Polestar Automotive Holding UK (NASDAQ:PSNY - Get Free Report) had its price target reduced by equities researchers at Citigroup from $2.50 to $1.70 in a research report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 32.81% from the stock's current price.
Several other brokerages have also commented on PSNY. Sanford C. Bernstein began coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They set an "underperform" rating and a $1.15 target price on the stock. Piper Sandler reissued a "neutral" rating and set a $2.00 target price (down from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price objective on shares of Polestar Automotive Holding UK in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $3.48.
Check Out Our Latest Stock Analysis on PSNY
Polestar Automotive Holding UK Stock Performance
NASDAQ:PSNY traded down $0.09 during trading hours on Thursday, hitting $1.28. The company's stock had a trading volume of 3,325,765 shares, compared to its average volume of 3,265,792. Polestar Automotive Holding UK has a twelve month low of $1.16 and a twelve month high of $4.96. The stock has a fifty day simple moving average of $1.46 and a 200-day simple moving average of $1.84.
Institutional Trading of Polestar Automotive Holding UK
Several institutional investors have recently added to or reduced their stakes in PSNY. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Polestar Automotive Holding UK by 32.2% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company's stock valued at $47,000 after acquiring an additional 5,115 shares in the last quarter. Green Alpha Advisors LLC increased its holdings in shares of Polestar Automotive Holding UK by 2.4% during the 1st 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. Raymond James & Associates boosted its stake in shares of Polestar Automotive Holding UK by 36.5% during the 4th quarter. Raymond James & Associates now owns 29,532 shares of the company's stock worth $67,000 after acquiring an additional 7,900 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of Polestar Automotive Holding UK by 18.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 62,999 shares of the company's stock valued at $166,000 after acquiring an additional 9,942 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Polestar Automotive Holding UK in the 3rd quarter valued at about $25,000. Institutional investors own 1.02% of the company's stock.
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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