Rivian Automotive (NASDAQ:RIVN) Shares Up 2.9% – Still a Buy?
by Doug Wharley · The Cerbat GemRivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report)’s share price rose 2.9% during mid-day trading on Thursday . The stock traded as high as $17.04 and last traded at $16.89. Approximately 28,676,906 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 29,684,939 shares. The stock had previously closed at $16.41.
Key Headlines Impacting Rivian Automotive
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian and Redwood Materials will deploy more than 100 second‑life Rivian battery packs to create an on‑site ~10 MWh energy storage system at Rivian’s Normal, Illinois manufacturing facility — intended to cut peak energy costs, reduce grid strain, and provide a reuse pathway that could extract additional value from retired packs. This operational and ESG win is the primary near‑term catalyst for the stock. Rivian and Redwood Materials Announce Energy Storage Partnership for Manufacturing
- Positive Sentiment: Coverage and press mention of the Redwood deal across outlets (Zacks, InsiderMonkey, Yahoo) is reinforcing investor perception that Rivian is executing pragmatic cost-reduction and sustainability projects while recycling battery inventory — supporting sentiment and short‑term buying. Rivian (RIVN) Partners with Redwood on Battery Storage Project
- Neutral Sentiment: Analysts and outlets are asking whether recent partner announcements (including broader partnership chatter such as Volkswagen links) should change Rivian’s valuation; these discussions keep the stock under active reappraisal but don’t yet provide clear near‑term earnings upgrades. Is It Time To Reassess Rivian (RIVN) After Recent Volkswagen Partnership News?
- Negative Sentiment: New competition headlines (e.g., Kia targeting U.S. pickups) are being noted by investors; while long‑term competitive pressure in the EV truck segment is a risk, most coverage suggests this is not an immediate threat to Rivian’s near‑term execution. Still, competition remains a watch item for longer‑term margins and market share. Should Rivian Worry About Its Brand New Competitor? Hint: Not One Bit.
Analyst Upgrades and Downgrades
RIVN has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Rivian Automotive from a “hold” rating to a “buy” rating and upped their target price for the company from $16.00 to $23.00 in a report on Friday, February 13th. Bank of America initiated coverage on shares of Rivian Automotive in a report on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 target price for the company. Wells Fargo & Company upped their target price on shares of Rivian Automotive from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Benchmark restated a “buy” rating on shares of Rivian Automotive in a report on Thursday, March 12th. Finally, TD Cowen upgraded shares of Rivian Automotive from a “hold” rating to a “buy” rating and upped their target price for the company from $17.00 to $20.00 in a report on Tuesday, March 10th. Eleven 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.05.
Read Our Latest Analysis on Rivian Automotive
Rivian Automotive Stock Performance
The stock has a market cap of $20.96 billion, a price-to-earnings ratio of -5.50 and a beta of 1.69. The stock’s 50 day moving average is $15.43 and its two-hundred day moving average is $15.96. The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97.
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last issued its quarterly 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 firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.70) EPS. Analysts anticipate that Rivian Automotive, Inc. will post -3.2 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related 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 transaction of $455,834.40. Following the completion of the sale, the chief financial officer owned 680,836 shares in the company, valued at $11,438,044.80. This represents a 3.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert J. Scaringe sold 21,446 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $16.17, for a total transaction of $346,781.82. Following the sale, the chief executive officer owned 1,001,138 shares of the company’s stock, valued at approximately $16,188,401.46. This represents a 2.10% 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. In the last quarter, insiders have sold 156,093 shares of company stock valued at $2,506,590. 2.16% of the stock is owned by company insiders.
Hedge Funds Weigh In On Rivian Automotive
Large investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its position in Rivian Automotive by 113.6% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after buying an additional 1,000 shares during the last quarter. Core Wealth Advisors LLC purchased a new position in Rivian Automotive during the 4th quarter worth $27,000. Mather Group LLC. purchased a new position in Rivian Automotive during the 3rd quarter worth $30,000. Hemington Wealth Management raised its position in Rivian Automotive by 291.0% during the 3rd quarter. Hemington Wealth Management now owns 2,123 shares of the electric vehicle automaker’s stock worth $31,000 after buying an additional 1,580 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in Rivian Automotive by 894.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after buying an additional 1,395 shares during the last quarter. Hedge funds and other institutional investors 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.