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 report released on Monday morning, Benzinga reports. They currently have a $5.00 price objective on the stock.

Several other brokerages have also recently weighed in on PSNY. Citigroup dropped 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 research note on Thursday, May 16th. Piper Sandler reissued a neutral rating and issued a $2.00 target price (down from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $3.48.

Polestar Automotive Holding UK Trading Up 16.4 %

Shares of Polestar Automotive Holding UK stock opened at $0.92 on Monday. Polestar Automotive Holding UK has a twelve month low of $0.65 and a twelve month high of $4.96. The company has a 50-day simple moving average of $0.98 and a two-hundred day simple moving average of $1.52.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Polestar Automotive Holding UK by 32.2% during the 4th 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 grew its holdings in shares of Polestar Automotive Holding UK by 2.4% during the 1st 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 grew its holdings in shares of Polestar Automotive Holding UK by 36.5% during the 4th 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. grew its holdings in shares of Polestar Automotive Holding UK by 57.1% during the 4th 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 bought a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at approximately $28,000. 1.02% of the stock is owned by institutional investors.

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.