Eve Holding, Inc. (NYSE:EVEX) Given Average Rating of “Hold” by Brokerages

Shares of Eve Holding, Inc. (NYSE:EVEX) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.0225.

EVEX has been the subject of a number of research analyst reports. Canaccord Genuity Group cut their price objective on shares of EVE from $7.50 to $7.25 and set a “buy” rating for the company in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a report on Tuesday, July 21st.

EVE Stock Performance

NYSE:EVEX opened at $2.31 on Tuesday. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 5.45. EVE has a 12-month low of $2.10 and a 12-month high of $6.89. The stock has a 50-day moving average price of $2.67 and a 200 day moving average price of $2.98. The stock has a market capitalization of $802.83 million, a P/E ratio of -3.16 and a beta of 1.13.

EVE (NYSE:EVEX) last issued its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Equities research analysts forecast that EVE will post -0.73 EPS for the current fiscal year.

Institutional Trading of EVE

Several hedge funds have recently bought and sold shares of the stock. UBS Group AG grew its position in shares of EVE by 56.9% during the fourth quarter. UBS Group AG now owns 799,049 shares of the company’s stock valued at $3,188,000 after purchasing an additional 289,813 shares in the last quarter. BW Gestao de Investimentos Ltda. increased its holdings in shares of EVE by 49.7% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 3,686,140 shares of the company’s stock worth $14,708,000 after purchasing an additional 1,223,719 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of EVE in the fourth quarter worth about $2,471,000. Deltec Asset Management LLC purchased a new stake in shares of EVE in the first quarter worth about $33,000. Finally, J. Derek Lewis & Associates Inc. purchased a new stake in shares of EVE in the fourth quarter worth about $128,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

EVE Company Profile

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.