Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $1.54, but opened at $1.59. Polestar Automotive Holding UK shares last traded at $1.53, with a volume of 340,111 shares changing hands.
Analyst Upgrades and Downgrades
PSNY has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $5.00 price objective on shares of Polestar Automotive Holding UK in a research report on Friday, January 12th. Piper Sandler restated a "neutral" rating and issued a $2.00 price objective (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Finally, Sanford C. Bernstein initiated coverage on shares of Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They issued an "underperform" rating and a $1.15 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Polestar Automotive Holding UK has an average rating of "Hold" and a consensus target price of $4.36.
View Our Latest Research Report on PSNY
Polestar Automotive Holding UK Stock Performance
The stock's 50-day moving average price is $1.76 and its 200-day moving average price is $2.10.
Institutional Investors Weigh In On Polestar Automotive Holding UK
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisor Networks LLC raised its position in shares of Polestar Automotive Holding UK by 5.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 40,880 shares of the company's stock worth $465,000 after purchasing an additional 2,280 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Polestar Automotive Holding UK by 45.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,245 shares of the company's stock worth $77,000 after purchasing an additional 4,782 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Polestar Automotive Holding UK by 32.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company's stock worth $47,000 after purchasing an additional 5,115 shares during the last quarter. UBS Group AG acquired a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth approximately $46,000. Finally, Citigroup Inc. acquired a new position in shares of Polestar Automotive Holding UK during the 1st quarter worth approximately $59,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.
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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