Gables Capital Management Inc. acquired a new stake in Archer Aviation Inc. (NYSE:ACHR – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 159,900 shares of the company’s stock, valued at approximately $795,000.
Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Archer Aviation by 7.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,072,347 shares of the company’s stock valued at $40,120,000 after purchasing an additional 549,998 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Archer Aviation by 703.3% in the first quarter. Renaissance Technologies LLC now owns 2,514,300 shares of the company’s stock valued at $12,999,000 after purchasing an additional 2,201,300 shares during the period. Bank of America Corp DE boosted its stake in shares of Archer Aviation by 33.2% in the first quarter. Bank of America Corp DE now owns 2,136,942 shares of the company’s stock valued at $11,048,000 after purchasing an additional 532,762 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Archer Aviation in the second quarter valued at $10,190,000. Finally, Swiss National Bank grew its holdings in Archer Aviation by 0.4% during the 1st quarter. Swiss National Bank now owns 1,221,700 shares of the company’s stock valued at $6,316,000 after purchasing an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.
Archer Aviation Stock Performance
Archer Aviation stock opened at $4.70 on Wednesday. The stock has a market cap of $3.62 billion, a P/E ratio of -3.82 and a beta of 3.59. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $4.83 and a 200-day moving average of $5.69. Archer Aviation Inc. has a 52 week low of $3.62 and a 52 week high of $9.29.
Archer Aviation (NYSE:ACHR – Get Free Report) last released its quarterly earnings results on Monday, November 9th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.01). The company had revenue of $5.10 million for the quarter, compared to analyst estimates of $3.57 million. Archer Aviation had a negative return on equity of 44.78% and a negative net margin of 7,869.17%. During the same period in the previous year, the business posted ($0.20) EPS. On average, analysts expect that Archer Aviation Inc. will post -1.37 EPS for the current fiscal year.
Insider Activity at Archer Aviation
In other Archer Aviation news, CFO Priya Gupta sold 10,015 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $6.41, for a total transaction of $64,196.15. Following the completion of the transaction, the chief financial officer directly owned 202,784 shares of the company’s stock, valued at $1,299,845.44. This trade represents a 4.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Harsh Rungta sold 13,880 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $6.41, for a total transaction of $88,970.80. Following the transaction, the chief accounting officer directly owned 110,847 shares of the company’s stock, valued at approximately $710,529.27. This represents a 11.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 176,657 shares of company stock valued at $1,122,371 over the last ninety days. Corporate insiders own 5.55% of the company’s stock.
Archer Aviation News Summary
Here are the key news stories impacting Archer Aviation this week:
- Positive Sentiment: Archer received an FAA market survey certificate for its Midnight aircraft, enabling piloted operations in Los Angeles. The company was also selected as the city’s official air-taxi operator for the 2028 Olympics—potentially raising its profile, though further certification is needed before passenger service. Archer Aviation’s FAA Certificate Is a Milestone, But It Isn’t the Final One
- Positive Sentiment: Third-quarter revenue was $5.1 million, ahead of analysts’ roughly $3.6 million estimate. Archer forecast fourth-quarter revenue of $5 million to $6 million, modestly above the $4.9 million consensus. Archer Q3 Revenue
- Positive Sentiment: Management said its Boeing transaction is nearing close; Boeing could become Archer’s largest shareholder. The deal is also part of the company’s effort to expand into defense markets. Archer Announces Q3 2026 Results
- Neutral Sentiment: Archer ended the quarter with about $1.4 billion in cash, providing substantial funding for aircraft development and certification, although the business continues to incur heavy losses. Archer Q3 Earnings and Cash Reserve
- Negative Sentiment: Archer reported a third-quarter loss of $0.35 per share, slightly worse than the $0.34 consensus and wider than its year-earlier loss. The miss reinforced concerns about rising costs and the time required to reach commercial service. Why Archer Aviation Stock Took a Dive
- Negative Sentiment: Several analysts lowered price targets, including Needham ($9 to $7), Cantor Fitzgerald ($11 to $10) and Deutsche Bank ($12 to $10). They retained positive ratings, but the reductions temper the near-term outlook. Analysts Weigh FAA Progress and Price Target Cuts
Analyst Ratings Changes
Several research firms recently issued reports on ACHR. Needham & Company LLC dropped their price target on shares of Archer Aviation from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday. HC Wainwright reissued a “buy” rating on shares of Archer Aviation in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Archer Aviation in a research note on Thursday, October 15th. Cantor Fitzgerald lowered their target price on Archer Aviation from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company set a $18.00 target price on Archer Aviation in a research report on Tuesday, August 11th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.00.
Check Out Our Latest Report on ACHR
Archer Aviation Profile
Archer Aviation is an aerospace company based in San Jose, California, that develops electric vertical takeoff and landing (eVTOL) aircraft and related services. Its aircraft are designed for short passenger trips, including potential air taxi routes between urban areas and nearby airports. The company’s primary aircraft is Midnight, a piloted eVTOL designed to carry four passengers and a pilot. Archer is working to bring the aircraft to commercial service, subject to regulatory approvals, and is pursuing operations in the United States and international markets.
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