Virtu Financial LLC Buys Shares of 284,254 Canoo Inc. (NASDAQ:GOEV)

Virtu Financial LLC purchased a new position in Canoo Inc. (NASDAQ:GOEV) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 284,254 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Canoo by 25.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,679,627 shares of the company’s stock worth $1,652,000 after acquiring an additional 341,897 shares in the last quarter. XTX Topco Ltd increased its position in shares of Canoo by 191.7% during the third quarter. XTX Topco Ltd now owns 31,659 shares of the company’s stock worth $31,000 after purchasing an additional 20,805 shares in the last quarter. State Street Corp lifted its holdings in shares of Canoo by 2.8% during the 3rd quarter. State Street Corp now owns 2,309,656 shares of the company’s stock valued at $2,272,000 after purchasing an additional 63,652 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Canoo in the 2nd quarter worth $37,000. Finally, EP Wealth Advisors LLC grew its stake in Canoo by 74.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 121,739 shares of the company’s stock worth $259,000 after buying an additional 52,131 shares during the last quarter. 36.23% of the stock is currently owned by hedge funds and other institutional investors.

Canoo Price Performance

NASDAQ GOEV opened at $0.12 on Wednesday. The company has a market cap of $11.36 million, a price-to-earnings ratio of -0.03 and a beta of 1.14. The stock’s fifty day moving average price is $0.57 and its 200 day moving average price is $1.30. Canoo Inc. has a 1 year low of $0.11 and a 1 year high of $7.08.

Analyst Upgrades and Downgrades

Separately, HC Wainwright decreased their price target on Canoo from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Canoo currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.71.

Canoo Company Profile

Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components.