Stellantis (NYSE:STLA) Reaches New 12-Month Low at $14.97

Stellantis (NYSE:STLA)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.97 and last traded at $14.99, with a volume of 517377 shares traded. The stock had previously closed at $15.55.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Jefferies Financial Group restated a “hold” rating and issued a $16.44 target price (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Barclays raised shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Finally, Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Stellantis currently has an average rating of “Moderate Buy” and an average target price of $27.34.

Stellantis Stock Down 3.7 %

The firm has a fifty day moving average of $17.52 and a two-hundred day moving average of $21.96. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the acquisition, the insider now owns 59,734,962 shares in the company, valued at $200,112,122.70. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Rothschild Investment LLC purchased a new stake in shares of Stellantis in the 2nd quarter valued at $25,000. Westend Capital Management LLC acquired a new position in shares of Stellantis during the 1st quarter worth about $38,000. ORG Partners LLC acquired a new stake in shares of Stellantis in the second quarter worth approximately $38,000. Cape Investment Advisory Inc. increased its position in shares of Stellantis by 424.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after purchasing an additional 1,736 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in Stellantis during the 2nd quarter worth $54,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.