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Fisker Inc. (NYSE:FSR) has been given an average rating of “Buy” by the twelve brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.33.
FSR has been the topic of several research reports. Zacks Investment Research cut Fisker from a “hold” rating to a “sell” rating in a report on Tuesday, March 23rd. R. F. Lafferty assumed coverage on shares of Fisker in a research report on Wednesday, February 17th. They issued a “buy” rating and a $23.00 price target for the company. Barclays assumed coverage on Fisker in a research note on Thursday, April 1st. They set an “equal weight” rating and a $17.00 target price on the stock. Cowen increased their target price on shares of Fisker from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, February 26th. Finally, Morgan Stanley upped their price target on Fisker from $27.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, March 4th.
In other Fisker news, major shareholder Energy Acquisition Spo Spartan sold 830,776 shares of the firm’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $23.17, for a total value of $19,249,079.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 24.95% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Fisker in the 4th quarter valued at $89,764,000. Prentice Capital Management LP bought a new position in shares of Fisker in the fourth quarter valued at approximately $34,092,000. Alliancebernstein L.P. acquired a new position in shares of Fisker in the 4th quarter worth approximately $24,137,000. Phoenix Holdings Ltd. bought a new stake in Fisker during the 4th quarter worth approximately $16,090,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Fisker during the 4th quarter valued at $16,115,000.
FSR stock opened at $14.64 on Wednesday. The stock’s 50 day moving average is $19.94. Fisker has a twelve month low of $8.70 and a twelve month high of $31.96.
Fisker (NYSE:FSR) last released its earnings results on Thursday, February 25th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03.
Fisker Company Profile
Fisker, Inc designs and manufactures electric vehicles and mobility solutions. The company is headquartered in Manhattan Beach, California.
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7 Stocks That Cathie Wood is Buying And You Should Too
If you’re an investor that likes to go with the “hot hand,” then they don’t get much hotter than Cathie Wood. The founder and CEO of ARK Investment Management delivered returns of over 100% in all five of her firm’s exchange-traded funds (ETFs) in 2020.
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In this special presentation, we’re giving you just seven of the stocks that Cathie Wood is buying or has bought recently. We’ve attempted to pick out at least one stock from each of the ARK ETFs. As with any investment decision, it’s important that you perform your own research before making a decision.
View the “7 Stocks That Cathie Wood is Buying And You Should Too”.
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