Susquehanna Fundamental Investments LLC Takes Position in Canoo Inc. (NASDAQ:GOEV)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Canoo Inc. (NASDAQ:GOEV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 252,138 shares of the company's stock, valued at approximately $900,000. Susquehanna Fundamental Investments LLC owned about 0.39% of Canoo as of its most recent SEC filing.

Separately, EP Wealth Advisors LLC boosted its holdings in shares of Canoo by 269.3% in the 4th quarter. EP Wealth Advisors LLC now owns 1,000,000 shares of the company's stock valued at $257,000 after purchasing an additional 729,236 shares during the last quarter. 36.23% of the stock is currently owned by hedge funds and other institutional investors.

Canoo Stock Up 6.3 %

Canoo stock traded up $0.16 during mid-day trading on Monday, hitting $2.68. 2,809,866 shares of the company's stock traded hands, compared to its average volume of 6,075,172. Canoo Inc. has a one year low of $1.22 and a one year high of $19.50. The firm has a 50 day moving average price of $2.26 and a 200 day moving average price of $2.96. The company has a market cap of $183.77 million, a PE ratio of -0.26 and a beta of 1.28.

Canoo (NASDAQ:GOEV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($2.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.97) by ($1.23). During the same quarter last year, the company posted ($3.91) EPS. On average, analysts expect that Canoo Inc. will post -4.37 earnings per share for the current fiscal year.

Insider Transactions at Canoo

In other news, General Counsel Hector M. Ruiz sold 10,937 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $2.33, for a total value of $25,483.21. Following the completion of the transaction, the general counsel now directly owns 181,513 shares in the company, valued at $422,925.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Canoo news, CAO Ramesh Murthy sold 10,948 shares of the business's stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $2.33, for a total value of $25,508.84. Following the sale, the chief accounting officer now directly owns 181,447 shares in the company, valued at $422,771.51. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Hector M. Ruiz sold 10,937 shares of the company's stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $2.33, for a total transaction of $25,483.21. Following the completion of the sale, the general counsel now directly owns 181,513 shares of the company's stock, valued at $422,925.29. The disclosure for this sale can be found here. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

GOEV has been the subject of a number of research analyst reports. Benchmark restated a "buy" rating and set a $5.00 price objective on shares of Canoo in a report on Wednesday, May 22nd. HC Wainwright restated a "buy" rating and issued a $7.00 price objective on shares of Canoo in a report on Wednesday, May 15th. R. F. Lafferty lowered Canoo from a "buy" rating to a "hold" rating in a research note on Wednesday, May 15th. Finally, Roth Mkm dropped their target price on shares of Canoo from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.79.

About Canoo

Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components.