Investment Analysts’ Recent Ratings Updates for Polestar Automotive Holding UK (PSNY)

A number of research firms have changed their ratings and price targets for Polestar Automotive Holding UK (NASDAQ: PSNY):

• 9/4/2024 – Polestar Automotive Holding UK had its price target lowered by analysts at Piper Sandler from $2.00 to $1.50. They now have a “neutral” rating on the stock.
• 8/30/2024 – Polestar Automotive Holding UK had its price target raised by analysts at Sanford C. Bernstein from $0.74 to $0.78. They now have an “underperform” rating on the stock.
• 8/30/2024 – Polestar Automotive Holding UK had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3.00 price target on the stock.
• 8/16/2024 – Polestar Automotive Holding UK had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3.00 price target on the stock.
• 7/22/2024 – Polestar Automotive Holding UK had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3.00 price target on the stock.
• 7/15/2024 – Polestar Automotive Holding UK had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $3.00 price target on the stock.

Polestar Automotive Holding UK Trading Down 11.7 %

Shares of NASDAQ PSNY traded down $0.16 during midday trading on Wednesday, hitting $1.21. The company’s stock had a trading volume of 10,989,970 shares, compared to its average volume of 7,969,198. The business’s fifty day simple moving average is $0.86 and its two-hundred day simple moving average is $1.14. Polestar Automotive Holding UK PLC has a 1 year low of $0.61 and a 1 year high of $3.36.

Polestar Automotive Holding UK (NASDAQ:PSNY) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.35) EPS for the quarter. The firm had revenue of $534.12 million for the quarter. Equities research analysts anticipate that Polestar Automotive Holding UK PLC will post -0.57 EPS for the current fiscal year.

Institutional Trading of Polestar Automotive Holding UK

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Polestar Automotive Holding UK by 77.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company’s stock worth $25,000 after acquiring an additional 13,624 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter worth $26,000. Principal Street Partners LLC purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth $28,000. SG Americas Securities LLC purchased a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter worth $32,000. Finally, Versor Investments LP purchased a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.