Cantor Fitzgerald Reaffirms Overweight Rating for Polestar Automotive Holding UK (NASDAQ:PSNY)

Cantor Fitzgerald restated their overweight rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a report issued on Friday morning, Benzinga reports. Cantor Fitzgerald currently has a $5.00 target price on the stock.

Other equities analysts have also issued reports about the stock. Piper Sandler reiterated a neutral rating and issued a $2.00 price objective (down from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Sanford C. Bernstein began coverage on shares of Polestar Automotive Holding UK in a report on Wednesday, January 24th. They issued an underperform rating and a $1.15 target price on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $3.83.

Polestar Automotive Holding UK Stock Down 0.3 %

Polestar Automotive Holding UK stock opened at $1.46 on Friday. The stock has a 50 day moving average of $1.65 and a two-hundred day moving average of $2.03. Polestar Automotive Holding UK has a twelve month low of $1.30 and a twelve month high of $4.96.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Large investors have recently made changes to their positions in the stock. Cetera Advisor Networks LLC boosted its holdings in Polestar Automotive Holding UK by 5.9% during the first quarter. Cetera Advisor Networks LLC now owns 40,880 shares of the company’s stock worth $465,000 after buying an additional 2,280 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Polestar Automotive Holding UK by 45.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,245 shares of the company’s stock valued at $77,000 after acquiring an additional 4,782 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Polestar Automotive Holding UK by 32.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company’s stock worth $47,000 after acquiring an additional 5,115 shares in the last quarter. UBS Group AG acquired a new stake in shares of Polestar Automotive Holding UK in the 2nd quarter worth approximately $46,000. Finally, Citigroup Inc. purchased a new position in Polestar Automotive Holding UK in the 1st quarter valued at approximately $59,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

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.