Equities research analysts at Benchmark assumed coverage on shares of Canoo (NASDAQ:GOEV – Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating on the stock.
Other equities analysts also recently issued reports about the company. Stifel Nicolaus cut their target price on Canoo from $34.50 to $17.25 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Wedbush initiated coverage on Canoo in a research report on Friday, January 5th. They issued an “outperform” rating and a $92.00 target price on the stock. Finally, Alliance Global Partners reduced their target price on shares of Canoo from $20.00 to $18.50 and set a “buy” rating for the company in a report on Friday, March 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Canoo presently has a consensus rating of “Buy” and an average price target of $49.19.
Get Our Latest Analysis on Canoo
Canoo Price Performance
Institutional Investors Weigh In On Canoo
Several hedge funds have recently bought and sold shares of GOEV. EP Wealth Advisors LLC raised its position in shares of Canoo by 269.3% in the fourth quarter. EP Wealth Advisors LLC now owns 1,000,000 shares of the company’s stock worth $257,000 after acquiring an additional 729,236 shares during the period. Swiss National Bank raised its holdings in Canoo by 20.5% in the 3rd quarter. Swiss National Bank now owns 935,200 shares of the company’s stock worth $458,000 after purchasing an additional 159,400 shares during the period. Kestra Advisory Services LLC purchased a new position in Canoo during the third quarter worth approximately $72,000. Kestra Private Wealth Services LLC grew its holdings in Canoo by 36.9% in the third quarter. Kestra Private Wealth Services LLC now owns 174,300 shares of the company’s stock valued at $85,000 after purchasing an additional 47,000 shares during the period. Finally, Arete Wealth Advisors LLC increased its position in shares of Canoo by 114.5% in the third quarter. Arete Wealth Advisors LLC now owns 77,000 shares of the company’s stock valued at $38,000 after buying an additional 41,100 shares in the last quarter. Hedge funds and other institutional investors own 36.23% of the company’s stock.
About Canoo
Canoo Inc, a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an EV.
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