Shares of Eve Holding, Inc. (NYSE:EVEX – Get Free Report) saw strong trading volume on Wednesday . 34,225 shares were traded during trading, a decline of 49% from the previous session’s volume of 66,695 shares.The stock last traded at $2.81 and had previously closed at $2.73.
Analysts Set New Price Targets
A number of brokerages have commented on EVEX. Cantor Fitzgerald raised shares of EVE from a “neutral” rating to an “overweight” rating and cut their price target for the company from $7.00 to $5.00 in a research report on Wednesday. Canaccord Genuity Group decreased their target price on EVE from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Tuesday, July 2nd.
Get Our Latest Stock Report on EVEX
EVE Stock Down 3.3 %
EVE (NYSE:EVEX – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.13). On average, analysts anticipate that Eve Holding, Inc. will post -0.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On EVE
A hedge fund recently raised its stake in EVE stock. Strs Ohio grew its stake in Eve Holding, Inc. (NYSE:EVEX – Free Report) by 3,883.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,800 shares of the company’s stock after purchasing an additional 46,600 shares during the quarter. Strs Ohio’s holdings in EVE were worth $349,000 at the end of the most recent reporting period. 1.27% of the stock is currently owned by institutional investors and hedge funds.
EVE Company Profile
Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (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.
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