UBS Group AG lifted its holdings in shares of Eve Holding, Inc. (NYSE:EVEX – Free Report) by 56.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 799,049 shares of the company’s stock after acquiring an additional 289,813 shares during the period. UBS Group AG’s holdings in EVE were worth $3,188,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of EVEX. BNP Paribas Financial Markets grew its stake in shares of EVE by 144.8% during the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after acquiring an additional 3,121 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of EVE during the third quarter worth about $42,000. SG Americas Securities LLC purchased a new stake in shares of EVE during the fourth quarter worth about $45,000. AXQ Capital LP grew its stake in shares of EVE by 32.6% during the third quarter. AXQ Capital LP now owns 14,211 shares of the company’s stock worth $54,000 after acquiring an additional 3,490 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of EVE during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Canaccord Genuity Group dropped their target price on EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald dropped their target price on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.42.
EVE Stock Down 0.2%
EVEX stock opened at $3.05 on Monday. The firm’s fifty day simple moving average is $2.78 and its 200-day simple moving average is $3.55. The company has a market capitalization of $1.06 billion, a P/E ratio of -4.17 and a beta of 1.04. The company has a debt-to-equity ratio of 5.45, a current ratio of 3.80 and a quick ratio of 3.80. Eve Holding, Inc. has a 12 month low of $2.34 and a 12 month high of $7.70.
EVE (NYSE:EVEX – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). As a group, equities research analysts forecast that Eve Holding, Inc. will post -0.73 earnings per share for the current year.
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.
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