Polestar Automotive Holding UK’s (PSNY) Neutral Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a research report sent to investors on Friday, MarketBeat.com reports.

Separately, 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 price target for the company. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1.53.

Polestar Automotive Holding UK Trading Up 0.5 %

Shares of PSNY opened at $1.09 on Friday. 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 cap of $2.33 billion, a PE ratio of -1.91 and a beta of 1.53. The stock has a 50-day moving average price of $1.10 and a 200-day moving average price of $1.14.

Institutional Investors Weigh In On Polestar Automotive Holding UK

A number of hedge funds have recently made changes to their positions in PSNY. Tredje AP fonden purchased a new stake in Polestar Automotive Holding UK during the second quarter valued at about $3,091,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Polestar Automotive Holding UK during the 2nd quarter valued at about $1,321,000. Geode Capital Management LLC grew its position in Polestar Automotive Holding UK by 444.0% during the 3rd quarter. Geode Capital Management LLC now owns 854,999 shares of the company’s stock worth $1,471,000 after acquiring an additional 697,820 shares during the last quarter. Marshall Wace LLP purchased a new position in Polestar Automotive Holding UK in the 2nd quarter worth approximately $407,000. Finally, Renaissance Technologies LLC bought a new stake in Polestar Automotive Holding UK in the second quarter valued at approximately $266,000. 1.02% of the stock is currently owned by institutional investors.

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.