Patriot Financial Group Insurance Agency LLC Purchases New Position in REE Automotive Ltd. (NASDAQ:REE)

Patriot Financial Group Insurance Agency LLC acquired a new position in shares of REE Automotive Ltd. (NASDAQ:REE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,083 shares of the company’s stock, valued at approximately $160,000. Patriot Financial Group Insurance Agency LLC owned approximately 0.17% of REE Automotive at the end of the most recent quarter.

Separately, M&G PLC lifted its holdings in shares of REE Automotive by 69.4% in the 3rd quarter. M&G PLC now owns 2,960,017 shares of the company’s stock valued at $20,720,000 after purchasing an additional 1,213,003 shares during the last quarter. Hedge funds and other institutional investors own 12.74% of the company’s stock.

REE Automotive Trading Up 0.6 %

NASDAQ REE opened at $8.66 on Thursday. The firm’s fifty day moving average is $8.82 and its two-hundred day moving average is $6.61. REE Automotive Ltd. has a one year low of $2.91 and a one year high of $11.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.15 and a current ratio of 3.21. The firm has a market cap of $91.02 million, a PE ratio of -0.95 and a beta of 2.92.

REE Automotive (NASDAQ:REE) last posted its quarterly earnings data on Tuesday, December 17th. The company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.97) by ($0.27). Analysts expect that REE Automotive Ltd. will post -5.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $15.00 price target on shares of REE Automotive in a research report on Monday, December 23rd.

REE Automotive Profile

REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform.