<div id="readability-page-1"><p><span>Rivian Automotive (NASDAQ:RIVN - Get Free Report)</span> had its price target upped by equities research analysts at Piper Sandler  from $13.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a &#34;neutral&#34; rating on the electric vehicle automaker's stock. Piper Sandler's price objective suggests a potential downside of 6.76% from the stock's current price.</p><div><p><span></span><span>Get <strong>Rivian Automotive</strong> alerts:</span></p></div><ul><li>Rivian Stock Below $20: Charging Up or in the Breakdown Lane?</li></ul><p>Several other equities research analysts have also recently weighed in on RIVN. Wells Fargo &amp; Company dropped their price objective on Rivian Automotive from $14.00 to $13.00 and set an &#34;equal weight&#34; rating for the company in a report on Wednesday, May 7th. Sanford C. Bernstein started coverage on Rivian Automotive in a report on Wednesday, January 29th. They set an &#34;underperform&#34; rating and a $6.10 price target for the company. TD Cowen started coverage on shares of Rivian Automotive in a report on Friday, March 7th. They issued a &#34;hold&#34; rating and a $12.70 target price for the company. Wedbush cut their target price on shares of Rivian Automotive from $20.00 to $18.00 and set an &#34;outperform&#34; rating for the company in a research note on Wednesday, May 7th. Finally, Benchmark  reiterated a &#34;buy&#34; rating and issued a $18.00 price target on shares of Rivian Automotive in a research report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, eighteen have assigned  a hold rating and six have assigned  a buy rating to the stock. Based on data from MarketBeat, Rivian Automotive  has a consensus rating of &#34;Hold&#34; and an average target price of $14.33.</p><p><b>Check Out Our Latest Stock Report on RIVN</b></p><h2>Rivian Automotive Price Performance</h2><ul><li>3 Stocks With Explosive Sales Growth and Strong Cash Flow</li></ul><p>RIVN stock traded down $0.25 during trading on Thursday, reaching $16.09. 5,018,534 shares of the company were exchanged, compared to its average volume of 36,263,226. The company has a market capitalization of $18.19 billion, a price-to-earnings ratio of -3.40 and a beta of 1.86. Rivian Automotive has a twelve month low of $9.50 and a twelve month high of $18.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.09 and a quick ratio of 3.70. The company has a 50-day moving average of $12.73 and a two-hundred day moving average of $12.63. </p><p>Rivian Automotive (NASDAQ:RIVN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The electric vehicle automaker reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.23. Rivian Automotive had a negative net margin of 95.51% and a negative return on equity of 66.26%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $981.52 million. During the same quarter in the prior year, the company posted ($1.48) earnings per share. The business's revenue was up 3.0% on a year-over-year basis.  As a group, equities analysts predict that  Rivian Automotive will post -3.2 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Rivian Automotive</h2><ul><li>MarketBeat Week in Review – 03/31 - 04/04</li></ul><p>In related news, CFO Claire Mcdonough sold 9,937 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $15.00, for a total transaction of $149,055.00. Following the transaction, the chief financial officer now owns 851,637 shares of the company's stock, valued at $12,774,555. This represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert J. Scaringe sold 71,428 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $15.36, for a total transaction of $1,097,134.08. Following the completion of the transaction, the chief executive officer now owns 1,483,111 shares of the company's stock, valued at $22,780,584.96. This represents a 4.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 384,265 shares of company stock worth $5,201,750. 2.16% of the stock is owned by company insiders. </p><h2>Hedge Funds Weigh In On Rivian Automotive</h2><p>A number of hedge funds have recently made changes to their positions in RIVN. Vanguard Group Inc. increased its position in shares of  Rivian Automotive by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 77,092,693 shares of the electric vehicle automaker's stock worth $959,804,000 after purchasing an additional 5,610,688 shares during the last quarter.  Geode Capital Management LLC grew its position in shares of  Rivian Automotive by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 13,227,560 shares of the electric vehicle automaker's stock worth $175,639,000 after acquiring an additional 227,168 shares in the last quarter.  Capital International Investors acquired a new position in shares of  Rivian Automotive in the 4th quarter worth approximately $144,030,000.  Norges Bank acquired a new stake in shares of  Rivian Automotive during the 4th quarter valued at approximately $123,308,000.  Finally, Soma Equity Partners LP lifted its stake in  Rivian Automotive by 19.9% during the fourth quarter. Soma Equity Partners LP now owns 8,486,109 shares of the electric vehicle automaker's stock worth $112,865,000 after purchasing an additional 1,407,772 shares during the last quarter. Hedge funds and other institutional investors own  66.25% of the company's stock. </p><h2>About Rivian Automotive</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Rivian Automotive</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>These 4 Top Investors Bought Over 6 Million Broadcom Shares in Q1</li><li>What is a Secondary Public Offering? What Investors Need to Know</li><li>Buy the Dip? 3 Oil Stocks Poised for a Big Comeback</li><li>How the NYSE and NASDAQ are Different, Why That Matters to Investors</li><li>Archer Rebuts Short Seller, Points to Strong Q1 &amp; Global Momentum</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UklWTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UklWTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rivian Automotive Right Now?</h2><p>Before you consider Rivian Automotive, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rivian Automotive wasn't on the list.</p><p>While Rivian Automotive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

RIVN

<p>Piper Sandler raised Rivian Automotive's price target from $13.00 to $15.00, maintaining a "neutral" rating. The new target suggests a potential downside of 6.76% from the current price. Rivian's stock traded down to $16.09, with a market cap of $18.19 billion. Analysts have mixed ratings on the stock, with three sell, eighteen hold, and six buy ratings. Rivian reported a quarterly EPS of ($0.57), exceeding estimates, with revenue of $1.24 billion, up 3% year-over-year. Insiders have sold shares recently, indicating some changes in ownership.</p>

Rivian Automotive (NASDAQ:RIVN) Price Target Raised to $15.00 at Piper Sandler