Accelevation (NASDAQ:ACCV) Stock Jumps 11.9% – Time to Buy?

Accelevation Holdings Corp. (NASDAQ:ACCV)’s stock price rose 11.9% on Wednesday. The company traded as high as $15.41 and last traded at $15.06. Approximately 1,062,865 shares changed hands during trading, a decline of 46% from the average daily volume of 1,953,064 shares. The stock had previously closed at $13.46.

Analyst Upgrades and Downgrades

ACCV has been the topic of several research reports. Morgan Stanley started coverage on shares of Accelevation in a research note on Monday. They set an “equal weight” rating and a $18.00 price objective on the stock. Bank of America started coverage on Accelevation in a report on Monday. They set a “buy” rating and a $20.00 target price for the company. Wall Street Zen upgraded Accelevation to a “hold” rating in a research report on Saturday, October 10th. Barclays assumed coverage on Accelevation in a research note on Monday. They set an “overweight” rating and a $20.00 price objective for the company. Finally, Wolfe Research started coverage on Accelevation in a research report on Monday. They issued an “outperform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Accelevation presently has a consensus rating of “Moderate Buy” and an average target price of $19.43.

Accelevation Stock Performance

Insider Transactions at Accelevation

In other Accelevation news, Director Paul D. Donahue acquired 7,000 shares of Accelevation stock in a transaction dated Thursday, October 1st. The stock was bought at an average cost of $18.00 per share, with a total value of $126,000.00. Following the completion of the transaction, the director owned 7,000 shares of the company’s stock, valued at $126,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brent C. Jewell purchased 2,500 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average cost of $18.00 per share, with a total value of $45,000.00. Following the acquisition, the chief operating officer owned 304,068 shares in the company, valued at approximately $5,473,224. This represents a 0.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 227,700 shares of company stock valued at $4,098,600 in the last ninety days.

Accelevation Company Profile

Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure.