Marshall Wace LLP Acquires Shares of 515,000 Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Marshall Wace LLP purchased a new position in Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 515,000 shares of the company's stock, valued at approximately $407,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Green Alpha Advisors LLC increased 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 buying an additional 6,528 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Polestar Automotive Holding UK by 77.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company's stock worth $25,000 after buying an additional 13,624 shares during the period. Public Employees Retirement Association of Colorado bought a new position in Polestar Automotive Holding UK in the 2nd quarter worth approximately $26,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in 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 worth $218,000 after buying an additional 34,827 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter worth approximately $32,000. 1.02% of the stock is owned by institutional investors.

Polestar Automotive Holding UK Trading Down 1.7 %

PSNY stock traded down $0.03 during trading on Friday, hitting $1.45. The company had a trading volume of 6,503,751 shares, compared to its average volume of 7,878,775. The company has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.14. The company has a market cap of $3.10 billion, a P/E ratio of -2.51 and a beta of 1.48. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.61 and a fifty-two week high of $2.90.

Polestar Automotive Holding UK (NASDAQ:PSNY - Get Free Report) last announced 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 during the quarter. On average, analysts expect that Polestar Automotive Holding UK PLC will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PSNY shares. Sanford C. Bernstein lifted their price objective 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $1.50 price objective on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Barclays decreased their price objective on Polestar Automotive Holding UK from $2.00 to $1.00 and set an "underweight" rating on the stock in a report on Wednesday, July 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $3.00 price objective on shares of Polestar Automotive Holding UK in a report on Monday, September 30th. Finally, Piper Sandler decreased their price objective on 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. 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1.58.

Polestar Automotive Holding UK Profile

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