Rivian Automotive (NASDAQ:RIVN) Earns “Neutral” Rating from Cantor Fitzgerald

Rivian Automotive (NASDAQ:RIVN)‘s stock had its “neutral” rating reiterated by Cantor Fitzgerald in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $19.00 price objective on the electric vehicle automaker’s stock. Cantor Fitzgerald’s price target points to a potential upside of 15.29% from the company’s previous close.

Several other analysts also recently commented on RIVN. Morgan Stanley raised their price objective on Rivian Automotive from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. BNP Paribas Exane boosted their target price on Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Wall Street Zen raised Rivian Automotive from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 10th. Weiss Ratings upgraded Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 6th. Finally, Piper Sandler raised Rivian Automotive from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $20.00 in a research note on Monday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.95.

Rivian Automotive Trading Up 4.0%

RIVN opened at $16.48 on Tuesday. The firm’s fifty day moving average is $16.38 and its two-hundred day moving average is $15.96. The firm has a market cap of $22.43 billion, a PE ratio of -5.64 and a beta of 1.60. Rivian Automotive has a twelve month low of $11.57 and a twelve month high of $22.69. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.64 and a current ratio of 2.10.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.05. Rivian Automotive had a negative net margin of 63.62% and a negative return on equity of 75.65%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business earned ($0.48) EPS. The firm’s revenue was up 11.4% on a year-over-year basis. Equities research analysts anticipate that Rivian Automotive will post -3.06 EPS for the current year.

Insiders Place Their Bets

In other Rivian Automotive news, CFO Claire Mcdonough sold 8,023 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $16.00, for a total transaction of $128,368.00. Following the completion of the transaction, the chief financial officer owned 887,007 shares in the company, valued at approximately $14,192,112. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 20,000 shares of Rivian Automotive stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. Following the completion of the sale, the director directly owned 110,000 shares in the company, valued at $2,200,000. This represents a 15.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 68,385 shares of company stock worth $1,125,094. Corporate insiders own 1.48% of the company’s stock.

Institutional Investors Weigh In On Rivian Automotive

Hedge funds and other institutional investors have recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new stake in Rivian Automotive in the 4th quarter valued at approximately $27,000. SOA Wealth Advisors LLC. boosted 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 acquiring an additional 1,395 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Rivian Automotive during the 4th quarter worth approximately $33,000. Glass Jacobson Investment Advisors llc grew its stake in shares of Rivian Automotive by 96.3% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock worth $34,000 after acquiring an additional 852 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.

Key Headlines Impacting Rivian Automotive

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Piper Sandler upgraded Rivian to Overweight from Neutral and raised its price target to $20 from $18, implying roughly 26% upside from the prior close. Analyst Alexander Potter cited improving demand, a potentially smoother-than-expected R2 launch, and Rivian’s stronger balance sheet. Why Is Rivian Stock Soaring Today
• Positive Sentiment: Rivian raised its delivery guidance, signaling confidence in vehicle demand and execution. Investors will look for confirmation of that outlook in the upcoming quarterly results. Why Did Rivian Raise Its Delivery Guidance
• Positive Sentiment: Analysts and investors are anticipating evidence of sales traction for Rivian’s new SUV lineup, which could improve the company’s growth outlook and strengthen the case for the R2 product strategy. Rivian’s Next Earnings Report Could Send the Stock Soaring
• Neutral Sentiment: Second-quarter results will likely hinge on higher deliveries and lower costs. However, spending on the R2 launch and manufacturing expansion may continue to pressure operating margins, keeping execution and cash burn central investor concerns. Rivian Gears Up to Report Q2 Earnings
• Positive Sentiment: Rivian is seeking reimbursement of certain tariffs, plus interest. Any recovery could provide a financial benefit, although the timing and outcome remain uncertain. Rivian Wants Tariff Money Back

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.