Polestar Automotive Holding UK’s (PSNY) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a report published on Monday morning, Benzinga reports. They currently have a $3.00 target price on the stock.

A number of other equities research analysts also recently issued reports on the stock. Citigroup reduced their price target on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a neutral rating for the company in a research report on Thursday, May 16th. Piper Sandler decreased their target price on Polestar Automotive Holding UK from $2.00 to $1.50 and set a neutral rating on the stock in a research report on Wednesday, September 4th. Sanford C. Bernstein raised their price target on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the company an underperform rating in a research report on Friday, August 30th. Finally, Barclays cut their price target on Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating for the company in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $1.58.

Polestar Automotive Holding UK Trading Down 5.1 %

NASDAQ:PSNY opened at $1.50 on Monday. Polestar Automotive Holding UK has a 1 year low of $0.61 and a 1 year high of $2.94. The stock has a fifty day moving average price of $0.93 and a two-hundred day moving average price of $1.14.

Polestar Automotive Holding UK (NASDAQ:PSNY) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The firm had revenue of $534.12 million for the quarter. Equities analysts anticipate that Polestar Automotive Holding UK will post -0.53 earnings per share for the current year.

Institutional Trading of Polestar Automotive Holding UK

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC raised its stake in Polestar Automotive Holding UK by 159.5% in the 4th quarter. Private Advisor Group LLC now owns 62,550 shares of the company’s stock valued at $141,000 after purchasing an additional 38,450 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Polestar Automotive Holding UK in the fourth quarter valued at approximately $242,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Polestar Automotive Holding UK by 67.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 288,172 shares of the company’s stock valued at $608,000 after buying an additional 116,207 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Polestar Automotive Holding UK by 136.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company’s stock valued at $55,000 after buying an additional 14,048 shares during the period. Finally, Bard Financial Services Inc. grew its stake in Polestar Automotive Holding UK by 57.1% in the 4th quarter. Bard Financial Services Inc. now owns 27,500 shares of the company’s stock worth $62,000 after acquiring an additional 10,000 shares during the period. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

About Polestar Automotive Holding UK

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