Weiss Ratings Reiterates "Sell (D-)" Rating for EHang (NASDAQ:EH)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for EHang, indicating continued concerns about the company's stock performance.
• Other analysts' ratings vary, with JPMorgan Chase issuing an "overweight" rating and a target price of $26.00, while Wall Street Zen downgraded it to "sell."
• Institutional investors hold a significant stake in EHang, with 94.03% of the company's stock owned by institutions, reflecting strong institutional interest.

EHang (NASDAQ:EH - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of EHang in a research report on Thursday, August 21st. They issued an "overweight" rating and a $26.00 target price for the company. Wall Street Zen lowered shares of EHang from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Finally, Dbs Bank initiated coverage on shares of EHang in a research report on Thursday, October 2nd. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.08.

EHang Price Performance

NASDAQ:EH traded up $0.21 during midday trading on Wednesday, hitting $18.68. The company had a trading volume of 657,602 shares, compared to its average volume of 1,452,410. EHang has a 52-week low of $12.02 and a 52-week high of $29.76. The stock's fifty day moving average price is $17.38 and its 200-day moving average price is $17.45. The company has a market capitalization of $1.34 billion, a PE ratio of -37.36 and a beta of 1.12. The company has a quick ratio of 2.32, a current ratio of 2.50 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On EHang

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its stake in shares of EHang by 5,904.0% during the second quarter. Osaic Holdings Inc. now owns 27,018 shares of the company's stock valued at $469,000 after purchasing an additional 26,568 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of EHang by 12.9% during the second quarter. Squarepoint Ops LLC now owns 44,378 shares of the company's stock valued at $770,000 after purchasing an additional 5,063 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of EHang by 88.9% during the second quarter. Headlands Technologies LLC now owns 80,163 shares of the company's stock valued at $1,392,000 after purchasing an additional 37,729 shares in the last quarter. Man Group plc increased its stake in shares of EHang by 138.7% during the second quarter. Man Group plc now owns 79,789 shares of the company's stock valued at $1,385,000 after purchasing an additional 46,364 shares in the last quarter. Finally, Eschler Asset Management LLP increased its stake in shares of EHang by 1,329.8% during the second quarter. Eschler Asset Management LLP now owns 200,000 shares of the company's stock valued at $3,472,000 after purchasing an additional 186,012 shares in the last quarter. Institutional investors own 94.03% of the company's stock.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.

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