Wall Street Zen Upgrades EHang (NASDAQ:EH) to "Hold"

Key Points

• Wall Street Zen upgraded EHang (NASDAQ:EH) from a "sell" to a "hold"; the stock's overall analyst mix yields a Moderate Buy consensus with an average price target of $23.48 (1 Strong Buy, 4 Buy, 1 Hold, 1 Sell).
• Shares opened at $9.39 and were down about 3.2%, trading near their 1‑year low ($9.39) versus a high of $22.10, with a market cap of $675M and a negative P/E (-21.34).
• Institutional investors own roughly 94.03% of EHang, with major funds (Vanguard, FIL, State Street, UBS) adding to positions and Baillie Gifford initiating a new stake.

EHang (NASDAQ:EH - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

EH has been the subject of several other research reports. Weiss Ratings restated a "sell (d-)" rating on shares of EHang in a report on Wednesday, January 21st. Bank of America reiterated a "buy" rating on shares of EHang in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.48.

EHang Stock Down 3.2%

EHang stock opened at $9.39 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.98 and a debt-to-equity ratio of 0.07. EHang has a 1-year low of $9.39 and a 1-year high of $22.10. The company has a fifty day simple moving average of $11.98 and a 200 day simple moving average of $14.49. The company has a market cap of $675.05 million, a P/E ratio of -21.34 and a beta of 0.96.

Institutional Trading of EHang

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of EHang by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,022,710 shares of the company's stock valued at $37,562,000 after acquiring an additional 55,913 shares during the period. FIL Ltd raised its holdings in shares of EHang by 2.9% in the 4th quarter. FIL Ltd now owns 1,402,092 shares of the company's stock valued at $18,480,000 after purchasing an additional 39,256 shares during the period. State Street Corp lifted its stake in EHang by 4.7% in the 4th quarter. State Street Corp now owns 1,082,433 shares of the company's stock valued at $14,266,000 after purchasing an additional 48,356 shares during the last quarter. UBS Group AG lifted its stake in EHang by 19.0% in the 4th quarter. UBS Group AG now owns 941,689 shares of the company's stock valued at $12,411,000 after purchasing an additional 150,567 shares during the last quarter. Finally, Baillie Gifford & Co. bought a new position in EHang during the fourth quarter worth about $10,204,000. 94.03% of the stock is owned by institutional investors.

About EHang

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company's business model encompasses research and development, manufacturing, certification support, and operations services.

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