Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Receives $1.53 Average Target Price from Analysts

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has received a consensus rating of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $1.53.

Several research analysts have commented on PSNY shares. Bank of America assumed coverage on shares of Polestar Automotive Holding UK in a research report on Thursday, December 5th. They set a “neutral” rating and a $1.25 price objective for the company. Cantor Fitzgerald restated a “neutral” rating on shares of Polestar Automotive Holding UK in a research report on Friday.

Polestar Automotive Holding UK Stock Up 0.5 %

PSNY stock opened at $1.09 on Monday. The company’s 50-day moving average price is $1.09 and its two-hundred day moving average price is $1.14. The firm has a market cap of $2.33 billion, a P/E ratio of -1.91 and a beta of 1.53. Polestar Automotive Holding UK has a 12 month low of $0.61 and a 12 month high of $2.33.

Institutional Trading of Polestar Automotive Holding UK

A number of hedge funds have recently made changes to their positions in the company. MetLife Investment Management LLC raised its holdings in Polestar Automotive Holding UK by 134.4% in the 3rd quarter. MetLife Investment Management LLC now owns 15,390 shares of the company’s stock valued at $26,000 after buying an additional 8,823 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Polestar Automotive Holding UK during the second quarter worth $26,000. Captrust Financial Advisors grew its stake 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 worth $80,000 after purchasing an additional 25,930 shares during the last quarter. XTX Topco Ltd increased its holdings in Polestar Automotive Holding UK by 153.1% in the second quarter. XTX Topco Ltd now owns 150,657 shares of the company’s stock valued at $119,000 after purchasing an additional 91,139 shares during the period. Finally, Scientech Research LLC bought a new position in Polestar Automotive Holding UK during the 2nd quarter worth $161,000. 1.02% of the stock is 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.