One Charles Private Wealth Services LLC Has $21.64 Million Stock Position in ACV Auctions Inc. (NASDAQ:ACVA)

One Charles Private Wealth Services LLC lessened its stake in ACV Auctions Inc. (NASDAQ:ACVA - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,001,669 shares of the company's stock after selling 97,324 shares during the quarter. ACV Auctions makes up approximately 7.3% of One Charles Private Wealth Services LLC's portfolio, making the stock its 4th biggest holding. One Charles Private Wealth Services LLC owned 0.60% of ACV Auctions worth $21,636,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in shares of ACV Auctions by 65.8% in the fourth quarter. Blue Trust Inc. now owns 2,352 shares of the company's stock valued at $48,000 after purchasing an additional 933 shares in the last quarter. KBC Group NV grew its holdings in ACV Auctions by 80.4% during the 4th quarter. KBC Group NV now owns 7,406 shares of the company's stock valued at $160,000 after buying an additional 3,300 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in ACV Auctions by 13.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 11,048 shares of the company's stock valued at $225,000 after buying an additional 1,317 shares in the last quarter. Xponance Inc. purchased a new stake in shares of ACV Auctions in the fourth quarter worth about $229,000. Finally, Versor Investments LP bought a new position in shares of ACV Auctions in the fourth quarter valued at approximately $262,000. Hedge funds and other institutional investors own 88.55% of the company's stock.

ACV Auctions Price Performance

NASDAQ:ACVA traded up $0.29 during mid-day trading on Tuesday, reaching $16.30. The stock had a trading volume of 1,784,728 shares, compared to its average volume of 1,392,785. The stock has a market capitalization of $2.75 billion, a P/E ratio of -33.27 and a beta of 1.73. The firm has a 50 day moving average price of $18.56 and a two-hundred day moving average price of $19.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.56 and a current ratio of 1.56. ACV Auctions Inc. has a one year low of $12.77 and a one year high of $23.46.

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ACV Auctions (NASDAQ:ACVA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.01. ACV Auctions had a negative net margin of 12.51% and a negative return on equity of 12.94%. The firm had revenue of $159.51 million during the quarter, compared to analyst estimates of $156.77 million. As a group, analysts expect that ACV Auctions Inc. will post -0.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO William Zerella sold 15,000 shares of ACV Auctions stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $20.57, for a total value of $308,550.00. Following the transaction, the chief financial officer now owns 462,452 shares in the company, valued at approximately $9,512,637.64. The trade was a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Chamoun sold 348,249 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $15.34, for a total value of $5,342,139.66. Following the completion of the sale, the chief executive officer now directly owns 2,821,193 shares of the company's stock, valued at approximately $43,277,100.62. This trade represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 455,911 shares of company stock valued at $7,480,541 over the last three months. Insiders own 8.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ACVA shares. Piper Sandler upgraded shares of ACV Auctions from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $18.00 to $20.00 in a research note on Thursday, March 20th. Citigroup increased their price objective on ACV Auctions from $22.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. B. Riley boosted their target price on ACV Auctions from $24.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Bank of America raised ACV Auctions from a "neutral" rating to a "buy" rating and lowered their price target for the company from $22.00 to $20.00 in a report on Wednesday, March 12th. Finally, Stephens raised ACV Auctions to a "hold" rating in a report on Saturday, February 1st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.23.

ACV Auctions Company Profile

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.