Cantor Fitzgerald Reiterates Overweight Rating for Polestar Automotive Holding UK (NASDAQ:PSNY)

Polestar Automotive Holding UK (NASDAQ:PSNY)‘s stock had its “overweight” rating reiterated by analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $5.00 target price on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 452.67% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Citigroup cut their price target on Polestar Automotive Holding UK from $2.50 to $1.70 and set a “neutral” rating for the company in a report on Thursday, May 16th. Piper Sandler reiterated a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Polestar Automotive Holding UK has an average rating of “Hold” and an average target price of $3.48.

Polestar Automotive Holding UK Price Performance

Shares of Polestar Automotive Holding UK stock opened at $0.90 on Monday. The business has a 50 day simple moving average of $0.97 and a two-hundred day simple moving average of $1.51. Polestar Automotive Holding UK has a 12 month low of $0.65 and a 12 month high of $4.96.

Institutional Trading of Polestar Automotive Holding UK

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Polestar Automotive Holding UK by 32.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company’s stock valued at $47,000 after purchasing an additional 5,115 shares during the last quarter. Green Alpha Advisors LLC lifted its holdings in shares of Polestar Automotive Holding UK by 2.4% in the 1st quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company’s stock valued at $430,000 after purchasing an additional 6,528 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Polestar Automotive Holding UK by 36.5% in the 4th quarter. Raymond James & Associates now owns 29,532 shares of the company’s stock valued at $67,000 after purchasing an additional 7,900 shares during the last quarter. Bard Financial Services Inc. raised its stake in Polestar Automotive Holding UK by 57.1% during the 4th quarter. Bard Financial Services Inc. now owns 27,500 shares of the company’s stock valued at $62,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Principal Street Partners LLC purchased a new stake in Polestar Automotive Holding UK during the 4th quarter valued at approximately $28,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.