Susquehanna Fundamental Investments LLC Has $44,000 Stock Holdings in Canoo Inc. (NASDAQ:GOEV)

Susquehanna Fundamental Investments LLC reduced its stake in Canoo Inc. (NASDAQ:GOEV) by 91.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,588 shares of the company’s stock after selling 231,550 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Canoo were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in Canoo in the second quarter valued at about $35,000. Point72 DIFC Ltd acquired a new stake in shares of Canoo in the 2nd quarter valued at approximately $37,000. Headlands Technologies LLC bought a new position in Canoo during the 2nd quarter worth approximately $60,000. Daiwa Securities Group Inc. acquired a new position in Canoo during the second quarter valued at approximately $70,000. Finally, Rhumbline Advisers acquired a new position in Canoo during the second quarter valued at approximately $153,000. 36.23% of the stock is currently owned by institutional investors.

Canoo Stock Up 3.2 %

Shares of GOEV stock opened at $0.99 on Friday. The firm has a market cap of $67.72 million, a PE ratio of -0.09 and a beta of 1.27. Canoo Inc. has a 12 month low of $0.88 and a 12 month high of $10.23. The company’s fifty day simple moving average is $1.38 and its 200-day simple moving average is $2.13.

Canoo (NASDAQ:GOEV) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.77) by $0.68. The company had revenue of $0.61 million during the quarter, compared to analyst estimates of $1.99 million. On average, equities analysts predict that Canoo Inc. will post -3.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GOEV has been the topic of several analyst reports. Roth Mkm cut their target price on shares of Canoo from $3.00 to $1.50 and set a “neutral” rating on the stock in a report on Thursday, August 15th. HC Wainwright dropped their price objective on Canoo from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Canoo presently has an average rating of “Moderate Buy” and a consensus price target of $23.04.

Canoo Company Profile

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.