Workhorse Group (NASDAQ:WKHS) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Workhorse Group (NASDAQ:WKHS) from a hold rating to a buy rating in a report published on Tuesday, ValuEngine reports.

WKHS stock opened at $2.59 on Tuesday. Workhorse Group has a 12 month low of $0.37 and a 12 month high of $3.27.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $0.36 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its stake in shares of Workhorse Group by 70.5% in the 1st quarter. Jane Street Group LLC now owns 51,412 shares of the company’s stock valued at $32,000 after buying an additional 21,250 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Workhorse Group in the 1st quarter valued at approximately $75,000. Northern Trust Corp grew its stake in shares of Workhorse Group by 32.4% in the 1st quarter. Northern Trust Corp now owns 66,849 shares of the company’s stock valued at $41,000 after buying an additional 16,370 shares in the last quarter. Marietta Wealth Management LLC bought a new stake in shares of Workhorse Group in the 1st quarter valued at approximately $31,000. Finally, First Manhattan Co. grew its stake in shares of Workhorse Group by 76.9% in the 1st quarter. First Manhattan Co. now owns 1,725,800 shares of the company’s stock valued at $1,061,000 after buying an additional 750,000 shares in the last quarter. Hedge funds and other institutional investors own 12.06% of the company’s stock.

Workhorse Group Company Profile

Workhorse Group Inc designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency.

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