C3.ai Inc. (AI)
3 Buy-Rated Stocks for Artificial Intelligence (AI) Exposure
While the market overall has delivered a strong performance over the last month, several AI-related stocks, including these three, have displayed relative strength. Analysts are bullish, raising earnings expectations for each.
Meridian Wealth Management LLC Makes New $208,000 Investment in C3.ai, Inc. (NYSE:AI)
Meridian Wealth Management LLC bought a new stake in shares of C3.ai, Inc. (NYSE:AI – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,255 shares of the company’s stock, valued at approximately $208,000. Several other hedge funds have also made changes to their positions in AI. Raymond James & Associates boosted its stake in C3.ai by 148.3% during the 3rd quarter. Raymond James & Associates now owns 158,943 shares of the company’s stock valued at $4,056,000 after purchasing an additional 94,932 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of C3.ai by 23.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,883 shares of the company’s stock worth $380,000 after buying an additional 2,797 shares during the period. Daiwa Securities Group Inc. grew its holdings in C3.ai by 40.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 27,667 shares of the company’s stock worth $706,000 after buying an additional 7,901 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in C3.ai by 14.7% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,758 shares of the company’s stock valued at $555,000 after acquiring an additional 2,783 shares during the period. Finally, Private Advisor Group LLC raised its stake in C3.ai by 48.4% during the 3rd quarter. Private Advisor Group LLC now owns 31,125 shares of the company’s stock valued at $794,000 after acquiring an additional 10,151 shares in the last quarter. Institutional investors own 38.96% of the company’s stock. C3.ai Stock Performance NYSE:AI opened at $26.39 on Monday. The firm’s 50-day moving average is $25.17 and its 200-day moving average is $27.25. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -11.33 and a beta of 1.74. C3.ai, Inc. has a 52-week low of $20.23 and a 52-week high of $48.87. C3.ai (NYSE:AI – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.73) by $0.13. The firm had revenue of $78.40 million for the quarter, compared to analysts’ expectations of $75.92 million. C3.ai had a negative net margin of 95.21% and a negative return on equity of 29.60%. Equities analysts predict that C3.ai, Inc. will post -2.48 EPS for the current year. Analyst Upgrades and Downgrades Several brokerages have recently weighed in on AI. Bank of America upped their price objective on C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Canaccord Genuity Group boosted their target price on shares of C3.ai from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, February 29th. Piper Sandler raised their target price on shares of C3.ai from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Finally, Wedbush cut their price objective on C3.ai from $42.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, C3.ai has a consensus rating of “Hold” and a consensus target price of $31.50. Get Our Latest Report on AI C3.ai Profile (Free Report) C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.
Caution: 3 Things You Must Know About C3.ai Stock
C3.ai has gone through multiple business iterations. The company still remains far from profitability.
C3.ai: Turnaround Already Underway After Its Dramatic Plunge
C3.ai investors were decimated as AI stock fell 45% through its recent lows. C3's unprofitability and transition to a consumption-based revenue model are critical headwinds. C3 must demonstrate a faster conversion for its generative AI pilots to improve the market's confidence.
Why Super Micro Computer, C3.ai, and Other Artificial Intelligence (AI) Stocks Rallied This Week
Investors are eager to see the Federal Reserve cut interest rates, the sooner the better. Core inflation is cooling, but not as quickly as the Fed would like.
C3.ai, Inc. (AI) Presents at Needham 19th Annual Technology, Media & Consumer Conference (Transcript)
C3.ai, Inc. (NYSE:AI ) Needham 19th Annual Technology, Media & Consumer Conference May 16, 2024 11:45 AM ET Company Participants Thomas Siebel - Chairman and Chief Executive Officer Conference Call Participants Mike Cikos - Needham & Company Mike Cikos Great. Thank you to everyone for joining us today.
