Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $0.68, but opened at $0.72. Polestar Automotive Holding UK shares last traded at $0.73, with a volume of 823,964 shares trading hands.
Analysts Set New Price Targets
Several brokerages recently weighed in on PSNY. Piper Sandler restated a "neutral" rating and issued a $2.00 price target (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 price objective on shares of Polestar Automotive Holding UK in a research note on Friday, April 12th. Finally, Citigroup dropped their price target on 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $3.48.
Get Our Latest Analysis on Polestar Automotive Holding UK
Polestar Automotive Holding UK Price Performance
The business has a fifty day moving average of $1.11 and a 200 day moving average of $1.63.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC increased its position in shares of Polestar Automotive Holding UK by 87.8% during the third quarter. Pathstone Family Office LLC now owns 84,510 shares of the company's stock worth $223,000 after acquiring an additional 39,510 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Polestar Automotive Holding UK during the third quarter worth $25,000. Rafferty Asset Management LLC increased its position in shares of Polestar Automotive Holding UK by 18.7% during the third quarter. Rafferty Asset Management LLC now owns 62,999 shares of the company's stock worth $166,000 after acquiring an additional 9,942 shares during the period. Invesco Ltd. increased its position in shares of Polestar Automotive Holding UK by 10.7% during the third quarter. Invesco Ltd. now owns 2,833,547 shares of the company's stock worth $7,481,000 after acquiring an additional 273,479 shares during the period. Finally, Mariner LLC increased its position in shares of Polestar Automotive Holding UK by 207.5% during the third quarter. Mariner LLC now owns 252,901 shares of the company's stock worth $668,000 after acquiring an additional 170,660 shares during the period. 1.02% of the stock is currently owned by institutional investors and hedge funds.
About Polestar Automotive Holding UK
(
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Polestar 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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