Eve Holding, Inc. (NYSE:EVEX) Given Average Rating of “Hold” by Analysts

Eve Holding, Inc. (NYSE:EVEX – Get Rating) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.43.

A number of research firms have recently issued reports on EVEX. JPMorgan Chase & Co. began coverage on EVE in a research report on Wednesday, March 1st. They issued an “overweight” rating and a $8.00 price target for the company. Cantor Fitzgerald assumed coverage on EVE in a research report on Thursday, February 16th. They issued a “neutral” rating and a $7.00 price objective for the company. Finally, TD Cowen assumed coverage on EVE in a research report on Monday, April 24th. They issued a “market perform” rating for the company.

EVE Trading Up 13.1 %

EVEX opened at $9.15 on Friday. EVE has a 12 month low of $5.10 and a 12 month high of $13.34. The stock has a fifty day moving average price of $7.17 and a 200-day moving average price of $7.47. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -26.14 and a beta of 0.50.

EVE (NYSE:EVEX – Get Rating) last posted its quarterly earnings results on Thursday, March 16th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. On average, equities research analysts forecast that EVE will post -0.45 EPS for the current year.

Institutional Trading of EVE

Large investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new stake in shares of EVE during the first quarter valued at about $85,000. Cubist Systematic Strategies LLC acquired a new stake in shares of EVE during the first quarter valued at about $126,000. UBS Group AG grew its stake in shares of EVE by 55.6% during the first quarter. UBS Group AG now owns 25,384 shares of the company’s stock valued at $184,000 after acquiring an additional 9,068 shares in the last quarter. Finally, Wellspring Financial Advisors LLC grew its stake in shares of EVE by 240.5% during the first quarter. Wellspring Financial Advisors LLC now owns 85,689 shares of the company’s stock valued at $620,000 after acquiring an additional 60,526 shares in the last quarter.

About EVE

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Eve Holding, Inc develops urban air mobility solutions. It is involved in the design and production of eVTOLs; provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.