EVE’s (EVEX) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of EVE (NYSE:EVEX) in a report issued on Friday morning,Benzinga reports. The brokerage currently has a $5.00 target price on the stock.

Several other analysts have also weighed in on EVEX. Canaccord Genuity Group raised their price objective on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price target on shares of EVE in a report on Wednesday, March 12th. Finally, TD Cowen raised EVE to a “hold” rating in a research note on Thursday, December 19th.

EVE Trading Down 2.9 %

EVE stock opened at $3.19 on Friday. The business has a 50 day moving average price of $4.50 and a two-hundred day moving average price of $3.93. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. EVE has a 12 month low of $2.33 and a 12 month high of $6.09. The stock has a market cap of $948.00 million, a price-to-earnings ratio of -6.64 and a beta of 0.45.

EVE (NYSE:EVEX) last posted its earnings results on Friday, March 14th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. As a group, equities analysts forecast that EVE will post -0.5 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of EVE by 65.4% in the third quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock valued at $2,754,000 after purchasing an additional 336,133 shares in the last quarter. Northern Trust Corp grew its stake in shares of EVE by 89.7% during the 4th quarter. Northern Trust Corp now owns 420,000 shares of the company’s stock worth $2,285,000 after acquiring an additional 198,627 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of EVE by 380.2% in the fourth quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company’s stock valued at $1,014,000 after purchasing an additional 147,632 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EVE by 63.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock worth $1,078,000 after purchasing an additional 129,300 shares in the last quarter. Finally, Connective Capital Management LLC bought a new position in EVE in the fourth quarter valued at $500,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.