2,428,107 Shares in Fisker Inc. (NYSE:FSR) Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. bought a new position in Fisker Inc. (NYSE:FSR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,428,107 shares of the company’s stock, valued at approximately $41,812,000. D. E. Shaw & Co. Inc. owned about 0.84% of Fisker as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. tru Independence LLC acquired a new stake in shares of Fisker in the fourth quarter worth approximately $14,655,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Fisker in the fourth quarter worth approximately $29,000. Arkadios Wealth Advisors boosted its position in shares of Fisker by 892.5% in the first quarter. Arkadios Wealth Advisors now owns 1,985 shares of the company’s stock worth $34,000 after acquiring an additional 1,785 shares during the last quarter. American National Bank acquired a new stake in shares of Fisker in the first quarter worth approximately $41,000. Finally, US Bancorp DE acquired a new stake in shares of Fisker in the first quarter worth approximately $69,000. 23.66% of the stock is currently owned by institutional investors and hedge funds.

FSR opened at $16.39 on Thursday. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of -40.98 and a beta of 0.97. The firm’s 50 day moving average price is $16.01. Fisker Inc. has a 52-week low of $8.70 and a 52-week high of $31.96.

Fisker (NYSE:FSR) last posted its quarterly earnings data on Sunday, May 16th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. The firm had revenue of $0.02 million for the quarter. Equities analysts expect that Fisker Inc. will post -0.85 earnings per share for the current year.

In related news, CEO Henrik Fisker sold 22,000 shares of Fisker stock in a transaction dated Friday, June 11th. The shares were sold at an average price of $18.70, for a total transaction of $411,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Geeta Gupta sold 561,956 shares of Fisker stock in a transaction dated Friday, June 11th. The shares were sold at an average price of $17.83, for a total transaction of $10,019,675.48. 24.95% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on FSR shares. The Goldman Sachs Group reissued a “sell” rating and issued a $10.00 target price (down from $15.00) on shares of Fisker in a research report on Wednesday, April 28th. Zacks Investment Research upgraded shares of Fisker from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America initiated coverage on shares of Fisker in a report on Tuesday, April 20th. They issued a “buy” rating and a $31.00 price target on the stock. Royal Bank of Canada initiated coverage on shares of Fisker in a report on Tuesday, June 8th. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, Barclays initiated coverage on shares of Fisker in a report on Thursday, April 1st. They issued an “equal weight” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $26.36.

Fisker Company Profile

Fisker, Inc engages in the provision of e-mobility solutions. It develops and manufactures eco-friendly electrically powered vehicles. Its products include solar t-shirt, sustainable solar bottle, solar hoodie, and fisker hat. The company was founded by Henrik Fisker and Geeta Gupta-Fisker in 2016 is headquartered in Manhattan Beach, CA.

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Institutional Ownership by Quarter for Fisker (NYSE:FSR)

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