Accelevation (NASDAQ:ACCV) Now Covered by Analysts at Zacks Research

Zacks Research initiated coverage on shares of Accelevation (NASDAQ:ACCV) in a research note published on Tuesday morning,Zacks reports. The firm issued a hold rating on the stock.

Several other equities research analysts have also weighed in on ACCV. Robert W. Baird initiated coverage on Accelevation in a research report on Monday. They set an “outperform” rating and a $16.00 price target on the stock. William Blair set a $20.00 target price on shares of Accelevation in a report on Monday. The Goldman Sachs Group initiated coverage on shares of Accelevation in a research report on Monday. They issued a “buy” rating and a $22.00 target price on the stock. Wall Street Zen upgraded shares of Accelevation to a “hold” rating in a research note on Saturday, October 10th. Finally, Bank of America initiated coverage on shares of Accelevation in a research report on Monday. They set a “buy” rating and a $20.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.43.

Accelevation Stock Up 11.7%

ACCV stock opened at $15.03 on Tuesday. Accelevation has a 1 year low of $11.58 and a 1 year high of $18.10.

Insider Activity at Accelevation

In other news, Director Paul D. Donahue bought 7,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were purchased at an average price of $18.00 per share, for a total transaction of $126,000.00. Following the completion of the purchase, the director owned 7,000 shares in the company, valued at approximately $126,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Rubiera purchased 200,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were purchased at an average price of $18.00 per share, for a total transaction of $3,600,000.00. Following the acquisition, the chief executive officer owned 1,424,285 shares of the company’s stock, valued at approximately $25,637,130. The trade was a 16.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 227,700 shares of company stock worth $4,098,600 in the last ninety days.

More Accelevation News

Here are the key news stories impacting Accelevation this week:

• Positive Sentiment: Goldman Sachs began covering Accelevation with a “buy” rating and a $22.00 price target, implying significant upside from the referenced share price. Goldman Sachs coverage and recommendation
• Positive Sentiment: Barclays initiated coverage with an “overweight” rating and a $20.00 price target, also signaling confidence in ACCV’s future performance. Barclays coverage and recommendation
• Neutral Sentiment: Bank of America initiated coverage on Accelevation, adding another major institution to the company’s analyst following. The available report does not disclose a rating or price target. Bank of America initiates coverage on Accelevation
• Neutral Sentiment: JPMorgan Chase added Accelevation to its analyst coverage universe. No rating or target price was provided in the available information. JPMorgan Chase covers Accelevation
• Neutral Sentiment: Morgan Stanley, Wolfe Research, and Robert W. Baird also initiated coverage, increasing ACCV’s visibility among institutional investors. Their ratings and price targets were not disclosed in the supplied reports. Morgan Stanley initiates coverage Wolfe Research initiates coverage Robert W. Baird initiates coverage

Accelevation Company Profile

Accelevation Corporation (NASDAQ: ACCV) is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Accelevation does not manufacture products, provide ongoing commercial services or conduct significant business activities of its own. Its primary activities have consisted of evaluating potential acquisition targets and pursuing a business combination.

Public information about Accelevation’s operating history, geographic footprint and leadership is limited.