Wall Street Zen upgraded shares of REE Automotive (NASDAQ:REE – Free Report) from a sell rating to a hold rating in a report published on Saturday.
REE has been the topic of several other research reports. Roth Capital set a $1.00 price target on shares of REE Automotive in a research report on Friday, May 16th. HC Wainwright lowered shares of REE Automotive from a “buy” rating to a “neutral” rating in a research report on Friday, May 16th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of REE Automotive in a research report on Friday, May 16th.
Read Our Latest Stock Analysis on REE Automotive
REE Automotive Stock Performance
Institutional Trading of REE Automotive
A number of hedge funds have recently added to or reduced their stakes in REE. Goldman Sachs Group Inc. acquired a new stake in REE Automotive in the first quarter valued at approximately $48,000. XTX Topco Ltd acquired a new stake in REE Automotive in the first quarter valued at approximately $79,000. Patriot Financial Group Insurance Agency LLC boosted its position in REE Automotive by 110.6% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 38,083 shares of the company’s stock valued at $101,000 after buying an additional 20,000 shares in the last quarter. Fulton Breakefield Broenniman LLC boosted its position in REE Automotive by 41.4% in the first quarter. Fulton Breakefield Broenniman LLC now owns 73,162 shares of the company’s stock valued at $195,000 after buying an additional 21,424 shares in the last quarter. Finally, MYDA Advisors LLC acquired a new stake in REE Automotive in the fourth quarter valued at approximately $318,000. Institutional investors and hedge funds own 12.74% of the company’s stock.
About REE Automotive
REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform.
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