Rivian Automotive (NASDAQ:RIVN) Stock Price Down 1.9% – What’s Next?

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) traded down 1.9% during trading on Monday . The company traded as low as $14.24 and last traded at $14.49. 19,393,420 shares traded hands during trading, a decline of 37% from the average session volume of 30,755,006 shares. The stock had previously closed at $14.77.

Key Rivian Automotive News

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Also (Rivian’s autonomy spinoff) closed a $200M Series C tied to a multi?year DoorDash partnership; DoorDash will take a board seat and the deal will deploy small autonomous EVs for deliveries — a clear commercial path for Rivian’s autonomy ecosystem. Rivian’s Also DoorDash deal tests autonomy platform
• Positive Sentiment: Also was valued at roughly $1 billion as part of the DoorDash/Greenoaks funding round — this helps monetize Rivian’s autonomy IP and gives investors a clearer growth story beyond vehicle sales. Also valued at $1 billion
• Positive Sentiment: Volkswagen announced a $1 billion investment in Rivian, signaling strategic endorsement and providing a large, patient capital anchor for Rivian’s balance sheet and capacity plans. That kind of OEM backing can reduce execution risk in investors’ view. VW $1B investment in Rivian
• Positive Sentiment: Analysts have reaffirmed bullish views after the Uber cooperation (Stifel kept a Buy/$20 target) noting longer?term upside from ride?hailing and delivery fleet deployments (potentially tens of thousands of vehicles). Analysts reaffirm buy after Uber deal
• Neutral Sentiment: DA Davidson upgraded Rivian from Underperform to Neutral citing valuation after the pullback but set a $14 price target — below the current quote, implying limited near?term upside in their view. DA Davidson upgrade to Neutral
• Neutral Sentiment: Coverage pieces summarizing today’s move note the above catalysts (Also/DoorDash, VW, analyst notes) as the drivers of the rally; they’re useful synopses but add little new fundamental data. MSN roundup
• Neutral Sentiment: Macro/market stories (SpaceX IPO banker roundup; Micron results) are in the newsflow but are indirect to Rivian — they can affect broad market sentiment but not Rivian’s specific outlook. SpaceX bankers
• Negative Sentiment: Rivian remains unprofitable with negative margins and y/y revenue declines; consensus still expects multi?year losses (analysts forecast negative EPS for the year). That structural profitability risk, plus mixed analyst price targets, caps upside until clearer earnings improvement. Market fundamental snapshot

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Rivian Automotive from a “hold” rating to a “strong sell” rating in a research note on Sunday, February 15th. Wells Fargo & Company raised their price target on Rivian Automotive from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Bank of America initiated coverage on Rivian Automotive in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 price objective on the stock. Piper Sandler reduced their target price on Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded Rivian Automotive from a “hold” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $23.00 in a research report on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rivian Automotive currently has an average rating of “Hold” and an average target price of $18.05.

Rivian Automotive Stock Down 0.7%

The company has a quick ratio of 1.89, a current ratio of 2.33 and a debt-to-equity ratio of 0.97. The stock has a market cap of $18.54 billion, a P/E ratio of -4.87 and a beta of 1.75. The company’s 50 day moving average price is $15.40 and its two-hundred day moving average price is $15.92.

Rivian Automotive (NASDAQ:RIVN) last released its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.14. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted ($0.70) EPS. Rivian Automotive’s quarterly revenue was down 25.8% on a year-over-year basis. As a group, research analysts expect that Rivian Automotive, Inc. will post -3.2 earnings per share for the current year.

Insider Activity

In related news, CFO Claire Mcdonough sold 27,133 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total value of $455,834.40. Following the completion of the sale, the chief financial officer directly owned 680,836 shares of the company’s stock, valued at $11,438,044.80. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert J. Scaringe sold 17,450 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $15.60, for a total transaction of $272,220.00. Following the transaction, the chief executive officer owned 1,042,848 shares in the company, valued at approximately $16,268,428.80. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 131,833 shares of company stock valued at $2,196,995 over the last 90 days. 2.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rivian Automotive

Institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its position in Rivian Automotive by 6.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 55,391 shares of the electric vehicle automaker’s stock valued at $1,092,000 after acquiring an additional 3,119 shares in the last quarter. Osbon Capital Management LLC bought a new position in shares of Rivian Automotive in the 4th quarter worth $57,000. Corient Private Wealth LLC raised its position in shares of Rivian Automotive by 41.6% in the 4th quarter. Corient Private Wealth LLC now owns 94,501 shares of the electric vehicle automaker’s stock worth $1,863,000 after acquiring an additional 27,785 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Rivian Automotive by 2,212.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 62,168 shares of the electric vehicle automaker’s stock worth $1,225,000 after purchasing an additional 59,480 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its position in Rivian Automotive by 8,210.2% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 10,554 shares of the electric vehicle automaker’s stock valued at $208,000 after purchasing an additional 10,427 shares in the last quarter. 66.25% of the stock is owned by hedge funds and other institutional investors.

About Rivian Automotive

Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.

Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.