2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado acquired a new position in ACV Auctions Inc. ( NASDAQ:ACVA – Free Report ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,324 shares of the company’s stock, valued at approximately $225,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank raised its position in ACV Auctions by 18.0% in the second quarter.
Amalgamated Bank now owns 5,120 shares of the company’s stock worth $93,000 after acquiring an additional 782 shares during the period. UMB Bank n.a.
bought a new stake in ACV Auctions during the first quarter valued at about $114,000. Penn Mutual Asset Management LLC purchased a new stake in ACV Auctions in the fourth quarter worth about $153,000. Blair William & Co.
IL raised its stake in shares of ACV Auctions by 14.7% in the first quarter. Blair William & Co.
IL now owns 12,691 shares of the company’s stock worth $238,000 after buying an additional 1,626 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of ACV Auctions by 8.5% during the 1st quarter.
ProShare Advisors LLC now owns 22,843 shares of the company’s stock valued at $429,000 after buying an additional 1,798 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.
Wall Street Analyst Weigh In ACVA has been the subject of several analyst reports. JMP Securities increased their target price on shares of ACV Auctions from $21.00 to $24.
00 and gave the stock a “market outperform” rating in a report on Tuesday, September 17th. Needham & Company LLC restated a “buy” rating and set a $23.00 price objective on shares of ACV Auctions in a research report on Monday, June 3rd.
JPMorgan Chase & Co. raised shares of ACV Auctions from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a report on Monday, June 10th.
Raymond James started coverage on ACV Auctions in a research note on Friday. They issued a “market perform” rating and a $22.00 price target for the company.
Finally, Barrington Research restated an “outperform” rating and issued a $23.00 price objective on shares of ACV Auctions in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company.
According to MarketBeat, ACV Auctions has an average rating of “Moderate Buy” and an average price target of $21.57. Insider Activity In related news, VP Andrew Peer sold 1,795 shares of the business’s stock in a transaction on Thursday, September 19th.
The shares were sold at an average price of $21.00, for a total value of $37,695.00.
Following the sale, the vice president now owns 62,956 shares in the company, valued at $1,322,076. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . In other news, insider Michael Waterman sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th.
The stock was sold at an average price of $20.24, for a total value of $1,518,000.00.
Following the completion of the sale, the insider now directly owns 366,710 shares of the company’s stock, valued at approximately $7,422,210.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, VP Andrew Peer sold 1,795 shares of ACV Auctions stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $21.00, for a total value of $37,695.
00. Following the completion of the transaction, the vice president now owns 62,956 shares of the company’s stock, valued at approximately $1,322,076. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 741,663 shares of company stock worth $14,179,490. 8.50% of the stock is currently owned by insiders.
ACV Auctions Stock Down 1.4 % Shares of ACVA stock opened at $20.46 on Friday.
The company’s fifty day simple moving average is $18.55 and its two-hundred day simple moving average is $18.22.
ACV Auctions Inc. has a 52 week low of $12.84 and a 52 week high of $21.
10. The stock has a market cap of $3.41 billion, a P/E ratio of -42.
63 and a beta of 1.55. The company has a quick ratio of 1.
49, a current ratio of 1.49 and a debt-to-equity ratio of 0.24.
ACV Auctions ( NASDAQ:ACVA – Get Free Report ) last posted its earnings results on Wednesday, August 7th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.
09) by $0.02. The company had revenue of $160.
62 million for the quarter, compared to the consensus estimate of $156.33 million. ACV Auctions had a negative return on equity of 13.
20% and a negative net margin of 14.53%. Analysts predict that ACV Auctions Inc.
will post -0.36 EPS for the current fiscal year. About ACV Auctions ( Free Report ) ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles.
The company's marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green's seller assurance service for against claims related to defects in the vehicle. Read More Want to see what other hedge funds are holding ACVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACV Auctions Inc.
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