Jump Financial LLC Takes $1.09 Million Position in Ballard Power Systems Inc. (NASDAQ:BLDP)

Jump Financial LLC bought a new stake in Ballard Power Systems Inc. (NASDAQ:BLDP - Free Report) TSE: BLD during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 293,450 shares of the technology company's stock, valued at approximately $1,086,000. Jump Financial LLC owned approximately 0.10% of Ballard Power Systems at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vontobel Holding Ltd. raised its holdings in Ballard Power Systems by 18.2% in the 4th quarter. Vontobel Holding Ltd. now owns 2,086,570 shares of the technology company's stock valued at $7,732,000 after buying an additional 321,624 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ballard Power Systems by 1.7% during the third quarter. Vanguard Group Inc. now owns 9,121,473 shares of the technology company's stock worth $33,476,000 after purchasing an additional 148,321 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ballard Power Systems during the fourth quarter worth $373,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ballard Power Systems by 11.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 865,353 shares of the technology company's stock worth $3,222,000 after purchasing an additional 89,643 shares during the last quarter. Finally, Rathbones Group PLC acquired a new stake in Ballard Power Systems in the third quarter valued at $181,000. Institutional investors own 28.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James cut their target price on Ballard Power Systems from $4.50 to $4.00 and set a "market perform" rating on the stock in a report on Wednesday, March 13th. Wells Fargo & Company cut their price objective on Ballard Power Systems from $3.50 to $3.00 and set an "underweight" rating on the stock in a research note on Thursday, May 9th. CIBC decreased their target price on shares of Ballard Power Systems from $3.75 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, May 8th. National Bankshares dropped their price target on shares of Ballard Power Systems from $4.50 to $4.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 8th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $3.00 price objective (down from $3.50) on shares of Ballard Power Systems in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $3.74.

Ballard Power Systems Stock Down 2.2 %

NASDAQ:BLDP traded down $0.07 on Friday, hitting $3.07. The stock had a trading volume of 4,723,082 shares, compared to its average volume of 2,846,477. The company has a quick ratio of 10.88, a current ratio of 11.66 and a debt-to-equity ratio of 0.03. Ballard Power Systems Inc. has a 52 week low of $2.42 and a 52 week high of $5.68. The business's fifty day moving average is $2.87 and its 200 day moving average is $3.23. The company has a market cap of $919.13 million, a PE ratio of -4.95 and a beta of 1.65.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The firm had revenue of $14.50 million for the quarter, compared to analyst estimates of $17.55 million. Ballard Power Systems had a negative return on equity of 15.37% and a negative net margin of 177.82%. Ballard Power Systems's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.11) earnings per share. On average, equities research analysts expect that Ballard Power Systems Inc. will post -0.51 EPS for the current fiscal year.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.