Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $1.31, but opened at $1.26. Polestar Automotive Holding UK shares last traded at $1.30, with a volume of 504,907 shares traded.
Wall Street Analysts Forecast Growth
PSNY has been the subject of a number of recent research reports. Sanford C. Bernstein assumed coverage on shares of Polestar Automotive Holding UK in a research note on Wednesday, January 24th. They issued an "underperform" rating and a $1.15 price target for the company. Piper Sandler reaffirmed a "neutral" rating and set a $2.00 price objective (down from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 target price on shares of Polestar Automotive Holding UK in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $3.83.
Read Our Latest Stock Report on PSNY
Polestar Automotive Holding UK Trading Up 0.4 %
The firm's 50-day moving average price is $1.63 and its two-hundred day moving average price is $2.02.
Institutional Investors Weigh In On Polestar Automotive Holding UK
Institutional investors and hedge funds have recently bought and sold shares of the stock. Green Alpha Advisors LLC increased its position in shares of Polestar Automotive Holding UK by 2.4% during the first 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in Polestar Automotive Holding UK by 252.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 78,256 shares of the company's stock worth $177,000 after buying an additional 56,044 shares during the last quarter. Legal & General Group Plc increased its position in Polestar Automotive Holding UK by 48.1% during the fourth quarter. Legal & General Group Plc now owns 295,507 shares of the company's stock worth $669,000 after buying an additional 95,939 shares during the period. Cantor Fitzgerald L. P. acquired a new position in Polestar Automotive Holding UK during the fourth quarter worth approximately $226,000. Finally, Pathstone Holdings LLC purchased a new stake in Polestar Automotive Holding UK in the fourth quarter valued at approximately $439,000. 1.02% of the stock is owned by hedge funds and other institutional investors.
About Polestar Automotive Holding UK
(
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Polestar 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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