Private Advisor Group LLC Has $141,000 Stock Holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Private Advisor Group LLC raised its stake in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNYFree Report) by 159.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,550 shares of the company’s stock after buying an additional 38,450 shares during the period. Private Advisor Group LLC’s holdings in Polestar Automotive Holding UK were worth $141,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. grew its position in Polestar Automotive Holding UK by 10.7% in the third quarter. Invesco Ltd. now owns 2,833,547 shares of the company’s stock worth $7,481,000 after acquiring an additional 273,479 shares in the last quarter. Rafferty Asset Management LLC increased its position in 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 worth $166,000 after buying an additional 9,942 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Polestar Automotive Holding UK by 24.5% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 574,550 shares of the company’s stock worth $1,517,000 after buying an additional 112,900 shares during the last quarter. Schechter Investment Advisors LLC bought a new position in Polestar Automotive Holding UK during the fourth quarter valued at about $35,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Polestar Automotive Holding UK in the third quarter worth about $34,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

Polestar Automotive Holding UK Price Performance

PSNY opened at $0.78 on Monday. Polestar Automotive Holding UK PLC has a 1-year low of $0.74 and a 1-year high of $4.96. The business has a 50 day moving average of $1.37 and a 200-day moving average of $1.78.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PSNY shares. Piper Sandler reissued a “neutral” rating and issued a $2.00 price objective (down from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 price objective on shares of Polestar Automotive Holding UK in a research note on Friday, April 12th. Finally, Citigroup dropped their target price on shares of Polestar Automotive Holding UK from $2.50 to $1.70 and set a “neutral” rating on the stock in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Polestar Automotive Holding UK has an average rating of “Hold” and an average target price of $3.48.

View Our Latest Stock Analysis on PSNY

Polestar Automotive Holding UK Profile

(Free Report)

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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Institutional Ownership by Quarter for Polestar Automotive Holding UK (NASDAQ:PSNY)

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