Polestar Automotive Holding UK (NASDAQ:PSNY) Earns Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY - Free Report) in a research report report published on Monday, Benzinga reports. The brokerage currently has a $3.00 target price on the stock.

A number of other brokerages also recently commented on PSNY. Barclays dropped their price objective on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating on the stock in a research report on Wednesday, July 3rd. Piper Sandler decreased their price target on Polestar Automotive Holding UK from $2.00 to $1.50 and set a neutral rating for the company in a report on Wednesday, September 4th. Sanford C. Bernstein increased their price objective on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the company an underperform rating in a report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $1.50 target price on shares of Polestar Automotive Holding UK in a research report on Tuesday, September 10th. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $1.58.

Polestar Automotive Holding UK Trading Up 2.0 %

NASDAQ:PSNY traded up $0.03 during midday trading on Monday, reaching $1.55. The company had a trading volume of 4,447,916 shares, compared to its average volume of 8,070,116. The stock's fifty day simple moving average is $1.04 and its 200-day simple moving average is $1.12. Polestar Automotive Holding UK has a 12-month low of $0.61 and a 12-month high of $2.94.

Polestar Automotive Holding UK (NASDAQ:PSNY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.35) EPS for the quarter. The firm had revenue of $534.12 million during the quarter. Sell-side analysts anticipate that Polestar Automotive Holding UK will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Several institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of Polestar Automotive Holding UK by 159.5% during the 4th 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 in the last quarter. Jump Financial LLC purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth $242,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Polestar Automotive Holding UK by 136.4% during 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 during the period. Cantor Fitzgerald L. P. purchased a new position in shares of Polestar Automotive Holding UK in the 4th quarter valued at about $226,000. Finally, Green Alpha Advisors LLC increased its holdings in Polestar Automotive Holding UK by 2.4% in the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company's stock valued at $430,000 after buying an additional 6,528 shares in the last quarter. 1.02% of the stock is owned by institutional investors and hedge funds.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.