EVE (NYSE:EVEX) Given Overweight Rating at Cantor Fitzgerald

EVE (NYSE:EVEX - Get Free Report)'s stock had its "overweight" rating restated by equities research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $5.00 target price on the stock. Cantor Fitzgerald's price objective suggests a potential downside of 8.42% from the stock's previous close.

Separately, HC Wainwright increased their price objective on EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Monday, June 9th.

EVE Trading Up 3.8%

Shares of EVEX stock traded up $0.20 during trading hours on Monday, reaching $5.46. 619,215 shares of the stock traded hands, compared to its average volume of 268,592. The business has a fifty day moving average price of $4.47 and a 200 day moving average price of $4.40. EVE has a 1-year low of $2.33 and a 1-year high of $6.09. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $1.63 billion, a PE ratio of -9.93 and a beta of 0.76.

EVE (NYSE:EVEX - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.03). On average, equities research analysts forecast that EVE will post -0.5 EPS for the current year.

Institutional Investors Weigh In On EVE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVEX. Legal & General Group Plc lifted its holdings 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 valued at $30,000 after buying an additional 3,001 shares during the last quarter. Summit Investment Advisors Inc. raised its position in EVE by 257.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company's stock valued at $29,000 after acquiring an additional 3,850 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in EVE in the fourth quarter valued at approximately $34,000. Jane Street Group LLC grew its position in EVE by 64.8% in the fourth quarter. Jane Street Group LLC now owns 17,322 shares of the company's stock worth $94,000 after acquiring an additional 6,810 shares in the last quarter. Finally, Rhumbline Advisers grew its position in EVE by 25.5% in the first quarter. Rhumbline Advisers now owns 35,223 shares of the company's stock worth $117,000 after acquiring an additional 7,154 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company's stock.

EVE Company 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.