Polestar Automotive Holding UK (NASDAQ:PSNY) Given "Overweight" Rating at Cantor Fitzgerald

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

PSNY has been the subject of several other research reports. Barclays decreased their price objective on Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating for the company in a report on Wednesday, July 3rd. Sanford C. Bernstein lifted their target price on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an underperform rating in a research note on Friday, August 30th. Piper Sandler dropped 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 research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $1.50 target price on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Polestar Automotive Holding UK presently has a consensus rating of Hold and an average target price of $1.58.

Polestar Automotive Holding UK Stock Performance

Shares of PSNY stock traded down $0.11 during trading on Monday, hitting $1.72. The company's stock had a trading volume of 5,629,717 shares, compared to its average volume of 8,028,783. The business has a fifty day moving average of $1.11 and a 200-day moving average of $1.13. Polestar Automotive Holding UK has a 52 week low of $0.61 and a 52 week high of $2.94.

Polestar Automotive Holding UK (NASDAQ:PSNY - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.35) earnings per share for the quarter. The business had revenue of $534.12 million for the quarter. As a group, sell-side analysts expect that Polestar Automotive Holding UK will post -0.53 earnings per share for the current year.

Institutional Trading of Polestar Automotive Holding UK

Large investors have recently modified their holdings of the business. Cantor Fitzgerald L. P. purchased a new stake in Polestar Automotive Holding UK during the fourth quarter valued at about $226,000. Green Alpha Advisors LLC raised its position in Polestar Automotive Holding UK by 2.4% in the 1st quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company's stock worth $430,000 after purchasing an additional 6,528 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Polestar Automotive Holding UK by 32.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 141,336 shares of the company's stock valued at $218,000 after acquiring an additional 34,827 shares during the last quarter. Tidal Investments LLC lifted its position 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, DNB Asset Management AS bought a new stake in Polestar Automotive Holding UK during the 2nd quarter valued at $48,000. Institutional investors own 1.02% of the company's stock.

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.