Raymond James Financial Services Advisors Inc. Increases Holdings in Fisker Inc. (NYSE:FSR)

Raymond James Financial Services Advisors Inc. lifted its position in Fisker Inc. (NYSE:FSRGet Rating) by 9.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 245,484 shares of the company’s stock after purchasing an additional 20,209 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.08% of Fisker worth $1,853,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Burleson & Company LLC lifted its holdings in Fisker by 40.2% during the second quarter. Burleson & Company LLC now owns 4,312 shares of the company’s stock worth $37,000 after buying an additional 1,236 shares during the period. Ronald Blue Trust Inc. purchased a new stake in Fisker during the second quarter worth $42,000. Captrust Financial Advisors lifted its holdings in Fisker by 34.3% during the first quarter. Captrust Financial Advisors now owns 4,390 shares of the company’s stock worth $57,000 after buying an additional 1,121 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Fisker during the first quarter worth $59,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Fisker during the second quarter worth $68,000. Hedge funds and other institutional investors own 28.95% of the company’s stock.

Insider Activity at Fisker

In other Fisker news, CEO Henrik Fisker acquired 33,700 shares of the business’s stock in a transaction on Monday, December 5th. The stock was bought at an average price of $7.42 per share, for a total transaction of $250,054.00. Following the acquisition, the chief executive officer now owns 629,218 shares in the company, valued at $4,668,797.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have purchased 35,505 shares of company stock valued at $263,208. 45.75% of the stock is owned by corporate insiders.

Fisker Price Performance

NYSE:FSR opened at $7.35 on Wednesday. Fisker Inc. has a one year low of $6.41 and a one year high of $14.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 6.99 and a current ratio of 6.99. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -4.25 and a beta of 1.10. The firm’s fifty day moving average is $7.41 and its two-hundred day moving average is $8.16.

Fisker (NYSE:FSRGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.04). Fisker had a negative net margin of 669,901.25% and a negative return on equity of 75.88%. The business had revenue of $0.01 million during the quarter. Research analysts expect that Fisker Inc. will post -1.64 EPS for the current year.

Analysts Set New Price Targets

FSR has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on Fisker in a research report on Tuesday, November 29th. They set an “outperform” rating and a $15.00 price target on the stock. Needham & Company LLC reduced their price target on Fisker from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. Morgan Stanley reduced their price target on Fisker from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 15th. Finally, Royal Bank of Canada downgraded Fisker from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $13.00 to $8.00 in a research report on Thursday, November 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.92.

Fisker Profile

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Fisker Inc develops, manufactures, markets, leases, or sale of electric vehicles. The company is also involved in asset-light automotive business. It operates through The White Space, The Value Segment, and The Conservative Premium segments. In addition, the company offers fisker flexible platform agnostic design ,a process that develops and designs electric vehicles in specific segment size.

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Institutional Ownership by Quarter for Fisker (NYSE:FSR)

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