Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Receives $3.83 Average PT from Analysts

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

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

Hedge Funds Weigh In On Polestar Automotive Holding UK

Several large investors have recently added to or reduced their stakes in PSNY. DekaBank Deutsche Girozentrale bought a new position in Polestar Automotive Holding UK during the third quarter worth $25,000. Principal Street Partners LLC bought a new position in Polestar Automotive Holding UK during the fourth quarter worth $28,000. Avantax Advisory Services Inc. bought a new position in Polestar Automotive Holding UK during the third quarter worth $34,000. Schechter Investment Advisors LLC bought a new position in Polestar Automotive Holding UK during the fourth quarter worth $35,000. Finally, TD Asset Management Inc acquired a new stake in Polestar Automotive Holding UK in the third quarter worth $45,000. 1.02% of the stock is currently owned by institutional investors.

Polestar Automotive Holding UK Stock Performance

NASDAQ PSNY opened at $1.18 on Wednesday. Polestar Automotive Holding UK has a fifty-two week low of $1.16 and a fifty-two week high of $4.96. The business has a 50 day moving average price of $1.55 and a two-hundred day moving average price of $1.95.

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.