Nuveen LLC Buys Shares of 94,129 Eve Holding, Inc. $EVEX

Key Points

• Nuveen LLC invested approximately $313,000 in Eve Holding, Inc. by acquiring 94,129 shares in the first quarter of the year.
• Several institutional investors significantly increased their stakes in Eve Holding during the fourth quarter, with Wells Fargo boosting its position by 156.2%.
• Eve Holding reported a loss of ($0.21) EPS for the latest quarter, missing the consensus estimate, while analysts have a consensus rating of "Moderate Buy" with an average price target of $6.58.

Nuveen LLC acquired a new stake in Eve Holding, Inc. (NYSE:EVEX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 94,129 shares of the company's stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of EVE during the fourth quarter worth approximately $34,000. KLP Kapitalforvaltning AS bought a new position in shares of EVE during the first quarter worth approximately $39,000. Arizona State Retirement System bought a new position in shares of EVE during the first quarter worth approximately $57,000. Ethic Inc. bought a new position in shares of EVE during the fourth quarter worth approximately $74,000. Finally, Voya Investment Management LLC bought a new position in shares of EVE during the fourth quarter worth approximately $75,000. Institutional investors own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EVEX shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 target price on shares of EVE in a research note on Monday, June 23rd. HC Wainwright increased their target price on EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. BTIG Research reiterated a "neutral" rating on shares of EVE in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group lowered their target price on EVE from $7.00 to $6.75 and set a "buy" rating on the stock in a research note on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.58.

EVE Price Performance

EVE stock traded up $0.21 during mid-day trading on Thursday, reaching $3.89. 1,627,610 shares of the company were exchanged, compared to its average volume of 1,404,452. The company has a fifty day simple moving average of $5.58 and a 200-day simple moving average of $4.75. Eve Holding, Inc. has a 12 month low of $2.61 and a 12 month high of $7.70. The company has a debt-to-equity ratio of 11.46, a current ratio of 2.77 and a quick ratio of 2.77. The firm has a market cap of $1.17 billion, a PE ratio of -6.17 and a beta of 0.82.

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

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.