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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