Callan Family Office LLC Acquires New Stake in SES AI Corporation $SES

Callan Family Office LLC acquired a new stake in SES AI Corporation (NYSE:SES) during the second quarter, according to its most recent filing with the SEC. The firm acquired 42,551 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC purchased a new stake in shares of SES AI during the 1st quarter worth $26,000. CWM LLC boosted its position in shares of SES AI by 1,427.9% during the 1st quarter. CWM LLC now owns 55,462 shares of the company’s stock worth $29,000 after purchasing an additional 51,832 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of SES AI during the 1st quarter worth $31,000. Sitrin Capital Management LLC boosted its position in shares of SES AI by 50.0% during the 2nd quarter. Sitrin Capital Management LLC now owns 60,000 shares of the company’s stock worth $53,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of SES AI during the 2nd quarter worth $125,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research report on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and set a $2.00 target price on shares of SES AI in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.00.

SES AI Trading Down 2.5%

Shares of SES stock opened at $3.06 on Friday. The firm has a 50-day moving average price of $1.67 and a 200 day moving average price of $1.17. SES AI Corporation has a twelve month low of $0.20 and a twelve month high of $3.73. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -9.87 and a beta of 0.50.

SES AI (NYSE:SES) last announced its earnings results on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $3.53 million for the quarter, compared to analysts’ expectations of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, research analysts predict that SES AI Corporation will post -0.23 earnings per share for the current year.

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.