Franklin Resources Inc. Invests $53,000 in Eve Holding, Inc. (NYSE:EVEX)

Franklin Resources Inc. acquired a new position in shares of Eve Holding, Inc. (NYSE:EVEX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,604 shares of the company’s stock, valued at approximately $53,000.

A number of other large investors also recently made changes to their positions in EVEX. SG Americas Securities LLC purchased a new stake in shares of EVE during the third quarter worth $35,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of EVE during the 3rd quarter worth about $40,000. Readystate Asset Management LP acquired a new stake in shares of EVE during the 3rd quarter valued at about $83,000. Barclays PLC grew its stake in shares of EVE by 594.1% in the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock valued at $141,000 after buying an additional 37,602 shares in the last quarter. Finally, Blair William & Co. IL acquired a new position in EVE in the second quarter worth approximately $190,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EVEX shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 target price on shares of EVE in a research note on Tuesday, November 5th. TD Cowen raised shares of EVE to a “hold” rating in a research note on Thursday, December 19th. Finally, Canaccord Genuity Group increased their target price on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd.

EVE Stock Down 2.6 %

Shares of EVE stock opened at $5.30 on Friday. Eve Holding, Inc. has a 12-month low of $2.33 and a 12-month high of $7.49. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $4.02 and a two-hundred day moving average price of $3.48. The stock has a market capitalization of $1.58 billion, a P/E ratio of -11.04 and a beta of 0.53.

EVE (NYSE:EVEX) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same quarter in the prior year, the company earned ($0.11) EPS. Equities analysts expect that Eve Holding, Inc. will post -0.5 earnings per share for the current year.

EVE Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.