TD Cowen Boosts Workhorse Group (NASDAQ:WKHS) Price Target to $1.25

Workhorse Group (NASDAQ:WKHS) had its target price raised by TD Cowen from $0.25 to $1.25 in a research report report published on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Workhorse Group Stock Up 14.4 %

Shares of NASDAQ:WKHS opened at $1.10 on Wednesday. The firm’s 50 day moving average price is $0.87 and its 200 day moving average price is $1.67. The stock has a market cap of $26.80 million, a price-to-earnings ratio of -0.14 and a beta of 2.55. Workhorse Group has a fifty-two week low of $0.57 and a fifty-two week high of $8.78.

Institutional Trading of Workhorse Group

Several hedge funds have recently added to or reduced their stakes in WKHS. Vanguard Group Inc. raised its holdings in Workhorse Group by 4.6% during the first quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock worth $2,422,000 after purchasing an additional 453,085 shares in the last quarter. Swedbank AB acquired a new stake in Workhorse Group during the first quarter worth approximately $303,000. Price T Rowe Associates Inc. MD raised its holdings in Workhorse Group by 83.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock worth $78,000 after purchasing an additional 149,960 shares in the last quarter. Geode Capital Management LLC raised its holdings in Workhorse Group by 76.9% during the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after purchasing an additional 123,150 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Workhorse Group during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

About Workhorse Group

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.