Rivian Automotive (NASDAQ:RIVN) Stock Price Down 5% – Time to Sell?

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) traded down 5% during trading on Friday . The stock traded as low as $13.66 and last traded at $13.79. 41,712,552 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 29,280,900 shares. The stock had previously closed at $14.52.

Key Stories Impacting Rivian Automotive

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

• Positive Sentiment: Rivian’s spinout Mind Robotics raised $400 million at a reported $3.4 billion valuation, which may support the view that Rivian has value beyond EVs and could strengthen investor interest in its broader technology and automation efforts. Article: Mind Robotics Funding Recasts Rivian Story Beyond EVs And Into Robotics
• Neutral Sentiment: Several recent articles noted that Rivian is drawing investor attention, suggesting the market is closely watching upcoming developments such as the R2 launch and broader operating trends. Article: Rivian Automotive, Inc. (RIVN) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: One report said Rivian faces its biggest short-term threat from tougher macro conditions that could complicate the launch and ramp of the R2, keeping sentiment cautious on execution risk. Article: Rivian Faces Its Biggest Short-Term Threat
• Negative Sentiment: Broader EV and valuation commentary remains a headwind for the sector, with articles emphasizing concern over unproven business models and investor caution around stocks like Rivian. Article: 3 Stocks Under $50 That Concern Us

Analyst Ratings Changes

A number of brokerages have recently issued reports on RIVN. DA Davidson increased their price objective on shares of Rivian Automotive from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Rivian Automotive in a research note on Friday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price target on shares of Rivian Automotive in a research report on Friday, May 1st. Piper Sandler cut their price target on shares of Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Finally, Leerink Partners reaffirmed an “outperform” rating on shares of Rivian Automotive in a report on Thursday, March 12th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.57.

Rivian Automotive Price Performance

The stock has a fifty day moving average of $15.57 and a two-hundred day moving average of $16.29. The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of -4.72 and a beta of 1.64.

Rivian Automotive (NASDAQ:RIVN) last posted its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.14. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative return on equity of 75.65% and a negative net margin of 63.62%.The business’s revenue was down 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.70) earnings per share. As a group, equities research analysts forecast that Rivian Automotive, Inc. will post -3.1 earnings per share for the current year.

Insider Transactions at Rivian Automotive

In other Rivian Automotive news, CEO Robert J. Scaringe sold 34,900 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $586,320.00. Following the sale, the chief executive officer owned 1,044,731 shares of the company’s stock, valued at $17,551,480.80. This represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Claire Mcdonough sold 27,133 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $11,438,044.80. The trade was a 3.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 148,888 shares of company stock valued at $2,411,276 over the last ninety days. 2.16% of the stock is currently owned by company insiders.

Institutional Trading of Rivian Automotive

Several hedge funds have recently modified their holdings of the stock. Core Wealth Advisors LLC bought a new position in Rivian Automotive in the 4th quarter worth approximately $27,000. SOA Wealth Advisors LLC. boosted its position in Rivian Automotive by 894.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock valued at $31,000 after buying an additional 1,395 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Rivian Automotive in the 4th quarter valued at $33,000. Glass Jacobson Investment Advisors llc increased its stake in shares of Rivian Automotive by 96.3% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock valued at $34,000 after buying an additional 852 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Rivian Automotive by 113.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. 66.25% of the stock is owned by institutional investors.

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.