3,929,785 Shares in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Purchased by Tredje AP fonden

Tredje AP fonden bought a new stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,929,785 shares of the company’s stock, valued at approximately $3,091,000. Tredje AP fonden owned approximately 0.18% of Polestar Automotive Holding UK at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSNY. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Polestar Automotive Holding UK by 77.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company’s stock valued at $25,000 after purchasing an additional 13,624 shares during the last quarter. SG Americas Securities LLC purchased a new position in Polestar Automotive Holding UK during the second quarter worth $32,000. Versor Investments LP purchased a new position in Polestar Automotive Holding UK during the second quarter worth $47,000. DNB Asset Management AS acquired a new position in shares of Polestar Automotive Holding UK in the second quarter worth $48,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Polestar Automotive Holding UK in the second quarter valued at $50,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

Polestar Automotive Holding UK Price Performance

NASDAQ:PSNY opened at $1.61 on Friday. The business’s 50-day moving average is $1.01 and its two-hundred day moving average is $1.13. Polestar Automotive Holding UK PLC has a 12 month low of $0.61 and a 12 month high of $2.94.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler dropped their price objective on Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Barclays reduced their price objective on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 3rd. Sanford C. Bernstein lifted their target price on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $1.50 price target on shares of Polestar Automotive Holding UK in a research note on Tuesday, September 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.00 price objective on shares of Polestar Automotive Holding UK in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1.58.

Polestar Automotive Holding UK Profile

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