Franklin Resources Inc. Takes Position in SES AI Corporation $SES

Franklin Resources Inc. bought a new position in shares of SES AI Corporation (NYSE:SES) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 611,408 shares of the company’s stock, valued at approximately $543,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Funds Management Pty Ltd bought a new stake in SES AI during the second quarter worth about $55,000. SBI Securities Co. Ltd. lifted its holdings in shares of SES AI by 143.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 67,988 shares of the company’s stock worth $60,000 after acquiring an additional 40,008 shares during the period. Savant Capital LLC boosted its position in shares of SES AI by 32.1% during the 2nd quarter. Savant Capital LLC now owns 58,118 shares of the company’s stock worth $52,000 after acquiring an additional 14,118 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of SES AI during the 2nd quarter worth approximately $41,000. Finally, FNY Investment Advisers LLC bought a new position in SES AI in the second quarter valued at approximately $65,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

SES AI Stock Performance

Shares of SES opened at $2.09 on Tuesday. SES AI Corporation has a 52 week low of $0.36 and a 52 week high of $3.73. The stock has a market capitalization of $761.17 million, a price-to-earnings ratio of -7.45 and a beta of 0.56. The stock has a fifty day moving average of $2.31 and a 200-day moving average of $1.53.

SES AI (NYSE:SES) last issued its earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%.The firm had revenue of $7.12 million during the quarter, compared to analyst estimates of $4.58 million. As a group, equities analysts forecast that SES AI Corporation will post -0.23 EPS for the current year.

Insider Activity

In related news, insider Hong Gan sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $1.90, for a total value of $285,000.00. Following the completion of the transaction, the insider owned 1,253,286 shares in the company, valued at $2,381,243.40. This trade represents a 10.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SES has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, October 8th. Cantor Fitzgerald boosted their price target on SES AI from $2.00 to $4.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.00.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.