valued at $593,000 after acquiring an additional 1,090,875 shares during the last quarter. Hedge funds and other institutional investors own 29.78% of the company's stock.

About SES AI

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.