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

Polestar Automotive Holding UK PLC (NASDAQ:PSNYGet Free Report) Director Quan (Joe) Zhang acquired 1,700 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $17.70 per share, for a total transaction of $30,090.00. Following the completion of the transaction, the director owned 3,300 shares in the company, valued at approximately $58,410. This represents a 106.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Polestar Automotive Holding UK Price Performance

PSNY opened at $20.44 on Friday. The stock has a fifty day moving average of $20.16 and a 200-day moving average of $51.94. The firm has a market capitalization of $1.91 billion, a P/E ratio of -1.05 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:PSNYGet Free Report) last issued its earnings results on Friday, April 17th. The company reported ($12.47) EPS for the quarter. The firm had revenue of $817.75 million during the quarter. On average, analysts expect that Polestar Automotive Holding UK PLC will post -8.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Institutional investors and hedge funds have recently modified their holdings of the stock. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Polestar Automotive Holding UK in the fourth quarter worth $160,160,000. UBS Group AG boosted its position in Polestar Automotive Holding UK by 22.6% during the third quarter. UBS Group AG now owns 2,409,258 shares of the company’s stock valued at $2,265,000 after purchasing an additional 443,359 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Polestar Automotive Holding UK by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company’s stock valued at $555,000 after purchasing an additional 57,717 shares during the last quarter. California State Teachers Retirement System grew 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 purchasing an additional 72,023 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Polestar Automotive Holding UK in the second quarter valued at about $326,000. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PSNY shares. Weiss Ratings upgraded Polestar Automotive Holding UK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Polestar Automotive Holding UK from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Polestar Automotive Holding UK has a consensus rating of “Sell”.

View Our Latest Stock Report on PSNY

Polestar Automotive Holding UK Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Polestar Automotive Holding UK (NASDAQ:PSNY)

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