EVE (NYSE:EVEX) Shares Gap Down to $9.15

Eve Holding, Inc. (NYSE:EVEXGet Rating) gapped down prior to trading on Friday . The stock had previously closed at $9.15, but opened at $8.59. EVE shares last traded at $8.85, with a volume of 3,325 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EVEX. TD Cowen began coverage on EVE in a report on Monday, April 24th. They issued a “market perform” rating for the company. Cantor Fitzgerald began 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, 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 objective for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, EVE currently has a consensus rating of “Hold” and a consensus price target of $7.43.

EVE Stock Down 4.8 %

The company has a 50 day moving average of $7.23 and a 200 day moving average of $7.44. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -24.89 and a beta of 0.50.

EVE (NYSE:EVEXGet Rating) last announced its quarterly earnings data on Thursday, March 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. As a group, equities research analysts expect that Eve Holding, Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Trading of EVE

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC acquired a new stake in shares of EVE in the first quarter worth $85,000. Cubist Systematic Strategies LLC bought a new position in EVE during the first quarter valued at about $126,000. UBS Group AG raised its holdings in 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 buying an additional 9,068 shares in the last quarter. Finally, Wellspring Financial Advisors LLC increased its stake in shares of EVE by 240.5% in the first quarter. Wellspring Financial Advisors LLC now owns 85,689 shares of the company’s stock worth $620,000 after purchasing an additional 60,526 shares during the period.

About EVE

(Get Rating)

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.

Recommended Stories

Receive News & Ratings for EVE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVE and related companies with MarketBeat.com's FREE daily email newsletter.