Vertical Aerospace's (EVTL) "Buy" Rating Reaffirmed at HC Wainwright

Key Points

• Vertical Aerospace's stock received a reaffirmed "buy" rating from HC Wainwright, with a price target of $15.00, indicating a potential upside of 214.47% from the current price.
• Multiple analysts have varying ratings for Vertical Aerospace; while six maintain a "buy" rating, one rated it as a "sell," leading to an overall average rating of "Moderate Buy" with a price target of $10.43.
• Institutional investors hold 81.17% of Vertical Aerospace's stock, with notable recent acquisitions by several hedge funds.

Vertical Aerospace (NYSE:EVTL - Get Free Report)'s stock had its "buy" rating reiterated by HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They presently have a $15.00 target price on the stock. HC Wainwright's target price indicates a potential upside of 145.50% from the company's current price.

Other analysts also recently issued research reports about the stock. D. Boral Capital reaffirmed a "buy" rating and set a $15.00 price target on shares of Vertical Aerospace in a report on Thursday. Needham & Company LLC started coverage on shares of Vertical Aerospace in a research report on Thursday, July 17th. They issued a "buy" rating and a $9.00 price target for the company. Cantor Fitzgerald initiated coverage on shares of Vertical Aerospace in a report on Friday, August 22nd. They issued an "overweight" rating and a $8.00 target price for the company. Wall Street Zen downgraded shares of Vertical Aerospace from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Canaccord Genuity Group decreased their price target on shares of Vertical Aerospace from $13.50 to $11.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $10.43.

Vertical Aerospace Stock Performance

Shares of NYSE:EVTL traded up $0.38 during midday trading on Thursday, hitting $6.11. 2,300,871 shares of the stock were exchanged, compared to its average volume of 909,074. The business's 50-day moving average price is $5.43 and its 200 day moving average price is $4.92. The stock has a market capitalization of $602.02 million, a price-to-earnings ratio of -0.12 and a beta of 1.24. Vertical Aerospace has a 12 month low of $2.76 and a 12 month high of $15.99.

Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($2.35) EPS for the quarter, missing analysts' consensus estimates of ($0.43) by ($1.92). As a group, sell-side analysts expect that Vertical Aerospace will post -3.95 EPS for the current year.

Institutional Investors Weigh In On Vertical Aerospace

Large investors have recently modified their holdings of the stock. Marshall Wace LLP lifted its stake in shares of Vertical Aerospace by 398.9% in the second quarter. Marshall Wace LLP now owns 788,895 shares of the company's stock worth $5,341,000 after buying an additional 630,778 shares during the last quarter. Inherent Management Corp. acquired a new stake in shares of Vertical Aerospace in the 1st quarter valued at approximately $1,109,000. Jane Street Group LLC acquired a new stake in shares of Vertical Aerospace in the second quarter valued at approximately $833,000. Squarepoint Ops LLC boosted its holdings in shares of Vertical Aerospace by 429.6% during the 2nd quarter. Squarepoint Ops LLC now owns 140,018 shares of the company's stock worth $948,000 after buying an additional 113,580 shares during the period. Finally, Rathbones Group PLC acquired a new position in shares of Vertical Aerospace in the second quarter valued at approximately $356,000. 81.17% of the stock is owned by institutional investors.

Vertical Aerospace Company Profile

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.