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

Cantor Fitzgerald reaffirmed their overweight rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a report released on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $3.00 price target on the stock.

Other equities research analysts have also issued research reports about the company. Barclays lowered their target price on Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating for the company in a research note on Wednesday, July 3rd. Citigroup lowered their target price on Polestar Automotive Holding UK from $2.50 to $1.70 and set a neutral rating for the company in a research note on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $2.98.

Polestar Automotive Holding UK Trading Down 7.0 %

PSNY stock opened at $0.90 on Monday. Polestar Automotive Holding UK has a 1 year low of $0.65 and a 1 year high of $4.75. The stock has a 50-day simple moving average of $0.88 and a 200-day simple moving average of $1.40.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Swedbank AB bought a new position in Polestar Automotive Holding UK during the 2nd quarter worth approximately $9,235,000. Baader Bank Aktiengesellschaft bought a new position in Polestar Automotive Holding UK during the 2nd quarter worth approximately $50,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Polestar Automotive Holding UK during the 2nd quarter worth approximately $518,000. SG Americas Securities LLC bought a new position in Polestar Automotive Holding UK during the 2nd quarter worth approximately $32,000. Finally, AMF Tjanstepension AB lifted its holdings in Polestar Automotive Holding UK by 399.3% during the 2nd quarter. AMF Tjanstepension AB now owns 21,971,866 shares of the company’s stock worth $17,283,000 after buying an additional 17,571,426 shares during the last quarter. Institutional investors own 1.02% of the company’s stock.

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.