Vertical Aerospace (NYSE:EVTL) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Vertical Aerospace has received a "sell (D-)" rating from Weiss Ratings, indicating negative outlook from analysts.
• Despite the low rating from Weiss, other analysts like Needham & Company and Canaccord Genuity maintain a "buy" rating with price targets of $9.00 and $11.00 respectively.
• The stock currently trades at $5.88, reflecting a 1-year low of $2.76 and a high of $15.99, with a consensus rating of "Hold" and an average price target of $10.43.

Vertical Aerospace (NYSE:EVTL - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research analysts also recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $9.00 target price on shares of Vertical Aerospace in a report on Thursday, September 18th. Canaccord Genuity Group reiterated a "buy" rating and set a $11.00 target price on shares of Vertical Aerospace in a research report on Monday, September 22nd. Wall Street Zen cut shares of Vertical Aerospace from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Cantor Fitzgerald began coverage on shares of Vertical Aerospace in a report on Friday, August 22nd. They issued an "overweight" rating and a $8.00 price target for the company. Finally, HC Wainwright reissued a "buy" rating and issued a $15.00 price target on shares of Vertical Aerospace in a report on Thursday, September 18th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $10.43.

Vertical Aerospace Price Performance

Shares of EVTL traded down $0.07 during mid-day trading on Wednesday, reaching $5.88. The company's stock had a trading volume of 1,983,984 shares, compared to its average volume of 2,141,220. The business has a fifty day moving average of $5.31 and a 200 day moving average of $5.07. Vertical Aerospace has a 1 year low of $2.76 and a 1 year high of $15.99.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported ($2.35) EPS for the quarter, missing the consensus estimate of ($0.43) by ($1.92). Equities analysts forecast that Vertical Aerospace will post -3.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its stake in Vertical Aerospace by 398.9% in the 2nd quarter. Marshall Wace LLP now owns 788,895 shares of the company's stock worth $5,341,000 after purchasing an additional 630,778 shares in the last quarter. Inherent Management Corp. bought a new position in shares of Vertical Aerospace during the 1st quarter valued at $1,109,000. Jane Street Group LLC bought a new stake in Vertical Aerospace in the 2nd quarter worth $833,000. Squarepoint Ops LLC grew its holdings in Vertical Aerospace by 429.6% in the 2nd quarter. Squarepoint Ops LLC now owns 140,018 shares of the company's stock worth $948,000 after acquiring an additional 113,580 shares during the last quarter. Finally, Rathbones Group PLC purchased a new stake in shares of Vertical Aerospace in the 2nd quarter worth about $356,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

About Vertical Aerospace

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.

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