5,151 Shares in Fisker Inc. (NYSE:FSR) Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC acquired a new position in shares of Fisker Inc. (NYSE:FSR – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,151 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds and other institutional investors have also modified their holdings of FSR. HighTower Advisors LLC raised its holdings in shares of Fisker by 4.4% during the first quarter. HighTower Advisors LLC now owns 50,610 shares of the company’s stock worth $649,000 after acquiring an additional 2,134 shares in the last quarter. Cetera Advisor Networks LLC increased its position in Fisker by 13.0% during the first quarter. Cetera Advisor Networks LLC now owns 12,693 shares of the company’s stock worth $164,000 after buying an additional 1,464 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Fisker in the first quarter valued at about $133,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Fisker by 164.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 42,742 shares of the company’s stock valued at $551,000 after purchasing an additional 26,604 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Fisker by 58.5% in the first quarter. MetLife Investment Management LLC now owns 92,391 shares of the company’s stock valued at $1,192,000 after purchasing an additional 34,099 shares during the last quarter. 28.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fisker news, CTO Burkhard J. Huhnke sold 10,280 shares of Fisker stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $5.93, for a total transaction of $60,960.40. Following the completion of the sale, the chief technology officer now owns 25,493 shares of the company’s stock, valued at approximately $151,173.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FSR. R. F. Lafferty lowered their price target on Fisker from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, February 28th. Needham & Company LLC began coverage on shares of Fisker in a research note on Tuesday, February 28th. They set a “hold” rating for the company. Finally, Barclays initiated coverage on shares of Fisker in a research note on Tuesday, February 14th. They set an “underweight” rating and a $6.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Fisker has an average rating of “Hold” and a consensus price target of $12.00.

Fisker Trading Down 3.2 %

Shares of Fisker stock opened at $6.57 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a 50 day simple moving average of $5.78 and a 200 day simple moving average of $6.73. Fisker Inc. has a fifty-two week low of $4.26 and a fifty-two week high of $11.41.

Fisker (NYSE:FSR – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.10). Fisker had a negative net margin of 103,404.73% and a negative return on equity of 103.57%. The company had revenue of $0.20 million during the quarter, compared to analyst estimates of $2.52 million. During the same period in the prior year, the business earned ($0.41) EPS. The business’s revenue for the quarter was up 1550.0% on a year-over-year basis. On average, analysts anticipate that Fisker Inc. will post -1.22 earnings per share for the current fiscal year.

About Fisker

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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.