Lilium (NASDAQ:LILM) Earns Neutral Rating from Analysts at Citigroup

Citigroup began coverage on shares of Lilium (NASDAQ:LILM – Get Rating) in a report issued on Tuesday morning, The Fly reports. The firm issued a neutral rating and a $1.00 price objective on the stock.

LILM has been the topic of a number of other research reports. Barclays downgraded Lilium from an equal weight rating to an underweight rating and cut their target price for the stock from $2.00 to $1.00 in a research note on Wednesday, December 7th. Piper Sandler cut their target price on Lilium from $9.00 to $7.00 and set an overweight rating on the stock in a research note on Wednesday, December 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Lilium currently has an average rating of Hold and an average target price of $3.50.

Lilium Stock Performance

Shares of NASDAQ LILM opened at $0.81 on Tuesday. Lilium has a twelve month low of $0.80 and a twelve month high of $5.52. The stock’s 50 day moving average price is $1.15 and its 200-day moving average price is $1.53.

Institutional Investors Weigh In On Lilium

A number of hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Lilium by 1.9% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 331,050 shares of the company’s stock worth $755,000 after purchasing an additional 6,030 shares during the period. Goldman Sachs Group Inc. raised its holdings in Lilium by 29.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 34,335 shares of the company’s stock valued at $81,000 after acquiring an additional 7,723 shares during the period. Resources Investment Advisors LLC. bought a new stake in Lilium during the 2nd quarter valued at $26,000. Cantor Fitzgerald L. P. bought a new stake in Lilium during the 3rd quarter valued at $29,000. Finally, Advisor Group Holdings Inc. raised its holdings in Lilium by 126.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 24,775 shares of the company’s stock valued at $98,000 after acquiring an additional 13,820 shares during the period. Institutional investors own 12.19% of the company’s stock.

Lilium Company Profile

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Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts for use in high-speed air transport system for people and goods. Lilium N.V. was incorporated in 2015 and is headquartered in Wessling, Germany.