Lightning eMotors (ZEV) Scheduled to Post Earnings on Monday

Lightning eMotors (NYSE:ZEV – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Monday, March 13th. Analysts expect Lightning eMotors to post earnings of ($0.27) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Lightning eMotors Price Performance

Shares of ZEV opened at $0.67 on Monday. Lightning eMotors has a twelve month low of $0.29 and a twelve month high of $6.05. The company has a 50 day moving average of $0.65 and a two-hundred day moving average of $1.15. The company has a quick ratio of 4.86, a current ratio of 6.39 and a debt-to-equity ratio of 1.32. The company has a market cap of $60.39 million, a price-to-earnings ratio of 1.43 and a beta of 2.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZEV. Alpine Global Management LLC lifted its position in Lightning eMotors by 506.3% during the fourth quarter. Alpine Global Management LLC now owns 106,763 shares of the company’s stock valued at $39,000 after purchasing an additional 89,155 shares during the period. Balyasny Asset Management LLC acquired a new position in Lightning eMotors during the third quarter valued at $50,000. American International Group Inc. purchased a new position in Lightning eMotors in the second quarter valued at $51,000. Morgan Stanley increased its holdings in Lightning eMotors by 78.5% in the fourth quarter. Morgan Stanley now owns 145,928 shares of the company’s stock valued at $53,000 after buying an additional 64,187 shares in the last quarter. Finally, ExodusPoint Capital Management LP increased its holdings in Lightning eMotors by 80.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 157,253 shares of the company’s stock valued at $58,000 after buying an additional 70,024 shares in the last quarter. 29.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZEV has been the subject of several research reports. DA Davidson lowered their price objective on shares of Lightning eMotors to $4.00 in a research note on Tuesday, November 15th. Northland Securities lowered their price objective on shares of Lightning eMotors from $6.50 to $2.50 and set an “outperform” rating for the company in a research note on Monday, December 5th. Finally, Oppenheimer lowered their price objective on shares of Lightning eMotors to $13.00 in a research note on Tuesday, November 15th.

About Lightning eMotors

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Lightning eMotors, Inc designs, manufactures, and sells zero-emission commercial fleet vehicles and powertrains to commercial fleets, large enterprises, original equipment manufacturers, and governments in the United States. It offers zero-emission class 3 to 7 battery electric and fuel cell electric vehicles.