Research Analysts Set Expectations for Polestar Automotive Holding UK PLC’s FY2024 Earnings (NASDAQ:PSNY)

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) – Stock analysts at Cantor Fitzgerald lowered their FY2024 earnings per share (EPS) estimates for Polestar Automotive Holding UK in a research note issued to investors on Tuesday, May 7th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will post earnings per share of ($0.72) for the year, down from their prior estimate of ($0.70). Cantor Fitzgerald has a “Overweight” rating and a $5.00 price target on the stock. The consensus estimate for Polestar Automotive Holding UK’s current full-year earnings is ($0.62) per share.

PSNY has been the subject of several other research reports. Sanford C. Bernstein assumed coverage on shares of Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They set an “underperform” rating and a $1.15 price target for the company. Piper Sandler restated a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Polestar Automotive Holding UK in a report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.83.

Polestar Automotive Holding UK Stock Performance

Shares of NASDAQ:PSNY opened at $1.34 on Thursday. Polestar Automotive Holding UK has a 1 year low of $1.16 and a 1 year high of $4.96. The business has a fifty day moving average price of $1.52 and a two-hundred day moving average price of $1.86.

Institutional Trading of Polestar Automotive Holding UK

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Polestar Automotive Holding UK by 32.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,991 shares of the company’s stock valued at $47,000 after buying an additional 5,115 shares in the last quarter. Green Alpha Advisors LLC grew its stake in shares of Polestar Automotive Holding UK by 2.4% in the first quarter. Green Alpha Advisors LLC now owns 279,118 shares of the company’s stock worth $430,000 after acquiring an additional 6,528 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Polestar Automotive Holding UK by 36.5% during the fourth quarter. Raymond James & Associates now owns 29,532 shares of the company’s stock valued at $67,000 after acquiring an additional 7,900 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Polestar Automotive Holding UK by 18.7% during the third quarter. Rafferty Asset Management LLC now owns 62,999 shares of the company’s stock valued at $166,000 after acquiring an additional 9,942 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Polestar Automotive Holding UK in the 3rd quarter worth about $25,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

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.