Tidal Investments LLC Increases Stock Holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Tidal Investments LLC boosted its position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 78.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,741 shares of the company’s stock after acquiring an additional 205,890 shares during the period. Tidal Investments LLC’s holdings in Polestar Automotive Holding UK were worth $806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSNY. Tredje AP fonden purchased a new position in shares of Polestar Automotive Holding UK during the 2nd quarter valued at $3,091,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Polestar Automotive Holding UK during the second quarter valued at $1,321,000. Geode Capital Management LLC increased its stake in Polestar Automotive Holding UK by 444.0% in the 3rd quarter. Geode Capital Management LLC now owns 854,999 shares of the company’s stock worth $1,471,000 after acquiring an additional 697,820 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Polestar Automotive Holding UK in the 2nd quarter valued at about $407,000. Finally, Renaissance Technologies LLC bought a new stake in Polestar Automotive Holding UK during the second quarter valued at approximately $266,000. Institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Price Performance

PSNY opened at $1.00 on Friday. Polestar Automotive Holding UK PLC has a one year low of $0.61 and a one year high of $2.56. The business has a 50 day simple moving average of $1.15 and a two-hundred day simple moving average of $1.09. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of -1.75 and a beta of 1.53.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler reduced their target price on Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.00 target price on shares of Polestar Automotive Holding UK in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1.50 price target on shares of Polestar Automotive Holding UK in a research report on Tuesday, September 10th. Bank of America began coverage on Polestar Automotive Holding UK in a report on Thursday, December 5th. They issued a “neutral” rating and a $1.25 price objective on the stock. Finally, Sanford C. Bernstein increased their target price on Polestar Automotive Holding UK from $0.74 to $0.78 and gave the company an “underperform” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1.53.

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.