Archer Aviation Inc. (NYSE:ACHR) Holdings Raised by Sargent Investment Group LLC

Sargent Investment Group LLC lifted its stake in shares of Archer Aviation Inc. (NYSE:ACHR - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,030 shares of the company's stock after acquiring an additional 49,900 shares during the period. Sargent Investment Group LLC owned 0.07% of Archer Aviation worth $2,808,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC raised its holdings in Archer Aviation by 708.3% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,395 shares of the company's stock valued at $33,000 after buying an additional 2,975 shares during the period. River Street Advisors LLC purchased a new position in Archer Aviation in the fourth quarter valued at approximately $195,000. Spire Wealth Management raised its holdings in Archer Aviation by 266.7% in the fourth quarter. Spire Wealth Management now owns 16,500 shares of the company's stock valued at $161,000 after buying an additional 12,000 shares during the period. Dumont & Blake Investment Advisors LLC purchased a new position in Archer Aviation in the fourth quarter valued at approximately $160,000. Finally, PFG Investments LLC raised its holdings in Archer Aviation by 16.3% in the fourth quarter. PFG Investments LLC now owns 22,821 shares of the company's stock valued at $223,000 after buying an additional 3,192 shares during the period. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Archer Aviation

In other Archer Aviation news, CEO Adam D. Goldstein sold 805,170 shares of Archer Aviation stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $4.63, for a total value of $3,727,937.10. Following the completion of the transaction, the chief executive officer now owns 4,197,136 shares of the company's stock, valued at $19,432,739.68. The trade was a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tosha Perkins sold 150,000 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $6.40, for a total transaction of $960,000.00. Following the transaction, the insider now directly owns 197,355 shares of the company's stock, valued at approximately $1,263,072. This trade represents a 43.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 776,791 shares of company stock valued at $5,139,699 and sold 1,862,899 shares valued at $12,201,707. Corporate insiders own 9.75% of the company's stock.

Wall Street Analysts Forecast Growth

ACHR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Archer Aviation from $11.00 to $15.00 and gave the company a "buy" rating in a report on Friday, December 13th. Cantor Fitzgerald raised their price target on shares of Archer Aviation from $10.00 to $13.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lowered shares of Archer Aviation from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $6.00 to $9.00 in a research note on Friday, January 10th. Canaccord Genuity Group lifted their price objective on shares of Archer Aviation from $11.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $11.00 price objective on shares of Archer Aviation in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Archer Aviation presently has an average rating of "Moderate Buy" and a consensus price target of $11.38.

Archer Aviation Stock Down 1.5 %

Shares of ACHR stock traded down $0.14 during mid-day trading on Friday, reaching $9.02. 27,657,110 shares of the company were exchanged, compared to its average volume of 23,369,936. Archer Aviation Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $12.48. 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 company has a market capitalization of $3.83 billion, a P/E ratio of -6.83 and a beta of 3.13. The business's 50 day simple moving average is $9.21 and its 200 day simple moving average is $5.67.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.05). During the same period last year, the business earned ($0.19) EPS. Research analysts predict that Archer Aviation Inc. will post -1.31 earnings per share for the current year.

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.