EVE (NYSE:EVEX) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of EVE (NYSE:EVEX) in a research report released on Monday,Benzinga reports. They currently have a $5.00 price target on the stock.

Separately, HC Wainwright lifted their price target on shares of EVE from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, June 9th.

EVE Stock Performance

NYSE EVEX opened at $5.46 on Monday. The company has a fifty day simple moving average of $4.51 and a 200 day simple moving average of $4.40. EVE has a 12-month low of $2.33 and a 12-month high of $6.09. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 1.87. The company has a market cap of $1.63 billion, a P/E ratio of -9.93 and a beta of 0.76.

EVE (NYSE:EVEX) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Sell-side analysts predict that EVE will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EVE

A number of hedge funds have recently bought and sold shares of EVEX. Rhumbline Advisers boosted its holdings in EVE by 80.7% during the 4th quarter. Rhumbline Advisers now owns 28,069 shares of the company’s stock worth $153,000 after acquiring an additional 12,539 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of EVE by 69.7% in the 4th quarter. Bank of New York Mellon Corp now owns 103,070 shares of the company’s stock worth $561,000 after buying an additional 42,344 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of EVE by 22.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 408,274 shares of the company’s stock worth $2,221,000 after buying an additional 75,542 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of EVE in the 4th quarter worth about $85,000. Finally, American Century Companies Inc. purchased a new position in shares of EVE in the 4th quarter worth about $148,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.