Brokerages Set Polestar Automotive Holding UK PLC (NASDAQ:PSNY) PT at $1.53

Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) have received a consensus recommendation of “Reduce” from the seven research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $1.53.

Several equities analysts recently issued reports on PSNY shares. Cantor Fitzgerald reissued an “overweight” rating and set a $3.00 price target on shares of Polestar Automotive Holding UK in a report on Monday, September 30th. Bank of America initiated coverage on shares of Polestar Automotive Holding UK in a research note on Thursday, December 5th. They issued a “neutral” rating and a $1.25 target price for the company.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised its stake in shares of Polestar Automotive Holding UK by 78.3% during the third quarter. Tidal Investments LLC now owns 468,741 shares of the company’s stock worth $806,000 after buying an additional 205,890 shares during the last quarter. Geode Capital Management LLC grew its holdings in Polestar Automotive Holding UK by 444.0% during the third quarter. Geode Capital Management LLC now owns 854,999 shares of the company’s stock valued at $1,471,000 after purchasing an additional 697,820 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Polestar Automotive Holding UK in the third quarter valued at approximately $468,000. XTX Topco Ltd boosted its holdings in shares of Polestar Automotive Holding UK by 91.5% in the third quarter. XTX Topco Ltd now owns 288,564 shares of the company’s stock valued at $496,000 after buying an additional 137,907 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of 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 period. 1.02% of the stock is owned by institutional investors.

Polestar Automotive Holding UK Stock Up 5.2 %

Shares of PSNY stock opened at $1.22 on Monday. Polestar Automotive Holding UK has a 12-month low of $0.61 and a 12-month high of $2.33. The company has a market capitalization of $2.60 billion, a P/E ratio of -2.14 and a beta of 1.53. The firm has a 50-day moving average price of $1.10 and a 200 day moving average price of $1.14.

Polestar Automotive Holding UK Company Profile

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