Captrust Financial Advisors Has $80,000 Holdings in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Captrust Financial Advisors grew its holdings in shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) by 125.4% during the third quarter, HoldingsChannel.com reports. The firm owned 46,615 shares of the company’s stock after acquiring an additional 25,930 shares during the quarter. Captrust Financial Advisors’ holdings in Polestar Automotive Holding UK were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PSNY. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Polestar Automotive Holding UK by 77.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 31,239 shares of the company’s stock worth $25,000 after purchasing an additional 13,624 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth approximately $26,000. MetLife Investment Management LLC grew its position in shares of Polestar Automotive Holding UK by 134.4% during the 3rd quarter. MetLife Investment Management LLC now owns 15,390 shares of the company’s stock worth $26,000 after purchasing an additional 8,823 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth approximately $32,000. Finally, Versor Investments LP acquired a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PSNY shares. Piper Sandler reduced their price target on shares of Polestar Automotive Holding UK from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Sanford C. Bernstein increased their price target on shares of Polestar Automotive Holding UK from $0.74 to $0.78 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Bank of America started coverage on shares of Polestar Automotive Holding UK in a research report on Thursday, December 5th. They set a “neutral” rating and a $1.25 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $1.50 price target on shares of Polestar Automotive Holding UK in a research report on Tuesday, September 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $3.00 price target on shares of Polestar Automotive Holding UK in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1.53.

Polestar Automotive Holding UK Price Performance

Shares of NASDAQ:PSNY opened at $0.97 on Tuesday. The company has a market cap of $2.06 billion, a price-to-earnings ratio of -1.70 and a beta of 1.53. The firm has a 50 day simple moving average of $1.20 and a 200 day simple moving average of $1.09. Polestar Automotive Holding UK PLC has a one year low of $0.61 and a one year high of $2.56.

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.