Fisker Inc. (NYSE:FSR – Get Free Report) has been assigned an average recommendation of “Reduce” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $2.76.
FSR has been the subject of a number of recent research reports. R. F. Lafferty reaffirmed a “hold” rating and issued a $2.00 target price (down from $3.00) on shares of Fisker in a research note on Friday, March 1st. Citigroup reaffirmed a “neutral” rating and issued a $0.80 target price (down from $4.00) on shares of Fisker in a research note on Friday, March 1st. Barclays cut their target price on Fisker from $4.00 to $1.00 and set an “underweight” rating for the company in a research note on Wednesday, January 24th. Finally, TD Cowen downgraded Fisker from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $11.00 to $1.00 in a research note on Wednesday, January 17th.
Get Our Latest Stock Report on Fisker
Fisker Trading Down 28.1 %
Fisker (NYSE:FSR – Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.19). Fisker had a negative net margin of 278.72% and a negative return on equity of 110.93%. The business had revenue of $200.07 million for the quarter, compared to analysts’ expectations of $332.66 million. Analysts anticipate that Fisker will post -0.43 earnings per share for the current year.
Institutional Trading of Fisker
A number of institutional investors have recently modified their holdings of FSR. Baader Bank Aktiengesellschaft purchased a new stake in shares of Fisker in the fourth quarter valued at $29,000. QCM Cayman Ltd. acquired a new stake in Fisker during the third quarter worth about $75,000. FNY Investment Advisers LLC acquired a new stake in Fisker during the fourth quarter worth about $76,000. Tower Research Capital LLC TRC increased its stake in Fisker by 233.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 43,514 shares of the company’s stock worth $76,000 after acquiring an additional 30,456 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new stake in Fisker during the third quarter worth about $82,000. 33.58% of the stock is currently owned by hedge funds and other institutional investors.
Fisker Company Profile
Fisker Inc develops, manufactures, markets, leases, or sells electric vehicles. It operates through three segments: The White Space, The Value Segment, and The Conservative Premium segments. The company is also involved in asset-light automotive business. In addition, it offers fisker flexible platform agnostic design, a process that develops and designs electric vehicles in specific segment size.
Further Reading
- Five stocks we like better than Fisker
- Conference Calls and Individual Investors
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Hilton Demonstrates Asset Light is Right for Investors
- How to Calculate Stock Profit
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Fisker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fisker and related companies with MarketBeat.com's FREE daily email newsletter.