Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.53.
PSNY has been the subject of several recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $5.00 price objective on shares of Polestar Automotive Holding UK in a research report on Friday, January 12th. Sanford C. Bernstein initiated coverage on shares of Polestar Automotive Holding UK in a report on Wednesday, January 24th. They issued an "underperform" rating and a $1.15 target price on the stock. Piper Sandler initiated coverage on shares of Polestar Automotive Holding UK in a report on Wednesday, November 1st. They issued an "overweight" rating and a $3.00 target price on the stock. Finally, Barclays cut their target price on shares of Polestar Automotive Holding UK from $3.00 to $2.00 and set an "underweight" rating on the stock in a report on Tuesday, November 14th.
Check Out Our Latest Report on PSNY
Hedge Funds Weigh In On Polestar Automotive Holding UK
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its position in shares of Polestar Automotive Holding UK by 10.7% in the 3rd quarter. Invesco Ltd. now owns 2,833,547 shares of the company's stock worth $7,481,000 after buying an additional 273,479 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in shares of Polestar Automotive Holding UK by 744.0% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,451,571 shares of the company's stock worth $27,874,000 after buying an additional 2,161,109 shares in the last quarter. BlackRock Inc. boosted its position in shares of Polestar Automotive Holding UK by 144.9% in the 2nd quarter. BlackRock Inc. now owns 1,217,387 shares of the company's stock worth $4,650,000 after buying an additional 720,285 shares in the last quarter. Tobam boosted its position in shares of Polestar Automotive Holding UK by 24.0% in the 4th quarter. Tobam now owns 1,136,540 shares of the company's stock worth $2,569,000 after buying an additional 220,147 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Polestar Automotive Holding UK by 11.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 795,920 shares of the company's stock worth $3,040,000 after buying an additional 80,320 shares in the last quarter. 0.82% of the stock is owned by institutional investors and hedge funds.
Polestar Automotive Holding UK Trading Down 3.9 %
Shares of Polestar Automotive Holding UK stock opened at $1.72 on Friday. Polestar Automotive Holding UK has a 52-week low of $1.59 and a 52-week high of $6.03. The company has a 50 day moving average of $2.13 and a 200 day moving average of $2.65.
Polestar Automotive Holding UK (NASDAQ:PSNY - Get Free Report) last issued its quarterly earnings results on Thursday, November 16th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.01. The firm had revenue of $613.18 million during the quarter, compared to analysts' expectations of $640.00 million. On average, research analysts predict that Polestar Automotive Holding UK will post -0.39 EPS for the current fiscal year.
About Polestar Automotive Holding UK
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Get Free ReportPolestar 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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