Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.31, but opened at $1.37. Polestar Automotive Holding UK shares last traded at $1.45, with a volume of 793,688 shares traded.
Analyst Ratings Changes
PSNY has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Polestar Automotive Holding UK in a report on Wednesday, January 24th. They issued an "underperform" rating and a $1.15 price objective for the company. Barclays cut their price objective on Polestar Automotive Holding UK from $3.00 to $2.00 and set an "underweight" rating for the company in a report on Tuesday, November 14th. Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 target price on shares of Polestar Automotive Holding UK in a research report on Friday, January 12th. Finally, Piper Sandler assumed coverage on Polestar Automotive Holding UK in a research report on Wednesday, November 1st. They set an "overweight" rating and a $3.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.53.
Check Out Our Latest Analysis on PSNY
Polestar Automotive Holding UK Price Performance
The company has a 50-day moving average price of $1.99 and a 200 day moving average price of $2.42.
Hedge Funds Weigh In On Polestar Automotive Holding UK
Several large investors have recently made changes to their positions in the business. Legal & General Group Plc lifted its position in shares of Polestar Automotive Holding UK by 48.1% in the fourth quarter. Legal & General Group Plc now owns 295,507 shares of the company's stock valued at $669,000 after acquiring an additional 95,939 shares in the last quarter. Cantor Fitzgerald L. P. purchased a new stake in shares of Polestar Automotive Holding UK in the fourth quarter worth about $226,000. Pathstone Holdings LLC purchased a new stake in shares of Polestar Automotive Holding UK in the fourth quarter worth about $439,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Polestar Automotive Holding UK in the fourth quarter worth about $869,000. Finally, First Trust Advisors LP lifted its position in shares of Polestar Automotive Holding UK by 6.6% in the fourth quarter. First Trust Advisors LP now owns 642,735 shares of the company's stock worth $1,453,000 after buying an additional 39,929 shares in the last quarter. 0.82% of the stock is currently owned by hedge funds and other institutional investors.
Polestar Automotive Holding UK Company Profile
(
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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.
See Also
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