EVE (NYSE:EVEX) Price Target Raised to $8.00 at HC Wainwright

EVE (NYSE:EVEX) had its price target upped by HC Wainwright from $6.00 to $8.00 in a research report report published on Monday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 price target on shares of EVE in a report on Friday, March 14th.

EVE Price Performance

EVEX opened at $5.64 on Monday. The stock’s 50 day moving average price is $4.09 and its 200-day moving average price is $4.31. EVE has a 52-week low of $2.33 and a 52-week high of $6.09. The stock has a market capitalization of $1.68 billion, a PE ratio of -11.75 and a beta of 0.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21.

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

Institutional Trading of EVE

Several institutional investors and hedge funds have recently modified their holdings of EVEX. American Century Companies Inc. lifted its position in shares of EVE by 1,292.4% in the first quarter. American Century Companies Inc. now owns 379,694 shares of the company’s stock valued at $1,261,000 after acquiring an additional 352,424 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of EVE by 29.0% in the fourth quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company’s stock valued at $5,969,000 after purchasing an additional 246,863 shares in the last quarter. Northern Trust Corp increased its position in EVE by 89.7% in the fourth quarter. Northern Trust Corp now owns 420,000 shares of the company’s stock worth $2,285,000 after purchasing an additional 198,627 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of EVE by 380.2% in the 4th quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company’s stock worth $1,014,000 after buying an additional 147,632 shares in the last quarter. Finally, Swiss National Bank bought a new stake in shares of EVE in the 1st quarter worth about $383,000. 1.27% of the stock is currently owned by 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.