US Bancorp DE Has $133,000 Stock Holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

US Bancorp DE decreased its stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 58.2% in the third quarter, HoldingsChannel reports. The firm owned 77,492 shares of the company’s stock after selling 108,018 shares during the period. US Bancorp DE’s holdings in Polestar Automotive Holding UK were worth $133,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PSNY. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Polestar Automotive Holding UK by 32.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 141,336 shares of the company’s stock valued at $218,000 after buying an additional 34,827 shares in the last quarter. Tidal Investments LLC boosted its stake in Polestar Automotive Holding UK by 118.4% in the 1st quarter. Tidal Investments LLC now owns 241,946 shares of the company’s stock worth $373,000 after purchasing an additional 131,167 shares during the period. DNB Asset Management AS purchased a new position in Polestar Automotive Holding UK during the 2nd quarter worth approximately $48,000. AMF Tjanstepension AB grew its position 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 purchasing an additional 17,571,426 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Polestar Automotive Holding UK during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $1.50 target price on shares of Polestar Automotive Holding UK in a research report on Tuesday, September 10th. Piper Sandler decreased their price objective on Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Sanford C. Bernstein upped their target price on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the company an “underperform” rating in a report on Friday, August 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $3.00 price target on shares of Polestar Automotive Holding UK in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1.58.

Polestar Automotive Holding UK Price Performance

PSNY opened at $1.16 on Friday. The company has a market capitalization of $2.48 billion, a PE ratio of -2.04 and a beta of 1.54. The business has a 50-day moving average of $1.44 and a 200-day moving average of $1.10. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.61 and a fifty-two week high of $2.65.

Polestar Automotive Holding UK (NASDAQ:PSNY) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.35) earnings per share for the quarter. The company had revenue of $534.12 million for the quarter. On average, equities research analysts expect that Polestar Automotive Holding UK PLC will post -0.53 earnings per share for the current fiscal year.

Polestar Automotive Holding UK Profile

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