Polestar Automotive Holding UK (NASDAQ:PSNY) Shares Gap Up to $1.18

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Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $1.18, but opened at $1.22. Polestar Automotive Holding UK shares last traded at $1.24, with a volume of 523,043 shares traded.

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Analyst Upgrades and Downgrades

PSNY has been the subject of several research reports. Sanford C. Bernstein initiated coverage on Polestar Automotive Holding UK in a research note on Wednesday, January 24th. They set an "underperform" rating and a $1.15 price target for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price target on shares of Polestar Automotive Holding UK in a research note on Friday, April 12th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $2.00 price target (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Polestar Automotive Holding UK has a consensus rating of "Hold" and a consensus price target of $3.83.

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Polestar Automotive Holding UK Stock Up 4.2 %

The firm's 50 day moving average is $1.54 and its two-hundred day moving average is $1.92.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in Polestar Automotive Holding UK in the 3rd quarter valued at about $25,000. Principal Street Partners LLC acquired a new position in Polestar Automotive Holding UK in the 4th quarter valued at about $28,000. Avantax Advisory Services Inc. acquired a new position in Polestar Automotive Holding UK in the 3rd quarter valued at about $34,000. Schechter Investment Advisors LLC purchased a new stake in Polestar Automotive Holding UK in the 4th quarter valued at about $35,000. Finally, TD Asset Management Inc purchased a new stake in Polestar Automotive Holding UK in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 1.02% of the company's stock.

About Polestar Automotive Holding UK

(Get Free Report)

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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