Cynthia Dubin Purchases 1,275 Shares of Polestar Automotive Holding UK (NASDAQ:PSNY) Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Cynthia Dubin acquired 1,275 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were bought at an average cost of $20.72 per share, with a total value of $26,418.00. Following the completion of the acquisition, the director owned 3,195 shares of the company’s stock, valued at approximately $66,200.40. This trade represents a 66.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Polestar Automotive Holding UK Price Performance

Shares of Polestar Automotive Holding UK stock opened at $19.23 on Wednesday. The firm has a 50 day simple moving average of $20.24 and a 200 day simple moving average of $44.41. Polestar Automotive Holding UK PLC has a fifty-two week low of $11.75 and a fifty-two week high of $42.60. The firm has a market cap of $1.79 billion, a P/E ratio of -0.99 and a beta of 1.32.

Polestar Automotive Holding UK (NASDAQ:PSNY) last posted its quarterly earnings results on Friday, April 17th. The company reported ($12.47) earnings per share for the quarter. The firm had revenue of $817.75 million during the quarter. On average, sell-side analysts expect that Polestar Automotive Holding UK PLC will post -8.08 EPS for the current year.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Polestar Automotive Holding UK during the 4th quarter worth approximately $160,160,000. UBS Group AG increased its stake in shares of Polestar Automotive Holding UK by 22.6% in the 3rd quarter. UBS Group AG now owns 2,409,258 shares of the company’s stock valued at $2,265,000 after purchasing an additional 443,359 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Polestar Automotive Holding UK by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company’s stock valued at $555,000 after purchasing an additional 57,717 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Polestar Automotive Holding UK by 18.6% during the 2nd quarter. California State Teachers Retirement System now owns 458,629 shares of the company’s stock worth $491,000 after buying an additional 72,023 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth $326,000. 1.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.