Polestar Automotive Holding UK (NASDAQ:PSNY) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Polestar Automotive Holding UK (NASDAQ:PSNY)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Tuesday, Benzinga reports. They currently have a $1.50 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 0.67% from the stock’s previous close.

Several other research firms have also recently weighed in on PSNY. Piper Sandler decreased their price objective 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. Sanford C. Bernstein increased their price target on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an “underperform” rating in a report on Friday, August 30th. 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 report on Thursday, May 16th. Barclays reduced their target price on Polestar Automotive Holding UK from $2.00 to $1.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.00 price target on shares of Polestar Automotive Holding UK in a research note on Monday. Two investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1.58.

Polestar Automotive Holding UK Stock Performance

PSNY opened at $1.49 on Tuesday. Polestar Automotive Holding UK has a one year low of $0.61 and a one year high of $2.97. The company has a fifty day moving average price of $0.91 and a 200-day moving average price of $1.13.

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

Institutional Trading of Polestar Automotive Holding UK

Institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC boosted its holdings in Polestar Automotive Holding UK by 159.5% during the 4th quarter. Private Advisor Group LLC now owns 62,550 shares of the company’s stock valued at $141,000 after acquiring an additional 38,450 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Polestar Automotive Holding UK by 67.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 288,172 shares of the company’s stock valued at $608,000 after purchasing an additional 116,207 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Polestar Automotive Holding UK during the fourth quarter valued at approximately $242,000. Tidal Investments LLC grew its holdings in shares of Polestar Automotive Holding UK by 118.4% in the first 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 last quarter. Finally, Cantor Fitzgerald L. P. purchased a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth $226,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

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.