FNY Investment Advisers LLC Acquires Shares of 55,000 Hyzon Motors Inc (NASDAQ:HYZN)

FNY Investment Advisers LLC acquired a new stake in Hyzon Motors Inc (NASDAQ:HYZN) in the third quarter, HoldingsChannel.com reports. The fund acquired 55,000 shares of the company’s stock, valued at approximately $381,000.

Other hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in Hyzon Motors in the 2nd quarter valued at about $3,113,000. Wedbush Securities Inc. acquired a new stake in Hyzon Motors in the 3rd quarter valued at about $73,000. Finally, Marshall Wace North America L.P. acquired a new stake in Hyzon Motors in the 2nd quarter valued at about $2,375,000. Institutional investors own 79.41% of the company’s stock.

Shares of NASDAQ HYZN opened at $8.13 on Thursday. The business’s 50 day moving average price is $6.88. Hyzon Motors Inc has a 1 year low of $5.09 and a 1 year high of $19.95.

Hyzon Motors (NASDAQ:HYZN) last announced its quarterly earnings results on Friday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.06). The firm had revenue of $0.96 million for the quarter, compared to analyst estimates of $14.59 million. Research analysts forecast that Hyzon Motors Inc will post -0.02 earnings per share for the current fiscal year.

In related news, CEO Craig Matthew Knight bought 166,000 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was purchased at an average price of $8.22 per share, for a total transaction of $1,364,520.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

HYZN has been the subject of a number of recent research reports. Wedbush increased their price objective on shares of Hyzon Motors from $10.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, August 31st. JPMorgan Chase & Co. assumed coverage on shares of Hyzon Motors in a report on Thursday, September 9th. They set an “overweight” rating and a $18.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Hyzon Motors in a report on Tuesday, October 19th. They set a “neutral” rating and a $7.00 price target for the company.

Hyzon Motors Company Profile

Decarbonization Plus Acquisition Corporation has entered into a definitive merger agreement with Hyzon Motors Inc

See Also: Cyclical Stocks

Want to see what other hedge funds are holding HYZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyzon Motors Inc (NASDAQ:HYZN).

Institutional Ownership by Quarter for Hyzon Motors (NASDAQ:HYZN)

Receive News & Ratings for Hyzon Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyzon Motors and related companies with MarketBeat.com's FREE daily email newsletter.