Accelevation (NASDAQ:ACCV) Stock Rated Outperform in New Coverage at Robert W. Baird

Research analysts at Robert W. Baird initiated coverage on shares of Accelevation (NASDAQ:ACCV) in a research note issued on Monday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $16.00 price target on the stock. Robert W. Baird‘s price target indicates a potential upside of 29.24% from the company’s current price.

Several other brokerages have also commented on ACCV. Barclays initiated coverage on shares of Accelevation in a report on Monday. They issued an “overweight” rating and a $20.00 price target for the company. Wall Street Zen upgraded shares of Accelevation to a “hold” rating in a research report on Saturday, October 10th. Finally, The Goldman Sachs Group began coverage on shares of Accelevation in a research note on Monday. They set a “buy” rating and a $22.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Accelevation Price Performance

NASDAQ:ACCV opened at $12.38 on Monday. Accelevation has a 52 week low of $11.58 and a 52 week high of $18.10.

Insider Activity

In other news, CEO Michael Rubiera purchased 200,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was acquired at an average price of $18.00 per share, for a total transaction of $3,600,000.00. Following the acquisition, the chief executive officer directly owned 1,424,285 shares of the company’s stock, valued at approximately $25,637,130. This represents a 16.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Donahue bought 7,000 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 $126,000.00. Following the purchase, the director owned 7,000 shares of the company’s stock, valued at $126,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 227,700 shares of company stock valued at $4,098,600 in the last quarter.

Accelevation Company Profile

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.