Workhorse Group Inc. (NASDAQ:WKHS) Shares Acquired by Geode Capital Management LLC

Posted by Defense World Staff on Jan 14th, 2025

Geode Capital Management LLC grew its stake in Workhorse Group Inc. (NASDAQ:WKHS – Free Report) by 76.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,270 shares of the company’s stock after purchasing an additional 123,150 shares during the quarter. Geode Capital Management LLC owned approximately 1.16% of Workhorse Group worth $246,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Workhorse Group in the second quarter valued at about $55,000. Jane Street Group LLC grew its position in shares of Workhorse Group by 91.6% in the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after purchasing an additional 19,473 shares during the period. Finally, Sei Investments Co. acquired a new position in Workhorse Group during the second quarter worth about $69,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Workhorse Group Price Performance

NASDAQ:WKHS opened at $0.73 on Tuesday. The firm has a market capitalization of $29.83 million, a price-to-earnings ratio of -0.09 and a beta of 2.70. The company’s 50-day moving average is $0.95 and its two-hundred day moving average is $1.01. Workhorse Group Inc. has a 1-year low of $0.57 and a 1-year high of $8.18.

Analysts Set New Price Targets

A number of research firms recently weighed in on WKHS. StockNews.com upgraded shares of Workhorse Group to a “sell” rating in a research report on Friday. TD Cowen boosted their price target on shares of Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research report on Wednesday, November 20th.

Check Out Our Latest Report on Workhorse Group

Workhorse Group Company Profile

(Free Report)

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.