Polestar Automotive Holding UK’s (PSNY) Neutral Rating Reiterated at Cantor Fitzgerald

Polestar Automotive Holding UK (NASDAQ:PSNY)‘s stock had its “neutral” rating reissued by equities research analysts at Cantor Fitzgerald in a research report issued on Friday, Marketbeat reports.

Separately, Bank of America started coverage on shares of Polestar Automotive Holding UK in a report on Thursday, December 5th. They set a “neutral” rating and a $1.25 target price on the stock. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1.53.

Polestar Automotive Holding UK Price Performance

NASDAQ:PSNY opened at $1.09 on Friday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -1.91 and a beta of 1.53. The business has a 50 day moving average of $1.09 and a 200 day moving average of $1.14. Polestar Automotive Holding UK has a 1-year low of $0.61 and a 1-year high of $2.33.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC increased its position in shares of Polestar Automotive Holding UK by 134.4% during the third quarter. MetLife Investment Management LLC now owns 15,390 shares of the company’s stock valued at $26,000 after buying an additional 8,823 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth approximately $26,000. Captrust Financial Advisors grew its holdings in shares of Polestar Automotive Holding UK by 125.4% during the 3rd quarter. Captrust Financial Advisors now owns 46,615 shares of the company’s stock worth $80,000 after acquiring an additional 25,930 shares during the period. XTX Topco Ltd raised its position in shares of Polestar Automotive Holding UK by 153.1% in the 2nd quarter. XTX Topco Ltd now owns 150,657 shares of the company’s stock worth $119,000 after acquiring an additional 91,139 shares in the last quarter. Finally, Scientech Research LLC bought a new stake in shares of Polestar Automotive Holding UK during the second quarter valued at approximately $161,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

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.