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 $1.27, but opened at $1.31. Polestar Automotive Holding UK shares last traded at $1.32, with a volume of 776,727 shares changing hands.
Analyst Upgrades and Downgrades
PSNY has been the subject of a number of research analyst reports. Sanford C. Bernstein initiated 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 target price for the company. Piper Sandler reiterated a "neutral" rating and issued a $2.00 target price (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued 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 given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $3.83.
Read Our Latest Research Report on PSNY
Polestar Automotive Holding UK Stock Up 5.5 %
The business's fifty day moving average is $1.49 and its two-hundred day moving average is $1.85.
Institutional Trading of Polestar Automotive Holding UK
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Green Alpha Advisors LLC increased its holdings in shares of Polestar Automotive Holding UK by 2.4% in the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company's stock valued at $430,000 after purchasing an additional 6,528 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new stake in shares of Polestar Automotive Holding UK in the fourth quarter valued at approximately $226,000. Bard Financial Services Inc. increased its holdings in shares of Polestar Automotive Holding UK by 57.1% in the fourth quarter. Bard Financial Services Inc. now owns 27,500 shares of the company's stock valued at $62,000 after purchasing an additional 10,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Polestar Automotive Holding UK by 136.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company's stock worth $55,000 after acquiring an additional 14,048 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Polestar Automotive Holding UK by 67.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 288,172 shares of the company's stock worth $608,000 after acquiring an additional 116,207 shares during the period. Institutional investors and hedge funds own 1.02% of the company's stock.
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.
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