Stellantis (NYSE:STLA) Shares Gap Up – Here’s What Happened

Stellantis N.V. (NYSE:STLA) gapped up prior to trading on Friday . The stock had previously closed at $9.23, but opened at $9.62. Stellantis shares last traded at $9.6950, with a volume of 4,019,162 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STLA. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a report on Monday, October 13th. BNP Paribas Exane initiated coverage on shares of Stellantis in a research report on Monday, September 8th. They set a “neutral” rating and a $10.10 target price on the stock. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 target price on the stock in a report on Friday, September 19th. Finally, Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Stellantis currently has an average rating of “Hold” and an average price target of $12.04.

Stellantis Trading Up 7.3%

The stock has a 50 day moving average of $10.19 and a two-hundred day moving average of $9.92. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The firm had revenue of $87.44 billion for the quarter, compared to analyst estimates of $87.94 billion. On average, equities analysts anticipate that Stellantis N.V. will post 2.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stellantis

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Avity Investment Management Inc. purchased a new stake in shares of Stellantis in the third quarter valued at $128,000. Armistice Capital LLC acquired a new position in Stellantis during the third quarter worth approximately $121,000. Woodline Partners LP purchased a new position in shares of Stellantis in the 3rd quarter worth $9,763,000. XTX Topco Ltd acquired a new position in shares of Stellantis in the 3rd quarter valued at about $6,020,000. Finally, Susquehanna Advisors Group Inc. acquired a new stake in shares of Stellantis in the third quarter worth $16,176,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.