Archer Aviation Inc. (NYSE:ACHR) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Archer Aviation Inc. (NYSE:ACHR - Free Report) by 49.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,499 shares of the company's stock after purchasing an additional 68,676 shares during the quarter. Deutsche Bank AG's holdings in Archer Aviation were worth $2,033,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Conquis Financial LLC bought a new stake in shares of Archer Aviation in the fourth quarter valued at about $29,000. Oarsman Capital Inc. raised its holdings in shares of Archer Aviation by 471.7% in the 4th quarter. Oarsman Capital Inc. now owns 3,087 shares of the company's stock valued at $30,000 after purchasing an additional 2,547 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Archer Aviation by 54.7% in the 4th quarter. Harbour Investments Inc. now owns 3,097 shares of the company's stock valued at $30,000 after purchasing an additional 1,095 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Archer Aviation by 58.3% in the 4th quarter. Anchor Investment Management LLC now owns 3,324 shares of the company's stock worth $32,000 after purchasing an additional 1,224 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Archer Aviation by 708.3% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,395 shares of the company's stock valued at $33,000 after purchasing an additional 2,975 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company's stock.

Analyst Ratings Changes

ACHR has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $13.00 price objective on shares of Archer Aviation in a research note on Tuesday, May 13th. Raymond James upped their price objective on Archer Aviation from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Friday, February 21st. HC Wainwright reiterated a "buy" rating and issued a $12.50 target price on shares of Archer Aviation in a research note on Tuesday, May 13th. Canaccord Genuity Group increased their price target on shares of Archer Aviation from $13.00 to $13.50 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $13.00 price target on shares of Archer Aviation in a research report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.50.

Archer Aviation Stock Performance

NYSE ACHR traded down $0.01 on Friday, reaching $10.59. 20,008,645 shares of the company's stock traded hands, compared to its average volume of 23,192,031. Archer Aviation Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $13.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.03 and a current ratio of 6.03. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of -8.02 and a beta of 3.13. The stock has a 50 day moving average price of $8.47 and a 200-day moving average price of $8.37.

Archer Aviation (NYSE:ACHR - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.04. Equities research analysts predict that Archer Aviation Inc. will post -1.32 EPS for the current fiscal year.

Insider Activity at Archer Aviation

In other Archer Aviation news, insider Tosha Perkins sold 49,273 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $7.70, for a total transaction of $379,402.10. Following the transaction, the insider now owns 232,396 shares in the company, valued at approximately $1,789,449.20. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Mesler sold 34,498 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $7.04, for a total value of $242,865.92. Following the completion of the sale, the chief financial officer now owns 659,357 shares of the company's stock, valued at $4,641,873.28. This trade represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 705,844 shares of company stock worth $6,583,103. 7.65% of the stock is owned by company insiders.

Archer Aviation Profile

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.