Polestar Automotive Holding UK (NASDAQ:PSNY) Director Quan (Joe) Zhang Purchases 1,700 Shares of Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Quan (Joe) Zhang acquired 1,700 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average price of $17.70 per share, with a total value of $30,090.00. Following the completion of the purchase, the director directly owned 3,300 shares of the company’s stock, valued at approximately $58,410. This trade represents a 106.25% increase in their position. The purchase 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 up $0.11 during mid-day trading on Thursday, hitting $20.44. The stock had a trading volume of 136,009 shares, compared to its average volume of 181,236. The company has a 50 day moving average of $20.07 and a two-hundred day moving average of $55.05. Polestar Automotive Holding UK PLC has a twelve month low of $11.75 and a twelve month high of $42.60. The firm has a market cap of $1.91 billion, a PE ratio of -1.05 and a beta of 1.32.

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 business had revenue of $817.75 million during the quarter. Equities research analysts predict that Polestar Automotive Holding UK PLC will post -8.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PSNY. Wall Street Zen upgraded shares of Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. 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. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PSNY. EverSource Wealth Advisors LLC increased its position in 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 last quarter. California State Teachers Retirement System boosted its holdings in Polestar Automotive Holding UK by 184.5% in the 1st quarter. California State Teachers Retirement System now owns 46,546 shares of the company’s stock valued at $857,000 after purchasing an additional 30,185 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Polestar Automotive Holding UK by 171.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,966 shares of the company’s stock valued at $184,000 after buying an additional 6,300 shares during the period. Swiss National Bank increased its holdings in shares of Polestar Automotive Holding UK by 195.4% during the 1st quarter. Swiss National Bank now owns 88,893 shares of the company’s stock worth $1,637,000 after buying an additional 58,800 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Polestar Automotive Holding UK by 74.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,465 shares of the company’s stock worth $138,000 after buying an additional 3,194 shares during the last quarter. 1.02% of the stock is owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Company Profile

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.