Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Receives Consensus Rating of “Hold” from Analysts

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $3.83.

Several brokerages have recently weighed in on PSNY. Piper Sandler reiterated a “neutral” rating and issued a $2.00 price target (down from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Sanford C. Bernstein began coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They issued an “underperform” rating and a $1.15 price target for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of Polestar Automotive Holding UK in a research report on Friday, April 12th.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Polestar Automotive Holding UK by 109.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 24,346 shares of the company’s stock valued at $64,000 after acquiring an additional 12,697 shares during the last quarter. TD Asset Management Inc bought a new stake in shares of Polestar Automotive Holding UK in the 3rd quarter valued at about $45,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Polestar Automotive Holding UK by 7.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 171,965 shares of the company’s stock valued at $454,000 after acquiring an additional 11,899 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Polestar Automotive Holding UK in the 3rd quarter valued at about $34,000. Finally, Pathstone Family Office LLC lifted its stake in shares of Polestar Automotive Holding UK by 87.8% in the 3rd quarter. Pathstone Family Office LLC now owns 84,510 shares of the company’s stock valued at $223,000 after acquiring an additional 39,510 shares during the last quarter. Institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Price Performance

NASDAQ:PSNY opened at $1.27 on Wednesday. Polestar Automotive Holding UK has a 1 year low of $1.24 and a 1 year high of $4.96. The business has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.97.

Polestar Automotive Holding UK Company Profile

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