GreenPower Motor (NASDAQ:GP) PT Lowered to $7.00 at Maxim Group

GreenPower Motor (NASDAQ:GPGet Rating) had its target price lowered by Maxim Group from $9.00 to $7.00 in a research note released on Tuesday morning, The Fly reports.

Separately, B. Riley dropped their price target on shares of GreenPower Motor from $15.00 to $7.00 in a research note on Monday, July 11th.

GreenPower Motor Trading Down 5.9 %

Shares of GP stock opened at $2.54 on Tuesday. GreenPower Motor has a 12-month low of $2.50 and a 12-month high of $16.45. The firm’s 50 day moving average is $3.23 and its 200 day moving average is $4.53. The stock has a market capitalization of $58.80 million, a P/E ratio of -3.34 and a beta of 3.39.

GreenPower Motor (NASDAQ:GPGet Rating) last issued its earnings results on Monday, August 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). GreenPower Motor had a negative return on equity of 49.50% and a negative net margin of 95.40%. The company had revenue of $3.85 million during the quarter, compared to analysts’ expectations of $6.27 million. As a group, equities analysts predict that GreenPower Motor will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On GreenPower Motor

A number of large investors have recently made changes to their positions in GP. UBS Group AG raised its holdings in shares of GreenPower Motor by 293.5% in the 2nd quarter. UBS Group AG now owns 10,220 shares of the company’s stock valued at $33,000 after purchasing an additional 7,623 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of GreenPower Motor by 84.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,243 shares of the company’s stock worth $45,000 after acquiring an additional 6,518 shares in the last quarter. Jane Street Group LLC bought a new position in shares of GreenPower Motor during the 2nd quarter worth approximately $46,000. B. Riley Wealth Management Inc. bought a new position in shares of GreenPower Motor during the 2nd quarter worth approximately $53,000. Finally, Royal Bank of Canada raised its stake in shares of GreenPower Motor by 112.2% during the 1st quarter. Royal Bank of Canada now owns 8,272 shares of the company’s stock worth $56,000 after acquiring an additional 4,373 shares in the last quarter. 5.43% of the stock is owned by hedge funds and other institutional investors.

GreenPower Motor Company Profile

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GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers a suite of high-floor and low-floor electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, double decker buses, and a cab and chassis.

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