Polestar Automotive Holding UK (NASDAQ:PSNY) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Polestar Automotive Holding UK (NASDAQ:PSNYGet Rating) in a note issued to investors on Monday, The Fly reports. The brokerage set a “hold” rating and a $10.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 11.98% from the company’s current price.

Polestar Automotive Holding UK Trading Up 0.3 %

Shares of PSNY stock opened at $8.93 on Monday. The business’s 50 day moving average is $9.47 and its two-hundred day moving average is $10.39. Polestar Automotive Holding UK has a twelve month low of $8.53 and a twelve month high of $16.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisor Networks LLC grew its stake in shares of Polestar Automotive Holding UK by 5.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 40,880 shares of the company’s stock valued at $465,000 after purchasing an additional 2,280 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Polestar Automotive Holding UK in the 1st quarter valued at approximately $59,000. Advisor Group Holdings Inc. lifted its holdings in shares of Polestar Automotive Holding UK by 41.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 27,270 shares of the company’s stock valued at $311,000 after buying an additional 7,964 shares during the period. Fortis Advisors LLC acquired a new stake in shares of Polestar Automotive Holding UK in the 1st quarter valued at approximately $114,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Polestar Automotive Holding UK in the 2nd quarter valued at approximately $92,000. 29.16% of the stock is currently owned by hedge funds and other institutional investors.

About Polestar Automotive Holding UK

(Get Rating)

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.

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