Captrust Financial Advisors Has $80,000 Holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Captrust Financial Advisors grew its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 125.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,615 shares of the company’s stock after buying an additional 25,930 shares during the quarter. Captrust Financial Advisors’ holdings in Polestar Automotive Holding UK were worth $80,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MetLife Investment Management LLC lifted its position in Polestar Automotive Holding UK by 134.4% during the 3rd quarter. MetLife Investment Management LLC now owns 15,390 shares of the company’s stock worth $26,000 after buying an additional 8,823 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Polestar Automotive Holding UK by 77.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company’s stock worth $25,000 after buying an additional 13,624 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Polestar Automotive Holding UK during the 2nd quarter worth about $26,000. SG Americas Securities LLC bought a new stake in Polestar Automotive Holding UK during the 2nd quarter worth about $32,000. Finally, Versor Investments LP bought a new stake in Polestar Automotive Holding UK during the 2nd quarter worth about $47,000. 1.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on PSNY. Piper Sandler cut their price target on shares of Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $1.50 target price on shares of Polestar Automotive Holding UK in a report on Tuesday, September 10th. Bank of America started coverage on shares of Polestar Automotive Holding UK in a report on Thursday, December 5th. They issued a “neutral” rating and a $1.25 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.00 target price on shares of Polestar Automotive Holding UK in a report on Monday, September 30th. Finally, Sanford C. Bernstein upped their target price on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the company an “underperform” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Polestar Automotive Holding UK presently has a consensus rating of “Hold” and an average target price of $1.53.

Polestar Automotive Holding UK Stock Down 5.2 %

Polestar Automotive Holding UK stock opened at $0.97 on Tuesday. The stock has a market cap of $2.06 billion, a P/E ratio of -1.70 and a beta of 1.53. Polestar Automotive Holding UK PLC has a twelve month low of $0.61 and a twelve month high of $2.56. The company’s 50-day moving average price is $1.20 and its two-hundred day moving average price is $1.09.

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.