Fisker Inc. (NYSE:FSR) Position Increased by Headlands Technologies LLC

Headlands Technologies LLC raised its holdings in shares of Fisker Inc. (NYSE:FSR) by 551.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,958 shares of the company’s stock after buying an additional 125,257 shares during the period. Headlands Technologies LLC’s holdings in Fisker were worth $259,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FSR. QCM Cayman Ltd. bought a new stake in Fisker during the third quarter worth approximately $75,000. FNY Investment Advisers LLC bought a new stake in Fisker during the fourth quarter worth approximately $76,000. Pathstone Family Office LLC bought a new stake in Fisker during the third quarter worth approximately $82,000. Handelsbanken Fonder AB boosted its holdings in Fisker by 37.6% during the fourth quarter. Handelsbanken Fonder AB now owns 47,600 shares of the company’s stock worth $83,000 after buying an additional 13,000 shares in the last quarter. Finally, Vahanian & Associates Financial Planning Inc. boosted its holdings in Fisker by 277.7% during the fourth quarter. Vahanian & Associates Financial Planning Inc. now owns 55,425 shares of the company’s stock worth $97,000 after buying an additional 40,750 shares in the last quarter. 33.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FSR shares. R. F. Lafferty restated a “hold” rating and issued a $2.00 price target (down previously from $3.00) on shares of Fisker in a research report on Friday, March 1st. TD Cowen downgraded shares of Fisker from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $11.00 to $1.00 in a research report on Wednesday, January 17th. Barclays reduced their price target on shares of Fisker from $4.00 to $1.00 and set an “underweight” rating for the company in a research report on Wednesday, January 24th. Finally, Citigroup restated a “neutral” rating and issued a $0.80 price target (down previously from $4.00) on shares of Fisker in a research report on Friday, March 1st. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Fisker currently has an average rating of “Hold” and an average target price of $2.76.

Fisker Stock Down 28.1 %

FSR stock opened at $0.09 on Friday. Fisker Inc. has a 12-month low of $0.09 and a 12-month high of $7.22. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 3.28. The company has a market cap of $31.44 million, a price-to-earnings ratio of -0.04 and a beta of 0.71. The company has a 50 day moving average of $0.25 and a two-hundred day moving average of $1.60.

Fisker (NYSE:FSR) last released 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 return on equity of 110.93% and a negative net margin of 278.72%. The company had revenue of $200.07 million during the quarter, compared to analysts’ expectations of $332.66 million. On average, equities analysts anticipate that Fisker Inc. will post -0.43 earnings per share for the current fiscal year.

Fisker 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.