Raymond James Financial Inc. Invests $33,000 in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)

Raymond James Financial Inc. acquired a new stake in Polestar Automotive Holding UK PLC (NASDAQ:PSNY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,714 shares of the company’s stock, valued at approximately $33,000.

Several other large investors have also bought and sold shares of PSNY. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Polestar Automotive Holding UK during the 4th quarter valued at approximately $504,000. Tobam purchased a new position in shares of Polestar Automotive Holding UK in the 4th quarter worth approximately $65,000. Handelsbanken Fonder AB bought a new position in Polestar Automotive Holding UK during the fourth quarter valued at about $115,000. Bank of New York Mellon Corp purchased a new position in Polestar Automotive Holding UK in the fourth quarter valued at approximately $37,000. Finally, Swiss National Bank bought a new position in shares of Polestar Automotive Holding UK during the 4th quarter worth $855,000. 1.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Polestar Automotive Holding UK in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $1.53.

Polestar Automotive Holding UK Stock Performance

Shares of PSNY stock opened at $1.15 on Thursday. The firm has a market capitalization of $2.46 billion, a PE ratio of -2.02 and a beta of 1.43. Polestar Automotive Holding UK PLC has a 52-week low of $0.61 and a 52-week high of $1.94. The stock has a fifty day simple moving average of $1.05 and a two-hundred day simple moving average of $1.09.

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.