Van ECK Associates Corp trimmed its holdings in shares of Fisker Inc. (NYSE:FSR – Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,138 shares of the company’s stock after selling 2,135 shares during the period. Van ECK Associates Corp’s holdings in Fisker were worth $351,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of FSR. HighTower Advisors LLC grew its position in shares of Fisker by 4.4% during the 1st quarter. HighTower Advisors LLC now owns 50,610 shares of the company’s stock valued at $649,000 after buying an additional 2,134 shares during the last quarter. Cetera Advisor Networks LLC raised its position in shares of Fisker by 13.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 12,693 shares of the company’s stock worth $164,000 after purchasing an additional 1,464 shares during the period. Private Advisor Group LLC bought a new stake in shares of Fisker in the 1st quarter worth approximately $133,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Fisker by 164.9% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 42,742 shares of the company’s stock valued at $551,000 after purchasing an additional 26,604 shares during the period. Finally, MetLife Investment Management LLC grew its stake in Fisker by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 92,391 shares of the company’s stock worth $1,192,000 after buying an additional 34,099 shares during the last quarter. 31.47% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on FSR. Wolfe Research lowered shares of Fisker from a “peer perform” rating to an “underperform” rating and set a $6.00 target price for the company. in a research note on Thursday, June 8th. TD Cowen reduced their price objective on Fisker from $19.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, July 17th. Finally, R. F. Lafferty cut their target price on Fisker from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.11.
Fisker Trading Up 1.8 %
NYSE:FSR opened at $5.96 on Tuesday. The company has a 50-day moving average of $6.00 and a 200-day moving average of $6.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.03 and a current ratio of 2.03. Fisker Inc. has a twelve month low of $4.26 and a twelve month high of $10.95.
Fisker (NYSE:FSR – Get Free Report) last posted its quarterly earnings results on Friday, August 4th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.06. Fisker had a negative net margin of 39,127.70% and a negative return on equity of 105.37%. The firm had revenue of $0.83 million for the quarter, compared to analyst estimates of $20.40 million. During the same quarter in the previous year, the business posted ($0.36) earnings per share. Equities analysts expect that Fisker Inc. will post -1.13 earnings per share for the current year.
About Fisker
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.
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