Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) have received an average rating of "Reduce" from the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $1.58.
PSNY has been the topic of several recent analyst reports. Sanford C. Bernstein increased their price target on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an "underperform" rating in a report on Friday, August 30th. Piper Sandler cut their price target on shares of Polestar Automotive Holding UK from $2.00 to $1.50 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. Barclays reduced their price target on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 3rd. Citigroup dropped their target price on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a "neutral" rating on the stock in a research note on Thursday, May 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $1.50 price target on shares of Polestar Automotive Holding UK in a research note on Tuesday.
Get Our Latest Research Report on Polestar Automotive Holding UK
Polestar Automotive Holding UK Stock Up 6.0 %
NASDAQ PSNY traded up $0.09 on Tuesday, hitting $1.58. 10,926,585 shares of the stock were exchanged, compared to its average volume of 8,021,308. Polestar Automotive Holding UK has a 52-week low of $0.61 and a 52-week high of $2.97. The stock has a fifty day moving average price of $0.92 and a two-hundred day moving average price of $1.13.
Polestar Automotive Holding UK (NASDAQ:PSNY - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.35) EPS for the quarter. The company had revenue of $534.12 million for the quarter. On average, analysts predict that Polestar Automotive Holding UK will post -0.53 earnings per share for the current year.
Hedge Funds Weigh In On Polestar Automotive Holding UK
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC lifted its holdings in Polestar Automotive Holding UK by 159.5% during the fourth quarter. Private Advisor Group LLC now owns 62,550 shares of the company's stock worth $141,000 after buying an additional 38,450 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in 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 purchasing an additional 116,207 shares in the last quarter. Jump Financial LLC bought a new stake in Polestar Automotive Holding UK during the fourth quarter valued at about $242,000. Tidal Investments LLC grew its stake in Polestar Automotive Holding UK by 118.4% in the first quarter. Tidal Investments LLC now owns 241,946 shares of the company's stock valued at $373,000 after purchasing an additional 131,167 shares during the last quarter. Finally, Cantor Fitzgerald L. P. bought a new position in Polestar Automotive Holding UK in the fourth quarter worth about $226,000. 1.02% of the stock is currently owned by institutional investors.
About Polestar Automotive Holding UK
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Get Free ReportPolestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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