Volta (NYSE:VLTA) PT Lowered to $6.00 at Cantor Fitzgerald

Volta (NYSE:VLTAGet Rating) had its price objective lowered by stock analysts at Cantor Fitzgerald from $8.00 to $6.00 in a note issued to investors on Wednesday, The Fly reports. Cantor Fitzgerald’s target price would indicate a potential upside of 145.90% from the stock’s current price.

VLTA has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Volta from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Canaccord Genuity Group cut their target price on Volta from $3.00 to $2.50 and set a “hold” rating on the stock in a research report on Tuesday, April 19th. Raymond James dropped their price target on Volta from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 19th. Canaccord Genuity Group cut Volta from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.00 to $3.00 in a research note on Monday, March 28th. Finally, The Goldman Sachs Group lowered Volta from a “neutral” rating to a “sell” rating and dropped their target price for the company from $3.00 to $2.00 in a research report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.06.

Shares of VLTA stock opened at $2.44 on Wednesday. The business’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $3.87. The company has a quick ratio of 3.08, a current ratio of 3.11 and a debt-to-equity ratio of 0.09. Volta has a 12-month low of $1.65 and a 12-month high of $14.34.

Volta (NYSE:VLTAGet Rating) last announced its earnings results on Friday, May 13th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.11). As a group, research analysts forecast that Volta will post -0.65 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in VLTA. Pictet Asset Management SA increased its holdings in Volta by 413.0% in the fourth quarter. Pictet Asset Management SA now owns 5,823,045 shares of the company’s stock valued at $42,741,000 after buying an additional 4,687,941 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Volta by 70.0% during the 1st quarter. Vanguard Group Inc. now owns 4,900,675 shares of the company’s stock worth $14,946,000 after acquiring an additional 2,017,589 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Volta by 123.1% in the 4th quarter. Handelsbanken Fonder AB now owns 3,729,473 shares of the company’s stock valued at $27,374,000 after purchasing an additional 2,057,796 shares in the last quarter. Banque Pictet & Cie SA acquired a new position in Volta in the 1st quarter worth about $6,177,000. Finally, State Street Corp grew its holdings in Volta by 169.5% in the first quarter. State Street Corp now owns 1,249,331 shares of the company’s stock valued at $3,810,000 after purchasing an additional 785,788 shares during the period. 20.37% of the stock is currently owned by hedge funds and other institutional investors.

About Volta (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.

Further Reading

The Fly logo

Analyst Recommendations for Volta (NYSE:VLTA)

Receive News & Ratings for Volta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volta and related companies with MarketBeat.com's FREE daily email newsletter.