Goldman Sachs Group Inc. Buys New Position in Vertical Aerospace Ltd. $EVTL

Goldman Sachs Group Inc. purchased a new position in Vertical Aerospace Ltd. (NYSE:EVTL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,305 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Inherent Management Corp. bought a new position in Vertical Aerospace in the first quarter worth approximately $1,109,000. Jane Street Group LLC bought a new position in Vertical Aerospace in the fourth quarter worth approximately $300,000. Bank of America Corp DE bought a new position in Vertical Aerospace in the fourth quarter worth approximately $264,000. Finally, XTX Topco Ltd bought a new position in Vertical Aerospace in the first quarter worth approximately $131,000. Institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Price Performance

Vertical Aerospace stock opened at $5.35 on Tuesday. Vertical Aerospace Ltd. has a one year low of $2.76 and a one year high of $15.99. The business has a fifty day moving average price of $5.41 and a 200-day moving average price of $5.01. The firm has a market capitalization of $527.23 million, a P/E ratio of -0.11 and a beta of 1.24.

Vertical Aerospace (NYSE:EVTL) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($1.92). Sell-side analysts expect that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen lowered Vertical Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. HC Wainwright reissued a “buy” rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research note on Thursday, September 18th. Cantor Fitzgerald initiated coverage on Vertical Aerospace in a research note on Friday, August 22nd. They issued an “overweight” rating and a $8.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price objective on shares of Vertical Aerospace in a research note on Thursday, September 18th. Finally, D. Boral Capital reissued a “buy” rating and issued a $15.00 price objective on shares of Vertical Aerospace in a research note on Thursday, September 18th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.43.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.