Polestar Automotive Holding UK (NASDAQ:PSNY) Director Buys $26,418.00 in Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Cynthia Dubin acquired 1,275 shares of Polestar Automotive Holding UK stock in a transaction on Thursday, July 2nd. The shares were purchased at an average price of $20.72 per share, for a total transaction of $26,418.00. Following the completion of the acquisition, the director directly owned 3,195 shares in the company, valued at $66,200.40. This trade represents a 66.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Polestar Automotive Holding UK Trading Down 1.6%

Shares of Polestar Automotive Holding UK stock opened at $18.92 on Thursday. The stock’s fifty day moving average price is $20.27 and its 200-day moving average price is $42.00. The firm has a market cap of $1.77 billion, a P/E ratio of -0.97 and a beta of 1.32. Polestar Automotive Holding UK PLC has a 12 month low of $11.75 and a 12 month high of $42.60.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Polestar Automotive Holding UK

Large investors have recently made changes to their positions in the business. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of Polestar Automotive Holding UK in the 4th quarter worth $160,160,000. UBS Group AG increased its position in Polestar Automotive Holding UK by 22.6% during the 3rd quarter. UBS Group AG now owns 2,409,258 shares of the company’s stock valued at $2,265,000 after buying an additional 443,359 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Polestar Automotive Holding UK by 12.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company’s stock valued at $555,000 after buying an additional 57,717 shares in the last quarter. California State Teachers Retirement System raised its stake in Polestar Automotive Holding UK by 18.6% in the second quarter. California State Teachers Retirement System now owns 458,629 shares of the company’s stock valued at $491,000 after buying an additional 72,023 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Polestar Automotive Holding UK in the second quarter valued at about $326,000. 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.