Rivian Automotive (NASDAQ:RIVN) Trading Down 3.5% – Should You Sell?

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) were down 3.5% during trading on Friday . The company traded as low as $17.48 and last traded at $17.48. 40,014,512 shares changed hands during trading, an increase of 25% from the average daily volume of 32,109,078 shares. The stock had previously closed at $18.12.

More Rivian Automotive News

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

• Positive Sentiment: California’s new tax incentive could increase demand for Rivian’s lower-priced R2, potentially supporting future sales growth. Rivian Is Getting a Boost From California. Could Other States Follow Suit?
• Positive Sentiment: Analysts remain broadly constructive on Rivian’s long-term story, with price-target increases tied to R2 optimism and improving delivery expectations. Rivian Shares Jump as Stifel Raises Price Target on R2 Optimism
• Neutral Sentiment: UBS lifted its price target on Rivian to $17 while keeping a neutral stance, suggesting limited near-term conviction but some valuation support.
• Neutral Sentiment: Rivian’s recent delivery update and higher full-year forecast support the growth narrative, but investors are still waiting for clearer evidence of scaling progress.
• Negative Sentiment: The 75 million-share offering is the biggest overhang because it dilutes existing shareholders and highlights Rivian’s continued need for capital. Rivian’s 75 Million-Share Offering Turns the R2 Growth Story Into a Dilution Test
• Negative Sentiment: Commentary from Jim Cramer and other coverage frames the financing move as another reminder that capital raises remain a risk for the EV sector and for Rivian specifically. Jim Cramer Shows Dislike for the Discounted Capital Raise From Rivian

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RIVN. Weiss Ratings raised shares of Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 6th. Needham & Company LLC restated a “buy” rating and issued a $23.00 target price on shares of Rivian Automotive in a report on Wednesday, June 10th. Jefferies Financial Group raised their price target on shares of Rivian Automotive from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Tigress Financial reiterated a “buy” rating and set a $25.00 price target on shares of Rivian Automotive in a research note on Friday, April 10th. Finally, BNP Paribas Exane boosted their price objective on Rivian Automotive from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.81.

Rivian Automotive Stock Down 3.5%

The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $21.69 billion, a PE ratio of -5.99 and a beta of 1.60. The stock’s fifty day simple moving average is $15.78 and its 200-day simple moving average is $16.24.

Rivian Automotive (NASDAQ:RIVN) last announced its earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.05. Rivian Automotive had a negative net margin of 63.62% and a negative return on equity of 75.65%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company posted ($0.48) earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that Rivian Automotive, Inc. will post -3.07 EPS for the current fiscal year.

Insider Buying and Selling at Rivian Automotive

In other Rivian Automotive news, CFO Claire Mcdonough sold 8,023 shares of Rivian Automotive stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.00, for a total transaction of $128,368.00. Following the transaction, the chief financial officer owned 887,007 shares of the company’s stock, valued at $14,192,112. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $20.00, for a total value of $400,000.00. Following the completion of the transaction, the director owned 110,000 shares in the company, valued at $2,200,000. The trade was a 15.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 100,076 shares of company stock worth $1,656,286. Insiders own 1.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Core Wealth Advisors LLC bought a new stake in shares of Rivian Automotive during the 4th quarter worth $27,000. SOA Wealth Advisors LLC. increased its holdings in Rivian Automotive by 894.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after buying an additional 1,395 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Rivian Automotive in the fourth quarter worth about $33,000. Glass Jacobson Investment Advisors llc raised its position in Rivian Automotive by 96.3% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,737 shares of the electric vehicle automaker’s stock worth $34,000 after acquiring an additional 852 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its stake in Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 66.25% of the company’s stock.

Rivian Automotive Company Profile

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.