Monograph Wealth Advisors LLC Invests $2.29 Million in Proterra Inc. (NASDAQ:PTRA)

Monograph Wealth Advisors LLC bought a new position in Proterra Inc. (NASDAQ:PTRAGet Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 259,651 shares of the company’s stock, valued at approximately $2,293,000. Proterra comprises about 0.6% of Monograph Wealth Advisors LLC’s portfolio, making the stock its 21st largest position. Monograph Wealth Advisors LLC owned 0.12% of Proterra as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Proterra in the fourth quarter valued at approximately $288,000. Alps Advisors Inc. purchased a new position in Proterra in the 4th quarter worth approximately $15,888,000. Evoke Wealth LLC purchased a new stake in Proterra during the 4th quarter valued at $30,000. Fox Run Management L.L.C. bought a new position in shares of Proterra in the 4th quarter worth about $90,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Proterra by 29.1% during the 4th quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,161,719 shares of the company’s stock valued at $27,918,000 after buying an additional 713,519 shares during the period. 54.79% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Bank of America cut Proterra from a “buy” rating to an “underperform” rating and decreased their price target for the company from $12.25 to $5.00 in a research note on Friday. Citigroup reduced their price objective on shares of Proterra from $15.00 to $10.00 in a research report on Monday, January 24th. Morgan Stanley lowered their price objective on shares of Proterra from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 5th. Barclays dropped their price objective on shares of Proterra from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 10th. Finally, Zacks Investment Research raised Proterra from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, Proterra presently has a consensus rating of “Hold” and an average price target of $8.80.

NASDAQ:PTRA opened at $5.43 on Friday. Proterra Inc. has a 52-week low of $4.43 and a 52-week high of $20.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 8.40 and a current ratio of 9.37. The stock has a 50-day simple moving average of $6.81 and a two-hundred day simple moving average of $8.53. The firm has a market capitalization of $1.21 billion, a PE ratio of -0.98 and a beta of -0.82.

Proterra (NASDAQ:PTRAGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.27). The firm had revenue of $58.58 million for the quarter, compared to analyst estimates of $72.06 million. Proterra had a negative net margin of 100.20% and a negative return on equity of 17.39%. Equities analysts forecast that Proterra Inc. will post -0.65 earnings per share for the current fiscal year.

Proterra Company Profile (Get Rating)

Proterra Inc provides commercial vehicles in the United States, the European Union, Canada, Australia, and Japan. It operates through Proterra Powered and Energy and Proterra Transit business units. The Proterra Powered and Energy business unit designs, develops, manufactures, sells, and integrates battery systems and electrification solutions into vehicles for commercial vehicle OEM customers serving delivery trucks, school buses, coach buses, construction and mining equipment, and other applications.

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Institutional Ownership by Quarter for Proterra (NASDAQ:PTRA)

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