Marshall Wace LLP acquired a new position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 515,000 shares of the company’s stock, valued at approximately $407,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board bought a new stake in Polestar Automotive Holding UK in the 2nd quarter valued at $193,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Polestar Automotive Holding UK in the second quarter valued at about $1,321,000. Canada Pension Plan Investment Board grew its stake in shares of Polestar Automotive Holding UK by 59.4% in the second quarter. Canada Pension Plan Investment Board now owns 321,142 shares of the company’s stock valued at $253,000 after acquiring an additional 119,642 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Polestar Automotive Holding UK in the second quarter valued at about $26,000. Finally, XTX Topco Ltd increased its position in Polestar Automotive Holding UK by 153.1% during the second quarter. XTX Topco Ltd now owns 150,657 shares of the company’s stock worth $119,000 after acquiring an additional 91,139 shares during the period. Institutional investors and hedge funds own 1.02% of the company’s stock.
Polestar Automotive Holding UK Stock Performance
Shares of PSNY opened at $1.48 on Friday. The firm has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $1.13. Polestar Automotive Holding UK PLC has a one year low of $0.61 and a one year high of $2.90.
Wall Street Analyst Weigh In
A number of analysts have issued reports on PSNY shares. Piper Sandler cut their price objective on shares of Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $3.00 price target on shares of Polestar Automotive Holding UK in a research report on Monday, September 30th. Barclays lowered their price objective on 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1.50 target price on shares of Polestar Automotive Holding UK in a research report on Tuesday, September 10th. Finally, Sanford C. Bernstein raised their price target on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Polestar Automotive Holding UK presently has an average rating of “Hold” and a consensus target price of $1.58.
Get Our Latest Stock Report on Polestar Automotive Holding UK
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.
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