EVE (NYSE:EVEX) Receives Neutral Rating from BTIG Research

Key Points

• Analysts at BTIG Research have initiated coverage on EVE (NYSE:EVEX) with a "neutral" rating.
• HC Wainwright raised their price target for EVE from $6.00 to $8.00 and rated it as a "buy", whereas Cantor Fitzgerald maintained an "overweight" rating with a $5.00 price target.
• EVE reported a loss of $0.21 earnings per share for the last quarter, missing analysts' expectations by $0.06, and has an ongoing year EPS projection of -0.5.

BTIG Research reissued their neutral rating on shares of EVE (NYSE:EVEX - Free Report) in a research report released on Tuesday, Marketbeat Ratings reports.

Several other equities analysts also recently commented on EVEX. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $5.00 price objective on shares of EVE in a research report on Monday, June 23rd. HC Wainwright increased their price target on EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $6.67.

EVE Trading Up 4.1%

EVE stock traded up $0.18 during mid-day trading on Tuesday, hitting $4.60. The company's stock had a trading volume of 2,477,789 shares, compared to its average volume of 727,474. The company has a 50 day moving average of $6.30 and a 200-day moving average of $4.84. The stock has a market cap of $1.38 billion, a PE ratio of -7.30 and a beta of 0.85. The company has a debt-to-equity ratio of 11.46, a quick ratio of 2.77 and a current ratio of 2.77. EVE has a one year low of $2.35 and a one year high of $7.70.

EVE (NYSE:EVEX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.06). On average, research analysts anticipate that EVE will post -0.5 EPS for the current year.

Hedge Funds Weigh In On EVE

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of EVE by 144.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company's stock worth $36,000 after buying an additional 3,121 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of EVE by 257.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company's stock worth $29,000 after purchasing an additional 3,850 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of EVE by 118.0% during the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company's stock worth $30,000 after purchasing an additional 3,001 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of EVE during the 4th quarter worth $62,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of EVE during the 1st quarter worth $39,000. Institutional investors 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.