Performa Ltd US LLC Grows Stock Position in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Performa Ltd US LLC grew its position in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 23.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,520 shares of the company’s stock after purchasing an additional 15,752 shares during the period. Polestar Automotive Holding UK makes up about 0.0% of Performa Ltd US LLC’s investment portfolio, making the stock its 19th largest position. Performa Ltd US LLC’s holdings in Polestar Automotive Holding UK were worth $87,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. MetLife Investment Management LLC raised its position in shares of Polestar Automotive Holding UK by 134.4% in the 3rd quarter. MetLife Investment Management LLC now owns 15,390 shares of the company’s stock valued at $26,000 after purchasing an additional 8,823 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Polestar Automotive Holding UK in the fourth quarter worth $33,000. Bank of New York Mellon Corp acquired a new stake in Polestar Automotive Holding UK in the fourth quarter valued at $37,000. Tobam acquired a new stake in Polestar Automotive Holding UK in the fourth quarter valued at $65,000. Finally, Captrust Financial Advisors boosted its stake in Polestar Automotive Holding UK by 125.4% during the 3rd quarter. Captrust Financial Advisors now owns 46,615 shares of the company’s stock valued at $80,000 after acquiring an additional 25,930 shares during the last quarter. 1.02% of the stock is owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Stock Up 1.8 %

PSNY stock opened at $1.14 on Monday. The firm’s 50-day simple moving average is $1.10 and its 200 day simple moving average is $1.22. The stock has a market cap of $2.43 billion, a PE ratio of -2.00 and a beta of 1.49. Polestar Automotive Holding UK PLC has a fifty-two week low of $0.61 and a fifty-two week high of $1.94.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Polestar Automotive Holding UK in a research report on Friday, January 17th. Bank of America initiated coverage on Polestar Automotive Holding UK in a report on Thursday, December 5th. They set a “neutral” rating and a $1.25 target price on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Polestar Automotive Holding UK has an average rating of “Hold” and an average price target of $1.53.

Polestar Automotive Holding UK Profile

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