Polestar Automotive Holding UK (NASDAQ:PSNY) PT Lowered to $1.50 at Piper Sandler

Polestar Automotive Holding UK (NASDAQ:PSNY) had its target price trimmed by Piper Sandler from $2.00 to $1.50 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently commented on PSNY. Sanford C. Bernstein lifted their target price on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an underperform rating in a research note on Friday, August 30th. Barclays lowered their price objective on Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating for the company in a research report on Wednesday, July 3rd. Cantor Fitzgerald reissued an overweight rating and issued a $3.00 price target on shares of Polestar Automotive Holding UK in a research note on Friday, August 30th. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Polestar Automotive Holding UK has a consensus rating of Hold and a consensus price target of $1.60.

Polestar Automotive Holding UK Price Performance

Polestar Automotive Holding UK stock opened at $1.38 on Wednesday. Polestar Automotive Holding UK has a fifty-two week low of $0.61 and a fifty-two week high of $3.03. The stock has a fifty day moving average of $0.89 and a two-hundred day moving average of $1.14.

Polestar Automotive Holding UK (NASDAQ:PSNY) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.35) EPS for the quarter. The company had revenue of $534.12 million during the quarter. Research analysts predict that Polestar Automotive Holding UK will post -0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Street Partners LLC acquired a new stake in shares of Polestar Automotive Holding UK in the fourth quarter worth $28,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Polestar Automotive Holding UK by 136.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company’s stock valued at $55,000 after buying an additional 14,048 shares during the period. Bard Financial Services Inc. lifted its position in 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 worth $62,000 after acquiring an additional 10,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Polestar Automotive Holding UK by 77.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company’s stock worth $25,000 after acquiring an additional 13,624 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Polestar Automotive Holding UK during the second quarter valued at approximately $26,000. 1.02% of the stock is owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Company Profile

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