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

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

PSNY has been the topic of several other research reports. Piper Sandler lowered their price target 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 upped their price target on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an underperform rating in a research report on Friday, August 30th. Barclays decreased their price objective on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating for the company in a research report on Wednesday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $1.50 target price on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $1.58.

Polestar Automotive Holding UK Stock Up 2.3 %

Shares of PSNY opened at $1.75 on Monday. The company has a 50 day moving average of $1.07 and a 200-day moving average of $1.13. Polestar Automotive Holding UK has a twelve month low of $0.61 and a twelve month high of $2.94.

Polestar Automotive Holding UK (NASDAQ:PSNY) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.35) EPS for the quarter. The business had revenue of $534.12 million for the quarter. On average, sell-side analysts predict that Polestar Automotive Holding UK will post -0.53 EPS for the current fiscal year.

Institutional Trading of Polestar Automotive Holding UK

Several large investors have recently modified their holdings of PSNY. Private Advisor Group LLC boosted its stake in Polestar Automotive Holding UK by 159.5% in the fourth quarter. Private Advisor Group LLC now owns 62,550 shares of the company’s stock valued at $141,000 after buying an additional 38,450 shares in the last quarter. Jump Financial LLC bought a new stake in Polestar Automotive Holding UK during the 4th quarter worth $242,000. Vanguard Personalized Indexing Management LLC increased its holdings in Polestar Automotive Holding UK by 136.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company’s stock worth $55,000 after purchasing an additional 14,048 shares in the last quarter. Cantor Fitzgerald L. P. bought a new position in Polestar Automotive Holding UK in the fourth quarter valued at about $226,000. Finally, Green Alpha Advisors LLC boosted its stake in shares of Polestar Automotive Holding UK by 2.4% during the first 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 in the last quarter. 1.02% of the stock is 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.