EVE (NYSE:EVEX) Shares Up 8.3% - Here's What Happened

Shares of Eve Holding, Inc. (NYSE:EVEX - Get Free Report) rose 8.3% during trading on Thursday . The company traded as high as $5.85 and last traded at $5.84. Approximately 150,400 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 270,158 shares. The stock had previously closed at $5.39.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 price target on shares of EVE in a research report on Monday. HC Wainwright raised their price objective on shares of EVE from $6.00 to $8.00 and gave the company a "buy" rating in a research note on Monday, June 9th.

EVE Stock Up 10.4%

The company has a debt-to-equity ratio of 1.87, a current ratio of 3.60 and a quick ratio of 3.60. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -10.82 and a beta of 0.77. The firm has a 50 day simple moving average of $4.57 and a two-hundred day simple moving average of $4.42.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp raised its holdings in shares of EVE by 89.7% during the fourth 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 during the period. Nuveen Asset Management LLC lifted its holdings in shares of EVE by 161.4% in the fourth quarter. Nuveen Asset Management LLC now owns 94,129 shares of the company's stock valued at $512,000 after purchasing an additional 58,119 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of EVE by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company's stock worth $5,969,000 after buying an additional 246,863 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of EVE by 22.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 408,274 shares of the company's stock worth $2,221,000 after buying an additional 75,542 shares during the period. Finally, Voya Investment Management LLC acquired a new stake in EVE in the 4th quarter valued at approximately $75,000. 1.27% of the stock is currently owned by institutional investors.

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.

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