Proterra Inc. (NASDAQ:PTRA)’s share price shot up 5.2% on Thursday . The company traded as high as $10.80 and last traded at $10.73. 26,768 shares traded hands during trading, a decline of 99% from the average session volume of 2,649,282 shares. The stock had previously closed at $10.20.
A number of research firms have recently weighed in on PTRA. Barclays increased their target price on shares of Proterra from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, November 12th. Morgan Stanley started coverage on shares of Proterra in a report on Friday, October 22nd. They set an “equal weight” rating for the company. Finally, Zacks Investment Research upgraded shares of Proterra from a “sell” rating to a “hold” rating and set a $11.00 price objective for the company in a report on Wednesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Proterra has an average rating of “Hold” and an average price target of $13.25.
The company has a quick ratio of 9.06, a current ratio of 10.20 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $10.20 and its 200 day simple moving average is $11.14.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. KPCB GGF Associates LLC increased its position in shares of Proterra by 2.8% during the third quarter. KPCB GGF Associates LLC now owns 15,563,577 shares of the company’s stock valued at $157,348,000 after acquiring an additional 429,167 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Proterra by 560.0% during the third quarter. Franklin Resources Inc. now owns 6,091,157 shares of the company’s stock valued at $61,582,000 after acquiring an additional 5,168,217 shares in the last quarter. Winslow Capital Management LLC bought a new stake in shares of Proterra during the second quarter valued at approximately $61,870,000. BNP Paribas Asset Management Holding S.A. increased its position in shares of Proterra by 110.9% during the third quarter. BNP Paribas Asset Management Holding S.A. now owns 2,448,200 shares of the company’s stock valued at $24,751,000 after acquiring an additional 1,287,601 shares in the last quarter. Finally, BlackRock Inc. bought a new stake in shares of Proterra during the third quarter valued at approximately $24,490,000. 29.33% of the stock is owned by institutional investors.
Proterra Company Profile (NASDAQ:PTRA)
Proterra Inc is a developer and producer of commercial electric vehicle technology with an integrated business model focused on providing end-to-end solutions that enable commercial vehicle electrification through three main business units: Proterra Powered, Proterra Energy, and Proterra Transit.
See Also: Convertible Shares
Receive News & Ratings for Proterra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proterra and related companies with MarketBeat.com's FREE daily email newsletter.