Volta Inc. (NYSE:VLTA) Receives $8.88 Average Price Target from Analysts

Shares of Volta Inc. (NYSE:VLTAGet Rating) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $8.88.

Several research analysts have issued reports on VLTA shares. Canaccord Genuity Group cut Volta from a “buy” rating to a “hold” rating and dropped their price target for the company from $10.00 to $3.00 in a report on Monday, March 28th. Canaccord Genuity Group cut Volta from a “buy” rating to a “hold” rating and dropped their price target for the company from $10.00 to $3.00 in a report on Monday, March 28th. The Goldman Sachs Group dropped their price target on Volta from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, March 28th. Raymond James dropped their price target on Volta from $12.50 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, April 5th. Finally, DA Davidson cut Volta from a “buy” rating to a “neutral” rating and dropped their price target for the company from $13.00 to $5.00 in a report on Monday, March 28th.

Large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Volta in the fourth quarter worth $29,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Volta in the fourth quarter worth $37,000. LPL Financial LLC increased its stake in shares of Volta by 66.8% in the fourth quarter. LPL Financial LLC now owns 19,087 shares of the company’s stock worth $140,000 after acquiring an additional 7,647 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Volta in the fourth quarter worth $59,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Volta by 75.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,578 shares of the company’s stock worth $143,000 after acquiring an additional 8,395 shares during the last quarter. 20.37% of the stock is currently owned by institutional investors.

VLTA opened at $2.79 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.93 and a current ratio of 2.96. Volta has a 1-year low of $2.70 and a 1-year high of $14.34. The business has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $4.43.

Volta (NYSE:VLTAGet Rating) last released its earnings results on Friday, April 15th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.61). Sell-side analysts anticipate that Volta will post -1.57 EPS for the current year.

Volta Company Profile (Get Rating)

Volta Inc operates a network of smart media-enabled charging stations for electric vehicles in the United States. As of June 30, 2021, it installed approximately 1,900 chargers across 26 territories and states. Volta Inc was founded in 2010 and is headquartered in San Francisco, California.

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Analyst Recommendations for Volta (NYSE:VLTA)

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