Cantor Fitzgerald Reaffirms Overweight Rating for EVE (NYSE:EVEX)

EVE (NYSE:EVEX - Get Free Report)'s stock had its "overweight" rating reiterated by analysts at Cantor Fitzgerald in a note issued to investors on Monday,Benzinga reports. They presently have a $5.00 price objective on the stock. Cantor Fitzgerald's price target would suggest a potential downside of 16.01% from the stock's previous close.

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

EVE Price Performance

EVE stock traded up $0.56 during trading hours on Monday, hitting $5.95. 369,823 shares of the company traded hands, compared to its average volume of 271,821. The firm's 50-day simple moving average is $4.62 and its two-hundred day simple moving average is $4.43. EVE has a 1-year low of $2.33 and a 1-year high of $6.09. The firm has a market cap of $1.77 billion, a P/E ratio of -10.82 and a beta of 0.77. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 1.87.

EVE (NYSE:EVEX - Get Free Report) last announced its quarterly earnings data 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). As a group, analysts forecast that EVE will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EVEX. American Century Companies Inc. increased its stake in shares of EVE by 1,292.4% in the first quarter. American Century Companies Inc. now owns 379,694 shares of the company's stock valued at $1,261,000 after buying an additional 352,424 shares during the period. Geode Capital Management LLC raised its holdings in shares of EVE by 29.0% in the fourth quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company's stock valued at $5,969,000 after purchasing an additional 246,863 shares during the last quarter. Northern Trust Corp increased its position in shares of EVE by 89.7% during the 4th quarter. Northern Trust Corp now owns 420,000 shares of the company's stock valued at $2,285,000 after purchasing an additional 198,627 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of EVE by 380.2% in the 4th quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company's stock worth $1,014,000 after purchasing an additional 147,632 shares during the period. Finally, Swiss National Bank purchased a new position in shares of EVE in the first quarter worth about $383,000. 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.