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Renaissance Technologies LLC Takes $312,000 Position in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Polestar Automotive Holding UK logo with Auto/Tires/Trucks background

Renaissance Technologies LLC acquired a new stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 297,100 shares of the company's stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSNY. Raymond James Financial Inc. purchased a new stake in Polestar Automotive Holding UK in the 4th quarter valued at approximately $33,000. Bank of New York Mellon Corp purchased a new stake in shares of Polestar Automotive Holding UK in the fourth quarter valued at $37,000. Alliancebernstein L.P. acquired a new stake in shares of Polestar Automotive Holding UK during the fourth quarter valued at $42,000. Tobam purchased a new stake in Polestar Automotive Holding UK during the 4th quarter worth about $65,000. Finally, Performa Ltd US LLC increased its position in Polestar Automotive Holding UK by 23.6% during the 4th quarter. Performa Ltd US LLC now owns 82,520 shares of the company's stock worth $87,000 after purchasing an additional 15,752 shares in the last quarter. 1.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald restated a "neutral" rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $1.53.

Check Out Our Latest Stock Report on Polestar Automotive Holding UK

Polestar Automotive Holding UK Stock Performance

Polestar Automotive Holding UK stock traded down $0.07 during trading on Friday, hitting $1.09. The company's stock had a trading volume of 5,818,838 shares, compared to its average volume of 7,669,916. The stock's fifty day moving average is $1.06 and its 200 day moving average is $1.09. Polestar Automotive Holding UK PLC has a 1-year low of $0.61 and a 1-year high of $1.94. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of -1.90 and a beta of 1.43.

Polestar Automotive Holding UK Company Profile

(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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Institutional Ownership by Quarter for Polestar Automotive Holding UK (NASDAQ:PSNY)

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