Archer Aviation Inc. (NYSE:ACHR – Get Free Report) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.00.
Several equities analysts recently commented on ACHR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Archer Aviation in a research note on Wednesday, January 21st. The Goldman Sachs Group began coverage on shares of Archer Aviation in a research report on Monday, December 1st. They issued a “neutral” rating and a $11.00 price target on the stock. Canaccord Genuity Group upped their price objective on shares of Archer Aviation from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Archer Aviation in a research note on Monday, November 24th. Finally, Needham & Company LLC decreased their target price on Archer Aviation from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd.
Check Out Our Latest Report on Archer Aviation
Archer Aviation Stock Performance
Archer Aviation (NYSE:ACHR – Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The firm had revenue of $0.30 million during the quarter, compared to the consensus estimate of $1.40 million. Archer Aviation’s revenue was up 29900.0% compared to the same quarter last year. On average, equities analysts expect that Archer Aviation will post -1.32 EPS for the current year.
Insider Transactions at Archer Aviation
In other news, insider Tosha Perkins sold 54,786 shares of Archer Aviation stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $6.46, for a total transaction of $353,917.56. Following the sale, the insider owned 377,022 shares of the company’s stock, valued at approximately $2,435,562.12. This trade represents a 12.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric Lentell sold 37,390 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $6.46, for a total value of $241,539.40. Following the sale, the insider owned 139,483 shares in the company, valued at approximately $901,060.18. This represents a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 344,899 shares of company stock worth $2,420,548. 7.65% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Archer Aviation
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Archer Aviation by 45.8% during the 3rd quarter. Vanguard Group Inc. now owns 52,363,259 shares of the company’s stock worth $501,640,000 after purchasing an additional 16,452,398 shares in the last quarter. Norges Bank acquired a new position in Archer Aviation in the fourth quarter valued at about $58,494,000. Man Group plc grew its stake in Archer Aviation by 13,793.3% during the second quarter. Man Group plc now owns 4,212,722 shares of the company’s stock worth $45,708,000 after buying an additional 4,182,400 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Archer Aviation by 423.3% during the fourth quarter. BNP Paribas Financial Markets now owns 5,126,217 shares of the company’s stock worth $38,549,000 after buying an additional 4,146,574 shares during the last quarter. Finally, ARK Investment Management LLC increased its holdings in shares of Archer Aviation by 12.4% during the fourth quarter. ARK Investment Management LLC now owns 35,170,701 shares of the company’s stock worth $264,484,000 after buying an additional 3,869,252 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.
Archer Aviation News Summary
Here are the key news stories impacting Archer Aviation this week:
- Positive Sentiment: Inclusion in the federal eVTOL pilot program and broader FAA pilot tests across 26 states improves near‑term operational pathways and boosted industry investor interest. Read More.
- Positive Sentiment: Market reaction to selections for the White House/Federal Aviation pilot program lifted Archer (and peers); coverage notes this creates concrete route/regulatory access in NY, FL and TX. Read More.
- Neutral Sentiment: Analyst and media pieces emphasize milestone progress but repeatedly warn about high valuation and multi‑year cash burn — useful context that may temper near‑term enthusiasm. Read More.
- Negative Sentiment: Archer filed counterclaims against Joby alleging concealed China ties and fraud; the dispute escalates legal risk, management distraction and potential litigation costs. Read More.
- Negative Sentiment: Needham trimmed its price target to $9, signaling more cautious near‑term expectations from at least one broker and limiting upside momentum. Read More.
- Negative Sentiment: Multiple insiders sold shares (CFO, CTO, other officers) in early March; concentrated insider selling can sap investor confidence even if routine. Read More.
- Negative Sentiment: Reports of a prospectus to issue shares to vendors and ongoing capital needs raise dilution risk — a material equity issuance would weigh on the stock. Read More.
- Negative Sentiment: Zacks and others note Archer has underperformed peers over the past year amid minimal revenues and execution risk, reinforcing cautious sentiment among investors. Read More.
About Archer Aviation
Archer Aviation, Inc (NYSE: ACHR) is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company’s flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.
Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.
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