FY2024 EPS Estimates for Polestar Automotive Holding UK PLC Reduced by Analyst (NASDAQ:PSNY)

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) – Investment analysts at Cantor Fitzgerald cut their FY2024 EPS estimates for Polestar Automotive Holding UK in a report issued on Tuesday, May 7th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will earn ($0.72) per share for the year, down from their previous estimate of ($0.70). Cantor Fitzgerald currently has a “Overweight” rating and a $5.00 target price on the stock. The consensus estimate for Polestar Automotive Holding UK’s current full-year earnings is ($0.62) per share.

PSNY has been the topic of several other research reports. Sanford C. Bernstein initiated coverage on shares of Polestar Automotive Holding UK in a report on Wednesday, January 24th. They issued an “underperform” rating and a $1.15 price target on the stock. Piper Sandler reissued a “neutral” rating and issued a $2.00 price target (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research note on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.83.

Polestar Automotive Holding UK Stock Up 1.5 %

Polestar Automotive Holding UK stock opened at $1.34 on Thursday. Polestar Automotive Holding UK has a fifty-two week low of $1.16 and a fifty-two week high of $4.96. The firm’s fifty day moving average price is $1.53 and its 200-day moving average price is $1.87.

Institutional Trading of Polestar Automotive Holding UK

A number of hedge funds have recently bought and sold shares of PSNY. DekaBank Deutsche Girozentrale bought a new stake in shares of Polestar Automotive Holding UK in the 3rd quarter worth approximately $25,000. Principal Street Partners LLC purchased a new stake in Polestar Automotive Holding UK during the fourth quarter valued at about $28,000. Avantax Advisory Services Inc. bought a new position in shares of Polestar Automotive Holding UK during the third quarter valued at about $34,000. Schechter Investment Advisors LLC purchased a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth about $35,000. Finally, TD Asset Management Inc bought a new stake in shares of Polestar Automotive Holding UK in the 3rd quarter valued at about $45,000. Institutional investors own 1.02% of the company’s stock.

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.