EVE (NYSE:EVEX) Price Target Raised to $8.00

EVE (NYSE:EVEX - Get Free Report) had its price target raised by stock analysts at HC Wainwright from $6.00 to $8.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright's target price points to a potential upside of 44.14% from the stock's current price.

Separately, Cantor Fitzgerald restated an "overweight" rating and issued a $5.00 price target on shares of EVE in a research report on Friday, March 14th.

EVE Stock Up 0.4%

EVEX traded up $0.02 during trading hours on Monday, reaching $5.55. 153,632 shares of the stock traded hands, compared to its average volume of 258,732. The firm's fifty day simple moving average is $4.23 and its two-hundred day simple moving average is $4.34. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -11.56 and a beta of 0.77. EVE has a fifty-two week low of $2.33 and a fifty-two week high of $6.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21.

EVE (NYSE:EVEX - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.03). As a group, analysts forecast that EVE will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EVE

Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in EVE by 25.5% during the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company's stock valued at $117,000 after buying an additional 7,154 shares during the period. Strs Ohio acquired a new stake in shares of EVE during the first quarter worth approximately $75,000. AQR Capital Management LLC boosted its holdings in shares of EVE by 167.8% during the first quarter. AQR Capital Management LLC now owns 52,456 shares of the company's stock worth $174,000 after purchasing an additional 32,868 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of EVE during the first quarter worth approximately $79,000. Finally, EntryPoint Capital LLC boosted its holdings in shares of EVE by 54.5% during the first quarter. EntryPoint Capital LLC now owns 43,471 shares of the company's stock worth $144,000 after purchasing an additional 15,341 shares during the period. 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.