Nuveen LLC Takes $233,000 Position in SES AI Corporation $SES

Nuveen LLC bought a new stake in SES AI Corporation (NYSE:SES) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 447,677 shares of the company’s stock, valued at approximately $233,000. Nuveen LLC owned 0.12% of SES AI at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SES. Brevan Howard Capital Management LP bought a new stake in shares of SES AI in the 4th quarter valued at approximately $25,000. Signaturefd LLC bought a new stake in shares of SES AI in the 1st quarter valued at approximately $26,000. CWM LLC grew its stake in shares of SES AI by 1,427.9% in the 1st quarter. CWM LLC now owns 55,462 shares of the company’s stock valued at $29,000 after buying an additional 51,832 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SES AI in the 4th quarter valued at approximately $44,000. Finally, Cresset Asset Management LLC grew its stake in shares of SES AI by 94.1% in the 4th quarter. Cresset Asset Management LLC now owns 20,288 shares of the company’s stock valued at $44,000 after buying an additional 9,838 shares in the last quarter. Institutional investors own 29.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SES. Cantor Fitzgerald reissued an “overweight” rating and issued a $2.00 price target on shares of SES AI in a research note on Tuesday, June 24th. Wall Street Zen cut 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 and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1.75.

SES AI Stock Up 3.3%

Shares of SES AI stock opened at $1.09 on Friday. The stock has a market capitalization of $396.81 million, a P/E ratio of -3.50 and a beta of 0.40. The stock has a 50 day moving average price of $1.08 and a two-hundred day moving average price of $0.87. SES AI Corporation has a 12-month low of $0.20 and a 12-month high of $2.53.

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

SES AI 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.