TD Cowen Boosts Workhorse Group (NASDAQ:WKHS) Price Target to $1.25

Workhorse Group (NASDAQ:WKHS) had its target price raised by TD Cowen from $0.25 to $1.25 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Workhorse Group Trading Up 14.4 %

Shares of WKHS opened at $1.10 on Wednesday. The firm has a market capitalization of $26.80 million, a P/E ratio of -0.14 and a beta of 2.55. The firm has a 50-day moving average price of $0.87 and a 200 day moving average price of $1.67. Workhorse Group has a 12-month low of $0.57 and a 12-month high of $8.78.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Swedbank AB purchased a new position in shares of Workhorse Group in the first quarter valued at approximately $303,000. Vanguard Group Inc. boosted its stake in shares of Workhorse Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock valued at $2,422,000 after purchasing an additional 453,085 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Workhorse Group by 83.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock valued at $78,000 after purchasing an additional 149,960 shares during the period. Geode Capital Management LLC boosted its stake in shares of Workhorse Group by 76.9% in the third quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock valued at $246,000 after purchasing an additional 123,150 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Workhorse Group in the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About Workhorse Group

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.