Zacks Research Begins Coverage on Accelevation (NASDAQ:ACCV)

Equities research analysts at Zacks Research began coverage on shares of Accelevation (NASDAQ:ACCV) in a research note issued on Tuesday, Zacks reports. The brokerage set a “hold” rating on the stock.

A number of other analysts have also issued reports on the stock. William Blair set a $20.00 target price on shares of Accelevation in a research note on Monday. Robert W. Baird began coverage on Accelevation in a research note on Monday. They set an “outperform” rating and a $16.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Accelevation in a report on Monday. They set a “buy” rating and a $22.00 price objective on the stock. Barclays assumed coverage on shares of Accelevation in a research note on Monday. They issued an “overweight” rating and a $20.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Accelevation in a research note on Monday. They set an “overweight” rating and a $20.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.43.

Accelevation Stock Performance

Shares of NASDAQ ACCV opened at $15.03 on Tuesday. Accelevation has a fifty-two week low of $11.58 and a fifty-two week high of $18.10.

Insiders Place Their Bets

In other news, CEO Michael Rubiera bought 200,000 shares of Accelevation stock in a transaction that occurred on Thursday, October 1st. The shares were purchased at an average price of $18.00 per share, with a total value of $3,600,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,424,285 shares in the company, valued at $25,637,130. The trade was a 16.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Howard C. Heckes acquired 5,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was acquired at an average price of $18.00 per share, for a total transaction of $90,000.00. Following the acquisition, the director owned 5,000 shares in the company, valued at approximately $90,000. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 227,700 shares of company stock worth $4,098,600.

Trending Headlines about Accelevation

Here are the key news stories impacting Accelevation this week:

• Positive Sentiment: Goldman Sachs began covering Accelevation with a “buy” rating and a $22.00 price target, implying significant upside from the referenced share price. Goldman Sachs coverage and recommendation
• Positive Sentiment: Barclays initiated coverage with an “overweight” rating and a $20.00 price target, also signaling confidence in ACCV’s future performance. Barclays coverage and recommendation
• Neutral Sentiment: Bank of America initiated coverage on Accelevation, adding another major institution to the company’s analyst following. The available report does not disclose a rating or price target. Bank of America initiates coverage on Accelevation
• Neutral Sentiment: JPMorgan Chase added Accelevation to its analyst coverage universe. No rating or target price was provided in the available information. JPMorgan Chase covers Accelevation
• Neutral Sentiment: Morgan Stanley, Wolfe Research, and Robert W. Baird also initiated coverage, increasing ACCV’s visibility among institutional investors. Their ratings and price targets were not disclosed in the supplied reports. Morgan Stanley initiates coverage Wolfe Research initiates coverage Robert W. Baird initiates coverage

Accelevation Company Profile

Accelevation Corporation (NASDAQ: ACCV) is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Accelevation does not manufacture products, provide ongoing commercial services or conduct significant business activities of its own. Its primary activities have consisted of evaluating potential acquisition targets and pursuing a business combination.

Public information about Accelevation’s operating history, geographic footprint and leadership is limited.