Workhorse Group (NASDAQ:WKHS) Rating Reiterated by R. F. Lafferty

Workhorse Group (NASDAQ:WKHS)‘s stock had its “hold” rating reissued by stock analysts at R. F. Lafferty in a report issued on Wednesday, Benzinga reports. They presently have a $1.00 target price on the stock. R. F. Lafferty’s price target indicates a potential upside of 162.81% from the stock’s current price.

A number of other analysts have also commented on the company. BTIG Research reissued a “neutral” rating on shares of Workhorse Group in a research note on Wednesday. B. Riley cut their price target on Workhorse Group from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, July 20th.

Workhorse Group Trading Down 7.2 %

Shares of WKHS stock opened at $0.38 on Wednesday. The business’s 50-day moving average price is $0.45 and its 200-day moving average price is $0.78. Workhorse Group has a 12 month low of $0.36 and a 12 month high of $2.60. The firm has a market capitalization of $80.21 million, a price-to-earnings ratio of -0.52 and a beta of 2.96.

Hedge Funds Weigh In On Workhorse Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in shares of Workhorse Group in the first quarter worth approximately $65,000. Private Advisor Group LLC acquired a new position in shares of Workhorse Group in the first quarter worth approximately $71,000. Tower Research Capital LLC TRC increased its holdings in Workhorse Group by 164.4% in the third quarter. Tower Research Capital LLC TRC now owns 21,205 shares of the company’s stock worth $61,000 after purchasing an additional 13,185 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Workhorse Group by 58.6% in the second quarter. Principal Financial Group Inc. now owns 21,740 shares of the company’s stock worth $57,000 after purchasing an additional 8,034 shares in the last quarter. Finally, Creative Planning increased its holdings in Workhorse Group by 60.4% in the second quarter. Creative Planning now owns 21,901 shares of the company’s stock worth $57,000 after purchasing an additional 8,250 shares in the last quarter. 25.10% of the stock is owned by institutional investors and hedge funds.

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 electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, as well as designs and manufactures drone systems.