Workhorse Group (NASDAQ:WKHS) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Workhorse Group (NASDAQ:WKHS) in a research report report published on Tuesday. The firm issued a sell rating on the stock.

Separately, TD Cowen boosted their target price on shares of Workhorse Group from $3.13 to $15.63 and gave the company a “hold” rating in a report on Wednesday, November 20th.

Workhorse Group Stock Up 6.8 %

WKHS stock opened at $2.20 on Tuesday. The firm has a market cap of $7.21 million, a price-to-earnings ratio of -0.28 and a beta of 2.79. Workhorse Group has a 12-month low of $1.91 and a 12-month high of $68.07. The company’s fifty day simple moving average is $6.07 and its 200 day simple moving average is $9.14.

Institutional Investors Weigh In On Workhorse Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its position in shares of Workhorse Group by 91.6% during the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock worth $35,000 after acquiring an additional 19,473 shares in the last quarter. Swedbank AB increased its position in shares of Workhorse Group by 46.2% during the fourth quarter. Swedbank AB now owns 95,796 shares of the company’s stock worth $67,000 after acquiring an additional 30,294 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Workhorse Group by 17.4% during the fourth quarter. Geode Capital Management LLC now owns 332,561 shares of the company’s stock worth $232,000 after acquiring an additional 49,291 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Workhorse Group during the third quarter worth about $51,000. 15.98% of the stock is owned by institutional investors.

Workhorse Group Company Profile

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.