Polestar Automotive Holding UK (NASDAQ:PSNY) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a report issued on Tuesday morning, Marketbeat reports. They currently have a $1.50 price objective on the stock.

Several other brokerages have also recently weighed in on PSNY. Citigroup decreased their price target on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a neutral rating on the stock in a research note on Thursday, May 16th. Sanford C. Bernstein upped their target price on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the company an underperform rating in a research report on Friday, August 30th. Piper Sandler dropped their price target on Polestar Automotive Holding UK from $2.00 to $1.50 and set a neutral rating for the company in a research report on Wednesday, September 4th. Cantor Fitzgerald restated an overweight rating and set a $3.00 price objective on shares of Polestar Automotive Holding UK in a research report on Monday. Finally, Barclays lowered their price objective on Polestar Automotive Holding UK from $2.00 to $1.00 and set an underweight rating for the company in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Polestar Automotive Holding UK presently has a consensus rating of Hold and a consensus price target of $1.58.

Polestar Automotive Holding UK Stock Performance

Shares of Polestar Automotive Holding UK stock opened at $1.58 on Tuesday. Polestar Automotive Holding UK has a twelve month low of $0.61 and a twelve month high of $2.97. The business has a 50-day moving average price of $0.92 and a 200-day moving average price of $1.13.

Polestar Automotive Holding UK (NASDAQ:PSNY) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The business had revenue of $534.12 million during the quarter. Sell-side analysts expect that Polestar Automotive Holding UK will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Polestar Automotive Holding UK by 136.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,344 shares of the company’s stock worth $55,000 after acquiring an additional 14,048 shares during the last quarter. Bard Financial Services Inc. boosted its stake in shares of Polestar Automotive Holding UK by 57.1% during the fourth quarter. Bard Financial Services Inc. now owns 27,500 shares of the company’s stock valued at $62,000 after purchasing an additional 10,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Polestar Automotive Holding UK by 77.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company’s stock worth $25,000 after purchasing an additional 13,624 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Polestar Automotive Holding UK in the 2nd quarter worth about $26,000. Finally, SG Americas Securities LLC bought a new stake in Polestar Automotive Holding UK during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

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.