Fisker Inc. (NYSE:FSR) Receives Average Recommendation of “Hold” from Analysts

Shares of Fisker Inc. (NYSE:FSR – Get Rating) have been given a consensus rating of “Hold” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.17.

Several equities analysts have weighed in on FSR shares. Morgan Stanley cut Fisker from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $8.00 to $4.00 in a report on Wednesday, January 25th. Needham & Company LLC began coverage on Fisker in a report on Tuesday, February 28th. They issued a “hold” rating for the company. R. F. Lafferty dropped their target price on Fisker from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. Evercore ISI began coverage on Fisker in a report on Tuesday, November 29th. They issued an “outperform” rating and a $15.00 target price for the company. Finally, Barclays began coverage on Fisker in a report on Tuesday, February 14th. They issued an “underweight” rating and a $6.00 target price for the company.

Fisker Stock Down 2.7 %

NYSE FSR opened at $6.12 on Wednesday. The stock’s 50-day moving average price is $7.15 and its 200-day moving average price is $7.51. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.38. Fisker has a 52 week low of $5.59 and a 52 week high of $14.74. The company has a market capitalization of $1.96 billion, a P/E ratio of -3.40 and a beta of 1.08.

Fisker (NYSE:FSR – Get Rating) last released its quarterly earnings results on Monday, February 27th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.14). The firm had revenue of $0.31 million for the quarter, compared to analysts’ expectations of $1.02 million. Fisker had a negative net margin of 160,086.58% and a negative return on equity of 91.47%. The business’s quarterly revenue was up 646.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.47) EPS. On average, equities research analysts predict that Fisker will post -1.07 earnings per share for the current year.

Hedge Funds Weigh In On Fisker

A number of large investors have recently bought and sold shares of FSR. Whitebox Advisors LLC raised its position in Fisker by 366.8% during the 3rd quarter. Whitebox Advisors LLC now owns 1,867,300 shares of the company’s stock valued at $14,099,000 after purchasing an additional 2,567,300 shares in the last quarter. Moore Capital Management LP raised its position in Fisker by 19.5% during the 4th quarter. Moore Capital Management LP now owns 8,583,630 shares of the company’s stock valued at $62,403,000 after purchasing an additional 1,400,000 shares in the last quarter. Lazard Asset Management LLC raised its position in Fisker by 178.2% during the 3rd quarter. Lazard Asset Management LLC now owns 2,026,228 shares of the company’s stock valued at $15,298,000 after purchasing an additional 1,297,909 shares in the last quarter. SG Americas Securities LLC raised its position in Fisker by 6,259.4% during the 4th quarter. SG Americas Securities LLC now owns 1,089,171 shares of the company’s stock valued at $7,918,000 after purchasing an additional 1,072,044 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Fisker by 21.0% in the 4th quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,112,857 shares of the company’s stock worth $44,440,000 after acquiring an additional 1,061,092 shares in the last quarter. Hedge funds and other institutional investors own 28.95% of the company’s stock.

Fisker Company Profile

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Fisker, Inc engages in building a technology-enabled automotive business model, which involves vehicle development, customer experience, and sales and service. It also designs, develops, and manufactures eco-friendly electric vehicles. The company was founded by Henrik Fisker and Geeta Gupta-Fisker in 2016 is headquartered in Manhattan Beach, CA.