Analysts Set Eve Holding, Inc. (NYSE:EVEX) Price Target at $6.47

Shares of Eve Holding, Inc. (NYSE:EVEX) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.4680.

Several research analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on EVE in a research report on Monday, December 1st. They issued a “neutral” rating and a $4.84 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of EVE in a research note on Monday, February 9th.

Hedge Funds Weigh In On EVE

A number of hedge funds and other institutional investors have recently modified their holdings of EVEX. BNP Paribas Financial Markets increased its holdings in EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after acquiring an additional 3,121 shares during the last quarter. Canal Insurance CO bought a new position in EVE during the third quarter valued at approximately $38,000. B. Riley Wealth Advisors Inc. purchased a new position in EVE during the 2nd quarter valued at approximately $69,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of EVE in the third quarter valued at $42,000. Finally, SG Americas Securities LLC bought a new position in shares of EVE in the 4th quarter valued at about $45,000. Institutional investors own 1.27% of the company’s stock.

EVE Stock Performance

Shares of NYSE:EVEX traded down $0.12 during midday trading on Friday, reaching $2.92. 1,066,418 shares of the company’s stock traded hands, compared to its average volume of 1,011,215. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21. EVE has a one year low of $2.83 and a one year high of $7.70. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -4.49 and a beta of 0.88. The stock has a 50 day moving average of $3.74 and a 200 day moving average of $4.08.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.