1,678,156 Shares in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ purchased a new position in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,678,156 shares of the company’s stock, valued at approximately $1,321,000. Skandinaviska Enskilda Banken AB publ owned 0.08% of Polestar Automotive Holding UK at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in Polestar Automotive Holding UK by 159.5% during the 4th quarter. Private Advisor Group LLC now owns 62,550 shares of the company’s stock valued at $141,000 after purchasing an additional 38,450 shares during the period. Jump Financial LLC purchased a new position in Polestar Automotive Holding UK during the 4th quarter valued at about $242,000. Vanguard Personalized Indexing Management LLC increased its position in Polestar Automotive Holding UK by 136.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company’s stock valued at $55,000 after purchasing an additional 14,048 shares during the period. Cantor Fitzgerald L. P. purchased a new position in Polestar Automotive Holding UK during the 4th quarter valued at about $226,000. Finally, Green Alpha Advisors LLC increased its position in 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 during the period. Hedge funds and other institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Trading Up 2.0 %

PSNY stock opened at $1.55 on Tuesday. The firm has a 50 day moving average of $1.04 and a 200 day moving average of $1.12. Polestar Automotive Holding UK PLC has a 52 week low of $0.61 and a 52 week high of $2.94.

Polestar Automotive Holding UK (NASDAQ:PSNY) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The business had revenue of $534.12 million for the quarter. As a group, analysts predict that Polestar Automotive Holding UK PLC will post -0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

PSNY has been the topic of a number of recent analyst reports. Piper Sandler lowered their price target on shares of Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $1.50 price target on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Barclays lowered their price target on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an “underweight” rating on the stock in a report on Wednesday, July 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $3.00 price target on shares of Polestar Automotive Holding UK in a report on Monday. Finally, Sanford C. Bernstein raised their price target on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the company an “underperform” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1.58.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.