Accelevation (NASDAQ:ACCV) Now Covered by Analysts at Bank of America

Equities research analysts at Bank of America assumed coverage on shares of Accelevation (NASDAQ:ACCV) in a research report issued to clients and investors on Monday, Briefing.com reports. The firm set a “buy” rating and a $20.00 price target on the stock. Bank of America‘s price target would indicate a potential upside of 61.55% from the company’s current price.

A number of other research firms have also weighed in on ACCV. Barclays initiated coverage on shares of Accelevation in a research report on Monday. They set an “overweight” rating and a $20.00 target price for the company. Wall Street Zen upgraded Accelevation to a “hold” rating in a research note on Saturday, October 10th. The Goldman Sachs Group started coverage on Accelevation in a research report on Monday. They set a “buy” rating and a $22.00 price objective for the company. Finally, Robert W. Baird started coverage on Accelevation in a research note on Monday. They set an “outperform” rating and a $16.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Accelevation currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Accelevation Price Performance

NASDAQ:ACCV opened at $12.38 on Monday. Accelevation has a 12 month low of $11.58 and a 12 month high of $18.10.

Insider Buying and Selling at Accelevation

In related news, Director Howard C. Heckes purchased 5,000 shares of Accelevation stock in a transaction that occurred on Thursday, October 1st. The shares were acquired at an average price of $18.00 per share, for a total transaction of $90,000.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $90,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Brent C. Jewell acquired 2,500 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were bought at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the acquisition, the chief operating officer owned 304,068 shares in the company, valued at approximately $5,473,224. The trade was a 0.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 227,700 shares of company stock worth $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.