Accelevation (NASDAQ:ACCV) Stock Rated “Outperform” in New Coverage at Wolfe Research

Investment analysts at Wolfe Research assumed coverage on shares of Accelevation (NASDAQ:ACCV) in a report issued on Monday, MarketBeat reports. The brokerage set an “outperform” rating on the stock.

A number of other research analysts have also commented on the company. Morgan Stanley began coverage on Accelevation in a research report on Monday. They set an “equal weight” rating and a $18.00 price target for the company. JPMorgan Chase & Co. started coverage on Accelevation in a report on Monday. They issued an “overweight” rating and a $20.00 price objective for the company. Robert W. Baird began coverage on Accelevation in a research report on Monday. They issued an “outperform” rating and a $16.00 price objective on the stock. Bank of America assumed coverage on Accelevation in a research note on Monday. They set a “buy” rating and a $20.00 target price on the stock. Finally, William Blair began coverage on Accelevation in a research note on Monday. They set an “outperform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Accelevation Stock Performance

NASDAQ ACCV opened at $12.38 on Monday. Accelevation has a 1 year low of $11.58 and a 1 year high of $18.10.

Insiders Place Their Bets

In other news, Director Ginger Jones acquired 10,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average cost of $18.00 per share, with a total value of $180,000.00. Following the transaction, the director owned 10,000 shares in the company, valued at $180,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Howard Heckes bought 5,000 shares of Accelevation stock in a transaction on Thursday, October 1st. The shares were purchased at an average price of $18.00 per share, for a total transaction of $90,000.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $90,000. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 227,700 shares of company stock valued at $4,098,600 over the last ninety days.

About Accelevation

Accelevation Corporation (NASDAQ: ACCV) is a special purpose acquisition company (SPAC) formed to identify and combine with an operating business through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Accelevation does not manufacture products, provide ongoing commercial services or conduct significant business activities of its own. Its primary activities have consisted of evaluating potential acquisition targets and pursuing a business combination.

Public information about Accelevation’s operating history, geographic footprint and leadership is limited.