BNP Paribas Financial Markets Takes Position in SES AI Co. (NYSE:SES)

BNP Paribas Financial Markets bought a new stake in shares of SES AI Co. (NYSE:SES) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,076 shares of the company’s stock, valued at approximately $44,000.

Several other hedge funds have also modified their holdings of SES. JPMorgan Chase & Co. raised its position in SES AI by 151.8% during the fourth quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company’s stock valued at $1,009,000 after buying an additional 277,688 shares during the period. Savant Capital LLC acquired a new position in SES AI in the 4th quarter worth about $66,000. Mariner LLC increased its position in SES AI by 117.3% in the 4th quarter. Mariner LLC now owns 83,931 shares of the company’s stock worth $184,000 after purchasing an additional 45,303 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in SES AI in the 4th quarter worth about $254,000. Finally, Bank of Montreal Can acquired a new position in SES AI in the 4th quarter worth about $48,000. 29.78% of the stock is owned by hedge funds and other institutional investors.

SES AI Stock Performance

Shares of NYSE SES opened at $0.92 on Wednesday. The firm has a market cap of $335.67 million, a price-to-earnings ratio of -3.98 and a beta of 0.45. The business’s 50-day simple moving average is $0.78 and its 200-day simple moving average is $0.82. SES AI Co. has a 52 week low of $0.20 and a 52 week high of $2.53.

SES AI (NYSE:SES) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $5.79 million for the quarter, compared to analyst estimates of $2.00 million. As a group, equities research analysts forecast that SES AI Co. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

SES has been the topic of several research reports. Wall Street Zen raised SES AI from a “sell” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald initiated coverage on SES AI in a research report on Tuesday, May 20th. They issued an “overweight” rating and a $2.00 target price on the stock.

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.