Cynthia Dubin Acquires 1,275 Shares of Polestar Automotive Holding UK (NASDAQ:PSNY) Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Cynthia Dubin acquired 1,275 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was purchased at an average cost of $20.72 per share, with a total value of $26,418.00. Following the completion of the transaction, the director owned 3,195 shares in the company, valued at $66,200.40. The trade was a 66.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Polestar Automotive Holding UK Stock Performance

Shares of NASDAQ PSNY traded down $0.08 during midday trading on Monday, reaching $20.36. 71,683 shares of the company’s stock were exchanged, compared to its average volume of 180,367. Polestar Automotive Holding UK PLC has a 52-week low of $11.75 and a 52-week high of $42.60. The stock has a market capitalization of $1.90 billion, a PE ratio of -1.04 and a beta of 1.32. The business’s fifty day moving average price is $20.16 and its two-hundred day moving average price is $49.47.

Polestar Automotive Holding UK (NASDAQ:PSNY) last issued its quarterly earnings results on Friday, April 17th. The company reported ($12.47) EPS for the quarter. The company had revenue of $817.75 million during the quarter. Analysts predict that Polestar Automotive Holding UK PLC will post -8.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Institutional investors have recently made changes to their positions in the company. Rathbones Group PLC lifted its stake in Polestar Automotive Holding UK by 79.1% during the third quarter. Rathbones Group PLC now owns 45,285 shares of the company’s stock worth $43,000 after purchasing an additional 20,000 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Polestar Automotive Holding UK by 28,277.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,554 shares of the company’s stock worth $47,000 after purchasing an additional 2,545 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Polestar Automotive Holding UK by 45.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 47,970 shares of the company’s stock worth $51,000 after buying an additional 14,877 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Polestar Automotive Holding UK in the 1st quarter valued at about $62,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Polestar Automotive Holding UK by 43.2% in the 2nd quarter. Captrust Financial Advisors now owns 58,700 shares of the company’s stock valued at $63,000 after buying an additional 17,700 shares during the period. 1.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PSNY has been the subject of several recent analyst reports. Weiss Ratings raised shares of Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.