Polestar Automotive Holding UK (NASDAQ:PSNY) Earns Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a research report released on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $3.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Piper Sandler decreased their target price 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. Barclays reduced their price objective on Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating for the company in a research note on Wednesday, July 3rd. Sanford C. Bernstein upped their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $1.50 price objective on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Two equities research 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’s stock. According to data from MarketBeat.com, Polestar Automotive Holding UK presently has an average rating of Hold and a consensus target price of $1.58.

Polestar Automotive Holding UK Price Performance

Shares of Polestar Automotive Holding UK stock opened at $1.72 on Monday. Polestar Automotive Holding UK has a 12-month low of $0.61 and a 12-month high of $2.91. The company’s fifty day simple moving average is $1.18 and its two-hundred day simple moving average is $1.14.

Polestar Automotive Holding UK (NASDAQ:PSNY) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The business had revenue of $534.12 million during the quarter. On average, equities analysts expect that Polestar Automotive Holding UK will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Polestar Automotive Holding UK

Institutional investors have recently added to or reduced their stakes in the company. Green Alpha Advisors LLC increased its stake in Polestar Automotive Holding UK by 2.4% in the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company’s stock worth $430,000 after purchasing an additional 6,528 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in 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 acquiring an additional 13,624 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in Polestar Automotive Holding UK in the second quarter valued at about $26,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Polestar Automotive Holding UK by 32.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 141,336 shares of the company’s stock valued at $218,000 after purchasing an additional 34,827 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Polestar Automotive Holding UK in the 2nd quarter worth $32,000. Institutional investors own 1.02% of the company’s stock.

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.