Deutsche Bank AG Cuts Stock Holdings in SES AI Corporation $SES

Deutsche Bank AG lowered its position in shares of SES AI Corporation (NYSE:SES) by 44.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,145 shares of the company’s stock after selling 87,146 shares during the quarter. Deutsche Bank AG’s holdings in SES AI were worth $56,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SES. Wells Fargo & Company MN boosted its position in SES AI by 28.7% during the fourth quarter. Wells Fargo & Company MN now owns 76,147 shares of the company’s stock worth $167,000 after acquiring an additional 16,989 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SES AI in the 4th quarter worth approximately $55,000. Barclays PLC lifted its stake in SES AI by 14.5% in the 4th quarter. Barclays PLC now owns 196,719 shares of the company’s stock worth $431,000 after purchasing an additional 24,859 shares in the last quarter. Mariner LLC boosted its holdings in shares of SES AI by 117.3% during 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. Finally, Price T Rowe Associates Inc. MD grew its position in shares of SES AI by 135.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 268,402 shares of the company’s stock valued at $588,000 after purchasing an additional 154,206 shares in the last quarter. 29.78% of the stock is owned by institutional investors and hedge funds.

SES AI Stock Performance

SES stock opened at $1.11 on Tuesday. SES AI Corporation has a one year low of $0.20 and a one year high of $2.53. The firm has a market cap of $407.05 million, a PE ratio of -3.59 and a beta of 0.40. The firm’s 50 day moving average price is $1.06 and its 200-day moving average price is $0.87.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SES shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2.00 price target on shares of SES AI in a report on Tuesday, June 24th. Wall Street Zen downgraded SES AI from a “hold” rating to a “sell” rating in a research note on Sunday, June 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1.50.

About SES AI

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.