Rivian Automotive (RIVN) Projected to Post Earnings on Tuesday

Rivian Automotive (NASDAQ:RIVN) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect Rivian Automotive to post earnings of ($0.80) per share and revenue of $981.52 million for the quarter.

Rivian Automotive (NASDAQ:RIVN) last released its earnings results on Thursday, February 20th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.06. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.43 billion. Rivian Automotive had a negative return on equity of 66.26% and a negative net margin of 95.51%. On average, analysts expect Rivian Automotive to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Rivian Automotive Price Performance

Rivian Automotive stock opened at $13.83 on Friday. The business’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $12.23. The company has a quick ratio of 3.70, a current ratio of 5.09 and a debt-to-equity ratio of 0.93. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of -2.93 and a beta of 1.89. Rivian Automotive has a 12-month low of $9.25 and a 12-month high of $18.86.

Insider Activity

In other Rivian Automotive news, CFO Claire Mcdonough sold 6,856 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $14.26, for a total value of $97,766.56. Following the sale, the chief financial officer now owns 335,076 shares in the company, valued at approximately $4,778,183.76. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert J. Scaringe sold 35,713 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $11.46, for a total transaction of $409,270.98. Following the transaction, the chief executive officer now directly owns 853,011 shares of the company’s stock, valued at $9,775,506.06. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,427 shares of company stock worth $2,154,905 over the last three months. Corporate insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On Rivian Automotive

An institutional investor recently raised its position in Rivian Automotive stock. Brighton Jones LLC increased its stake in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) by 28.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,685 shares of the electric vehicle automaker’s stock after acquiring an additional 3,864 shares during the period. Brighton Jones LLC’s holdings in Rivian Automotive were worth $235,000 as of its most recent filing with the SEC. 66.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Cowen began coverage on shares of Rivian Automotive in a research report on Thursday, March 6th. They set a “hold” rating for the company. Truist Financial lifted their target price on shares of Rivian Automotive from $12.00 to $14.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. The Goldman Sachs Group dropped their target price on shares of Rivian Automotive from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Benchmark restated a “buy” rating and issued a $18.00 price target on shares of Rivian Automotive in a research report on Tuesday, March 18th. Finally, UBS Group dropped their price objective on Rivian Automotive from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Rivian Automotive currently has a consensus rating of “Hold” and an average price target of $14.08.

About Rivian Automotive

Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.