Polestar Automotive Holding UK’s (PSNY) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Polestar Automotive Holding UK (NASDAQ:PSNY) in a research report sent to investors on Friday, Benzinga reports. They currently have a $5.00 price target on the stock.

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

Polestar Automotive Holding UK Stock Down 9.3 %

Shares of Polestar Automotive Holding UK stock opened at $1.32 on Friday. Polestar Automotive Holding UK has a one year low of $1.24 and a one year high of $4.96. The business’s 50 day simple moving average is $1.64 and its two-hundred day simple moving average is $2.03.

Hedge Funds Weigh In On Polestar Automotive Holding UK

A number of institutional investors have recently bought and sold shares of PSNY. UBS Group AG bought a new position in shares of Polestar Automotive Holding UK in the 2nd quarter worth approximately $46,000. Citigroup Inc. bought a new position in Polestar Automotive Holding UK in the first quarter worth $59,000. BlackRock Inc. purchased a new position in Polestar Automotive Holding UK during the third quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Polestar Automotive Holding UK during the 2nd quarter valued at $75,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Polestar Automotive Holding UK during the 3rd quarter valued at $25,000. 1.02% of the stock is owned by institutional investors.

About Polestar Automotive Holding UK

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