Archer Aviation (NYSE:ACHR) Price Target Raised to $15.00 at Deutsche Bank Aktiengesellschaft

Archer Aviation (NYSE:ACHR) had its price target boosted by Deutsche Bank Aktiengesellschaft from $11.00 to $15.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on ACHR. Needham & Company LLC started coverage on shares of Archer Aviation in a research note on Tuesday, November 19th. They issued a “buy” rating and a $11.00 price objective on the stock. HC Wainwright assumed coverage on Archer Aviation in a report on Tuesday, September 3rd. They issued a “buy” rating and a $12.50 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Archer Aviation in a research note on Monday, October 7th. Finally, Canaccord Genuity Group boosted their target price on Archer Aviation from $8.50 to $11.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

Archer Aviation Price Performance

NYSE ACHR opened at $8.39 on Friday. Archer Aviation has a 12 month low of $2.82 and a 12 month high of $9.84. The firm has a market capitalization of $3.57 billion, a PE ratio of -6.36 and a beta of 3.19. The company’s 50 day simple moving average is $4.89 and its 200 day simple moving average is $4.10. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.03 and a quick ratio of 6.03.

Archer Aviation (NYSE:ACHR) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.05). During the same period in the prior year, the company earned ($0.19) earnings per share. As a group, equities research analysts forecast that Archer Aviation will post -1.28 EPS for the current fiscal year.

Insider Buying and Selling at Archer Aviation

In related news, CEO Adam D. Goldstein acquired 19,762 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of $5.12 per share, for a total transaction of $101,181.44. Following the purchase, the chief executive officer now owns 2,014,890 shares in the company, valued at $10,316,236.80. This represents a 0.99 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deborah Diaz bought 5,150 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $7.48 per share, with a total value of $38,522.00. Following the purchase, the director now directly owns 98,886 shares in the company, valued at approximately $739,667.28. This trade represents a 5.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 776,791 shares of company stock valued at $5,139,699 and have sold 1,571,386 shares valued at $9,236,577. Company insiders own 9.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management raised its stake in shares of Archer Aviation by 50.0% during the 2nd quarter. Hollencrest Capital Management now owns 9,000 shares of the company’s stock worth $32,000 after purchasing an additional 3,000 shares in the last quarter. Townsquare Capital LLC raised its position in Archer Aviation by 25.6% during the third quarter. Townsquare Capital LLC now owns 14,877 shares of the company’s stock valued at $45,000 after acquiring an additional 3,033 shares in the last quarter. Tidal Investments LLC raised its position in Archer Aviation by 29.9% during the third quarter. Tidal Investments LLC now owns 14,518 shares of the company’s stock valued at $44,000 after acquiring an additional 3,339 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Archer Aviation by 14.8% in the second quarter. Hsbc Holdings PLC now owns 25,972 shares of the company’s stock valued at $89,000 after acquiring an additional 3,341 shares during the last quarter. Finally, CWM LLC grew its position in Archer Aviation by 62.0% in the second quarter. CWM LLC now owns 9,300 shares of the company’s stock worth $33,000 after acquiring an additional 3,559 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

Archer Aviation Company Profile

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.