EVE's (EVEX) "Sell (E+)" Rating Reiterated at Weiss Ratings

EVE (NYSE:EVEX - Get Free Report)'s stock had its "sell (e+)" rating reiterated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group reduced their price target on shares of EVE from $7.00 to $6.75 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Cantor Fitzgerald restated an "overweight" rating and set a $5.00 price target on shares of EVE in a research report on Monday, June 23rd. Finally, BTIG Research restated a "neutral" rating on shares of EVE in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $6.58.

EVE Trading Up 1.1%

EVEX stock opened at $4.80 on Wednesday. The company's 50-day simple moving average is $4.49 and its 200-day simple moving average is $4.80. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 11.46. EVE has a 52-week low of $2.61 and a 52-week high of $7.70. The firm has a market cap of $1.44 billion, a P/E ratio of -7.62 and a beta of 0.81.

EVE (NYSE:EVEX - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.06). As a group, equities analysts forecast that EVE will post -0.5 EPS for the current fiscal year.

Institutional Trading of EVE

Hedge funds have recently bought and sold shares of the business. Swiss National Bank acquired a new stake in EVE in the 1st quarter valued at about $383,000. American Century Companies Inc. raised its holdings in EVE by 1,292.4% in the 1st quarter. American Century Companies Inc. now owns 379,694 shares of the company's stock valued at $1,261,000 after acquiring an additional 352,424 shares during the last quarter. Nuveen LLC acquired a new stake in EVE in the 1st quarter valued at about $313,000. Rhumbline Advisers raised its holdings in EVE by 25.5% in the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company's stock valued at $117,000 after acquiring an additional 7,154 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in EVE by 24.2% in the 4th quarter. Bank of America Corp DE now owns 47,124 shares of the company's stock valued at $256,000 after acquiring an additional 9,187 shares during the last quarter. 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.

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