EP Wealth Advisors LLC raised its holdings in Canoo Inc. (NASDAQ:GOEV – Free Report) by 269.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000,000 shares of the company’s stock after purchasing an additional 729,236 shares during the period. EP Wealth Advisors LLC owned 0.10% of Canoo worth $257,000 at the end of the most recent reporting period.
Separately, Kestra Advisory Services LLC purchased a new position in Canoo during the third quarter valued at approximately $72,000. Institutional investors own 36.23% of the company’s stock.
Canoo Stock Performance
Shares of GOEV opened at $1.81 on Friday. The firm has a market cap of $124.11 million, a price-to-earnings ratio of -0.17 and a beta of 1.28. Canoo Inc. has a fifty-two week low of $1.22 and a fifty-two week high of $19.50. The firm has a 50 day moving average price of $2.49 and a 200-day moving average price of $3.43.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $5.00 price objective on shares of Canoo in a research note on Wednesday, May 22nd. Roth Mkm reduced their price objective on shares of Canoo from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Wednesday, May 15th. R. F. Lafferty cut shares of Canoo from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Canoo in a research note on Wednesday, May 15th. Finally, Alliance Global Partners cut their price target on shares of Canoo from $20.00 to $18.50 and set a “buy” rating for the company in a research note on Friday, March 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canoo presently has an average rating of “Moderate Buy” and an average price target of $23.79.
View Our Latest Stock Analysis on GOEV
About Canoo
Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components.
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