Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Given Consensus Rating of “Hold” by Brokerages

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $3.83.

PSNY has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price objective on shares of Polestar Automotive Holding UK in a report on Friday, April 12th. Sanford C. Bernstein initiated coverage on shares of Polestar Automotive Holding UK in a report on Wednesday, January 24th. They issued an “underperform” rating and a $1.15 price objective for the company. Finally, Piper Sandler reiterated a “neutral” rating and issued a $2.00 price target (down from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th.

Polestar Automotive Holding UK Stock Down 5.2 %

PSNY stock opened at $1.27 on Wednesday. The company has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $1.97. Polestar Automotive Holding UK has a fifty-two week low of $1.24 and a fifty-two week high of $4.96.

Institutional Trading of Polestar Automotive Holding UK

Several institutional investors and hedge funds have recently bought and sold shares of PSNY. DekaBank Deutsche Girozentrale acquired a new stake in Polestar Automotive Holding UK during the 3rd quarter worth about $25,000. Principal Street Partners LLC acquired a new stake in Polestar Automotive Holding UK during the 4th quarter worth about $28,000. Avantax Advisory Services Inc. acquired a new position in shares of Polestar Automotive Holding UK in the 3rd quarter valued at about $34,000. Schechter Investment Advisors LLC acquired a new position in shares of Polestar Automotive Holding UK in the 4th quarter valued at about $35,000. Finally, TD Asset Management Inc acquired a new position in shares of Polestar Automotive Holding UK in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds 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.