Cantor Fitzgerald reiterated their overweight rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY - Free Report) in a report released on Friday morning, Benzinga reports. The brokerage currently has a $5.00 price target on the stock.
PSNY has been the subject of a number of other research reports. Piper Sandler reaffirmed a neutral rating and set a $2.00 price objective (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Sanford C. Bernstein assumed coverage on Polestar Automotive Holding UK in a report on Wednesday, January 24th. They set an underperform rating and a $1.15 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $4.36.
Read Our Latest Stock Report on PSNY
Polestar Automotive Holding UK Price Performance
Shares of NASDAQ PSNY remained flat at $1.46 on Friday. 2,058,596 shares of the stock were exchanged, compared to its average volume of 3,179,241. Polestar Automotive Holding UK has a one year low of $1.30 and a one year high of $4.96. The firm's fifty day moving average is $1.65 and its 200 day moving average is $2.05.
Institutional Trading of Polestar Automotive Holding UK
Institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. boosted its holdings in Polestar Automotive Holding UK by 744.0% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,451,571 shares of the company's stock worth $27,874,000 after acquiring an additional 2,161,109 shares during the period. JPMorgan Chase & Co. purchased a new position in Polestar Automotive Holding UK in the 4th quarter worth approximately $3,981,000. BlackRock Inc. boosted its holdings in Polestar Automotive Holding UK by 144.9% in the 2nd quarter. BlackRock Inc. now owns 1,217,387 shares of the company's stock worth $4,650,000 after acquiring an additional 720,285 shares during the period. First Trust Advisors LP boosted its holdings in Polestar Automotive Holding UK by 1,271.0% in the 1st quarter. First Trust Advisors LP now owns 513,168 shares of the company's stock worth $1,945,000 after acquiring an additional 475,739 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Polestar Automotive Holding UK in the 4th quarter worth approximately $869,000. Hedge funds and other 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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