Volta (NYSE:VLTA) Price Target Lowered to $6.00 at Cantor Fitzgerald

Volta (NYSE:VLTAGet Rating) had its price objective trimmed by Cantor Fitzgerald from $8.00 to $6.00 in a research report report published on Wednesday, The Fly reports.

VLTA has been the subject of a number of other reports. DA Davidson downgraded shares of Volta from a buy rating to a neutral rating and dropped their target price for the stock from $13.00 to $5.00 in a research note on Monday, March 28th. Canaccord Genuity Group downgraded Volta from a buy rating to a hold rating and reduced their price objective for the stock from $10.00 to $3.00 in a report on Monday, March 28th. Raymond James lowered their target price on Volta from $10.00 to $7.00 and set an outperform rating for the company in a research note on Tuesday, April 19th. The Goldman Sachs Group lowered Volta from a neutral rating to a sell rating and cut their price target for the company from $3.00 to $2.00 in a research note on Tuesday, April 19th. Finally, Canaccord Genuity Group lowered their price objective on Volta from $3.00 to $2.50 and set a hold rating for the company in a research report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Volta has an average rating of Hold and a consensus target price of $7.06.

Shares of VLTA stock opened at $2.19 on Wednesday. The stock’s fifty day simple moving average is $2.63 and its 200 day simple moving average is $3.85. Volta has a one year low of $1.65 and a one year high of $14.34. The company has a quick ratio of 3.08, a current ratio of 2.48 and a debt-to-equity ratio of 0.08.

Volta (NYSE:VLTAGet Rating) last announced its quarterly earnings results on Friday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.11). Equities research analysts expect that Volta will post -0.83 EPS for the current fiscal year.

Several large investors have recently modified their holdings of VLTA. Commonwealth Equity Services LLC bought a new stake in Volta in the 3rd quarter valued at approximately $96,000. Raymond James & Associates acquired a new position in Volta during the third quarter worth $285,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Volta during the 3rd quarter worth about $122,000. Goldman Sachs Group Inc. acquired a new position in shares of Volta during the 3rd quarter worth approximately $92,000. Finally, Cowen AND Company LLC bought a new position in shares of Volta in the third quarter valued at $904,000. Institutional investors and hedge funds own 20.37% of the company’s stock.

Volta Company Profile (Get Rating)

Volta Inc operates a network of smart media-enabled charging stations for electric vehicles in the United States. As of June 30, 2021, it installed approximately 1,900 chargers across 26 territories and states. Volta Inc was founded in 2010 and is headquartered in San Francisco, California.

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