Swiss National Bank Purchases New Shares in Eve Holding, Inc. $EVEX

Key Points

• The Swiss National Bank acquired 115,400 shares of Eve Holding, Inc. ($EVEX) valued at approximately $383,000 during the first quarter.
• Several institutional investors increased their positions in EVE, with notable increases from Northern Trust Corp and Nuveen Asset Management LLC, reflecting a growing interest in the company's stock.
• Despite a rating of "Moderate Buy" from analysts, EVE's stock is currently down 2.5% and has underperformed, reporting a loss of ($0.21) EPS for the last quarter.

Swiss National Bank bought a new position in Eve Holding, Inc. (NYSE:EVEX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 115,400 shares of the company's stock, valued at approximately $383,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of EVE by 118.0% in the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company's stock worth $30,000 after buying an additional 3,001 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of EVE in the fourth quarter worth approximately $34,000. Invesco Ltd. bought a new position in shares of EVE in the fourth quarter worth approximately $62,000. KLP Kapitalforvaltning AS bought a new position in shares of EVE in the first quarter worth approximately $39,000. Finally, Ethic Inc. bought a new position in shares of EVE in the fourth quarter worth approximately $74,000. Institutional investors own 1.27% of the company's stock.

EVE Stock Performance

NYSE EVEX traded up $0.07 during trading hours on Tuesday, hitting $4.00. 1,112,973 shares of the company's stock traded hands, compared to its average volume of 1,187,201. The business's fifty day moving average price is $5.98 and its two-hundred day moving average price is $4.78. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 11.46. The firm has a market capitalization of $1.20 billion, a P/E ratio of -6.34 and a beta of 0.82. Eve Holding, Inc. has a 52 week low of $2.60 and a 52 week high of $7.70.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EVEX. BTIG Research reissued a "neutral" rating on shares of EVE in a report on Tuesday, August 12th. HC Wainwright boosted their price objective on shares of EVE from $6.00 to $8.00 and gave the company a "buy" rating in a report on Monday, June 9th. Canaccord Genuity Group decreased their price objective on shares of EVE from $7.00 to $6.75 and set a "buy" rating for the company in a report on Wednesday, August 20th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $5.00 price objective on shares of EVE in a report on Monday, June 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, EVE presently has an average rating of "Moderate Buy" and an average target price of $6.58.

EVE 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.