Polestar Automotive Holding UK (NASDAQ:PSNY) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a research report sent to investors on Monday, Benzinga reports. The firm currently has a $3.00 price target on the stock.

Several other brokerages have also commented on PSNY. Barclays lowered their price objective on shares of Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating for the company in a report on Wednesday, July 3rd. Citigroup lowered their price objective on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a neutral rating for the company in a report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $2.98.

Polestar Automotive Holding UK Trading Up 2.6 %

Polestar Automotive Holding UK stock opened at $0.76 on Monday. The firm has a 50-day moving average of $0.83 and a 200-day moving average of $1.36. Polestar Automotive Holding UK has a 1-year low of $0.65 and a 1-year high of $4.63.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Several large investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Polestar Automotive Holding UK by 32.2% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company’s stock valued at $47,000 after purchasing an additional 5,115 shares during the last quarter. Green Alpha Advisors LLC lifted its holdings in shares of Polestar Automotive Holding UK by 2.4% during the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company’s stock valued at $430,000 after purchasing an additional 6,528 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Polestar Automotive Holding UK by 36.5% during the fourth quarter. Raymond James & Associates now owns 29,532 shares of the company’s stock valued at $67,000 after purchasing an additional 7,900 shares during the last quarter. Bard Financial Services Inc. lifted its holdings in shares of Polestar Automotive Holding UK by 57.1% during the fourth quarter. Bard Financial Services Inc. now owns 27,500 shares of the company’s stock valued at $62,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Principal Street Partners LLC purchased a new position in shares of Polestar Automotive Holding UK during the fourth quarter valued at approximately $28,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

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.