ProShare Advisors LLC Has $80,000 Stock Holdings in SES AI Co. (NYSE:SES)

ProShare Advisors LLC lifted its stake in SES AI Co. (NYSE:SES) by 49.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,677 shares of the company’s stock after acquiring an additional 12,068 shares during the quarter. ProShare Advisors LLC’s holdings in SES AI were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc acquired a new position in SES AI during the fourth quarter worth $25,000. Brevan Howard Capital Management LP acquired a new position in SES AI during the fourth quarter worth $25,000. Cibc World Markets Corp acquired a new position in SES AI during the fourth quarter worth $27,000. Optas LLC acquired a new position in SES AI during the fourth quarter worth $27,000. Finally, SBI Securities Co. Ltd. acquired a new position in SES AI during the fourth quarter worth $30,000. 29.78% of the stock is owned by institutional investors and hedge funds.

SES AI Trading Up 10.5%

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 company has a 50 day moving average of $0.78 and a 200-day moving average of $0.82. SES AI Co. has a 1-year low of $0.20 and a 1-year high of $2.53.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of SES AI from a “sell” rating to a “hold” rating in a report on Saturday. Cantor Fitzgerald assumed coverage on shares of SES AI in a report on Tuesday, May 20th. They set an “overweight” rating and a $2.00 price target for the company.

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.