Shares of Fisker Inc. (NYSE:FSR) have been assigned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $26.36.
FSR has been the topic of several research reports. Wolfe Research upgraded shares of Fisker from an “underperform” rating to a “peer perform” rating and increased their price target for the company from $21.00 to $30.00 in a research report on Tuesday, March 9th. Zacks Investment Research lowered shares of Fisker from a “hold” rating to a “sell” rating in a research report on Thursday, May 20th. Morgan Stanley increased their price target on shares of Fisker from $27.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 26th. Barclays initiated coverage on shares of Fisker in a research report on Thursday, April 1st. They issued an “equal weight” rating and a $17.00 price target on the stock. Finally, R. F. Lafferty initiated coverage on shares of Fisker in a research report on Wednesday, February 17th. They issued a “buy” rating and a $23.00 price target on the stock.
FSR traded down $1.07 on Thursday, hitting $17.60. 14,380,065 shares of the company were exchanged, compared to its average volume of 16,894,354. The business has a fifty day moving average price of $13.54. Fisker has a fifty-two week low of $8.70 and a fifty-two week high of $31.96. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of -44.00 and a beta of 0.95.
In related 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 shares were sold at an average price of $23.17, for a total transaction of $19,249,079.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 46.57% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. tru Independence LLC purchased a new position in Fisker during the fourth quarter worth approximately $14,655,000. NEXT Financial Group Inc purchased a new position in Fisker during the fourth quarter worth approximately $25,000. Arkadios Wealth Advisors raised its stake in Fisker by 892.5% during the first quarter. Arkadios Wealth Advisors now owns 1,985 shares of the company’s stock worth $34,000 after purchasing an additional 1,785 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Fisker during the fourth quarter worth approximately $29,000. Finally, Prospera Financial Services Inc raised its stake in Fisker by 13.3% during the first quarter. Prospera Financial Services Inc now owns 18,337 shares of the company’s stock worth $316,000 after purchasing an additional 2,158 shares during the period. 24.05% of the stock is currently owned by institutional investors.
Fisker Company Profile
Fisker, Inc focuses on design, development, manufacture, and sale of electric vehicles. The company was founded in 2016 and is headquartered in Manhattan Beach, California.
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