Tidal Investments LLC raised its stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY – Free Report) by 118.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,946 shares of the company’s stock after acquiring an additional 131,167 shares during the quarter. Tidal Investments LLC’s holdings in Polestar Automotive Holding UK were worth $373,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of PSNY. Handelsbanken Fonder AB bought a new stake in Polestar Automotive Holding UK during the 4th quarter valued at $351,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Polestar Automotive Holding UK by 67.6% during the 4th 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 4th quarter valued at $242,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Polestar Automotive Holding UK during the 4th quarter valued at $226,000. Finally, Private Advisor Group LLC lifted its holdings in shares of 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 purchasing an additional 38,450 shares during the last quarter. Institutional investors own 1.02% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on the company. Barclays decreased their price objective on Polestar Automotive Holding UK from $2.00 to $1.00 and set an “underweight” rating for the company in a report on Wednesday, July 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $3.00 target price on shares of Polestar Automotive Holding UK in a research note on Monday, July 22nd. Finally, Citigroup reduced their target price on Polestar Automotive Holding UK from $2.50 to $1.70 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1.77.
Check Out Our Latest Stock Report on PSNY
Polestar Automotive Holding UK Trading Up 9.0 %
NASDAQ PSNY opened at $0.69 on Friday. The stock has a 50-day simple moving average of $0.80 and a two-hundred day simple moving average of $1.27. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.61 and a fifty-two week high of $4.34.
About Polestar Automotive Holding UK
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
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