AE Wealth Management LLC Boosts Stock Position in Canoo Inc. (NYSE:GOEV)

AE Wealth Management LLC boosted its holdings in shares of Canoo Inc. (NYSE:GOEVGet Rating) by 79.0% during the third quarter, Holdings Channel.com reports. The firm owned 20,805 shares of the company’s stock after acquiring an additional 9,179 shares during the period. AE Wealth Management LLC’s holdings in Canoo were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GOEV. Walker Asset Management LLC bought a new stake in Canoo during the second quarter worth approximately $47,000. Independent Wealth Network Inc. purchased a new position in shares of Canoo in the 3rd quarter worth approximately $131,000. Parametrica Management Ltd purchased a new stake in Canoo during the 2nd quarter valued at $159,000. Hsbc Holdings PLC bought a new stake in Canoo in the first quarter worth $95,000. Finally, XTX Topco Ltd purchased a new position in Canoo during the first quarter worth $93,000. Institutional investors own 52.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, R. F. Lafferty reduced their target price on shares of Canoo from $15.00 to $6.00 in a research note on Thursday, November 10th.

Canoo Stock Performance

Shares of GOEV stock opened at $1.27 on Friday. The stock has a 50 day moving average price of $1.25 and a 200 day moving average price of $2.15. Canoo Inc. has a 52-week low of $1.02 and a 52-week high of $6.46. The firm has a market capitalization of $412.12 million, a P/E ratio of -0.56 and a beta of 1.18.

Canoo (NYSE:GOEVGet Rating) last released its earnings results on Wednesday, November 9th. The company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.06. As a group, sell-side analysts forecast that Canoo Inc. will post -1.86 EPS for the current year.

Insider Buying and Selling

In related news, CEO Tony Aquila acquired 4,504,505 shares of the stock in a transaction on Monday, November 21st. The stock was bought at an average cost of $1.11 per share, with a total value of $5,000,000.55. Following the transaction, the chief executive officer now directly owns 55,737,160 shares in the company, valued at $61,868,247.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Canoo news, President Josette Sheeran sold 36,880 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $1.44, for a total transaction of $53,107.20. Following the transaction, the president now directly owns 1,361,511 shares in the company, valued at approximately $1,960,575.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tony Aquila bought 4,504,505 shares of the business’s stock in a transaction on Monday, November 21st. The shares were acquired at an average cost of $1.11 per share, for a total transaction of $5,000,000.55. Following the transaction, the chief executive officer now directly owns 55,737,160 shares in the company, valued at approximately $61,868,247.60. The disclosure for this purchase can be found here. Insiders have sold 88,693 shares of company stock valued at $109,673 in the last 90 days. Company insiders own 21.90% of the company’s stock.

About Canoo

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Canoo Inc, a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles.

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Institutional Ownership by Quarter for Canoo (NYSE:GOEV)

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