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

Eve Holding, Inc. (NYSE:EVEX – Get 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:EVEX – Get 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

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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.