Francesca Paola Leandr Gamboni Acquires 1,709 Shares of Polestar Automotive Holding UK (NASDAQ:PSNY) Stock

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Director Francesca Paola Leandr Gamboni purchased 1,709 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $17.56 per share, for a total transaction of $30,010.04. Following the completion of the transaction, the director directly owned 4,792 shares in the company, valued at approximately $84,147.52. The trade was a 55.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Polestar Automotive Holding UK Stock Performance

NASDAQ:PSNY opened at $20.44 on Friday. The firm’s 50-day moving average is $20.16 and its 200-day moving average is $51.94. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -1.05 and a beta of 1.32. Polestar Automotive Holding UK PLC has a 52-week low of $11.75 and a 52-week high of $42.60.

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

Wall Street Analysts Forecast Growth

A number of 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 research note on Saturday, April 25th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Polestar Automotive Holding UK has an average rating of “Sell”.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $555,000 after buying an additional 57,717 shares during the period. Focus Partners Wealth bought a new stake in Polestar Automotive Holding UK in the first quarter valued at $62,000. Russell Investments Group Ltd. grew its position in Polestar Automotive Holding UK by 45.0% in the second quarter. Russell Investments Group Ltd. now owns 47,970 shares of the company’s stock valued at $51,000 after acquiring an additional 14,877 shares during the period. Cresset Asset Management LLC raised its stake in Polestar Automotive Holding UK by 26.7% during the second quarter. Cresset Asset Management LLC now owns 83,504 shares of the company’s stock worth $89,000 after acquiring an additional 17,590 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Polestar Automotive Holding UK during the second quarter worth $326,000. 1.02% of the stock is currently owned by institutional investors.

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.