Polestar Automotive Holding UK’s (PSNY) “Neutral” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a report released on Friday, Marketbeat.com reports.

Separately, Bank of America started coverage on Polestar Automotive Holding UK in a report on Thursday, December 5th. They set a “neutral” rating and a $1.25 target price on the stock. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1.53.

Polestar Automotive Holding UK Stock Performance

Shares of Polestar Automotive Holding UK stock opened at $1.09 on Friday. The firm has a market cap of $2.33 billion, a PE ratio of -1.91 and a beta of 1.53. Polestar Automotive Holding UK has a 1 year low of $0.61 and a 1 year high of $2.33. The firm’s 50-day simple moving average is $1.09 and its 200-day simple moving average is $1.14.

Hedge Funds Weigh In On Polestar Automotive Holding UK

A number of hedge funds and other institutional investors have recently bought and sold shares of PSNY. Public Employees Retirement Association of Colorado bought a new stake in shares of Polestar Automotive Holding UK in the 2nd quarter worth approximately $26,000. MetLife Investment Management LLC increased its position in Polestar Automotive Holding UK by 134.4% in the third quarter. MetLife Investment Management LLC now owns 15,390 shares of the company’s stock worth $26,000 after buying an additional 8,823 shares during the period. Captrust Financial Advisors lifted its stake in Polestar Automotive Holding UK by 125.4% in the third quarter. Captrust Financial Advisors now owns 46,615 shares of the company’s stock valued at $80,000 after buying an additional 25,930 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Polestar Automotive Holding UK by 153.1% during the second quarter. XTX Topco Ltd now owns 150,657 shares of the company’s stock valued at $119,000 after acquiring an additional 91,139 shares during the period. Finally, Scientech Research LLC bought a new position in shares of Polestar Automotive Holding UK during the second quarter worth about $161,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.

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.