EntryPoint Capital LLC Invests $153,000 in Eve Holding, Inc. (NYSE:EVEX)

EntryPoint Capital LLC bought a new position in Eve Holding, Inc. (NYSE:EVEX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,130 shares of the company’s stock, valued at approximately $153,000.

A number of other large investors have also bought and sold shares of EVEX. Connor Clark & Lunn Investment Management Ltd. acquired a new position in EVE in the third quarter worth $40,000. Intech Investment Management LLC bought a new position in shares of EVE in the fourth quarter valued at about $85,000. Franklin Resources Inc. acquired a new position in EVE during the 3rd quarter worth about $53,000. Sei Investments Co. acquired a new position in EVE during the 4th quarter worth about $108,000. Finally, SG Americas Securities LLC grew its holdings in EVE by 112.6% during the 4th quarter. SG Americas Securities LLC now owns 22,651 shares of the company’s stock worth $123,000 after acquiring an additional 11,996 shares during the last quarter. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EVEX. TD Cowen upgraded shares of EVE to a “hold” rating in a research report on Thursday, December 19th. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of EVE in a report on Wednesday, March 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of EVE in a research note on Friday, March 14th. Finally, Canaccord Genuity Group upped their price target on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 2nd.

EVE Price Performance

Shares of EVEX stock opened at $3.50 on Monday. The firm’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $3.97. The stock has a market cap of $1.04 billion, a PE ratio of -7.28 and a beta of 0.45. Eve Holding, Inc. has a 52-week low of $2.33 and a 52-week high of $6.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21.

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

EVE Profile

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.