Lilium’s (LILM) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Lilium (NASDAQ:LILM) in a research note published on Thursday morning, Benzinga reports. They currently have a $2.00 price objective on the stock.

Lilium Price Performance

LILM stock opened at $0.79 on Thursday. The firm has a fifty day moving average price of $0.94 and a 200 day moving average price of $0.96. Lilium has a fifty-two week low of $0.60 and a fifty-two week high of $1.90.

Hedge Funds Weigh In On Lilium

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AWM Investment Company Inc. bought a new position in shares of Lilium in the 3rd quarter valued at about $1,609,000. Longitude Cayman Ltd. increased its position in shares of Lilium by 20.5% during the 1st quarter. Longitude Cayman Ltd. now owns 1,350,000 shares of the company’s stock valued at $1,296,000 after purchasing an additional 230,000 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in Lilium during the 4th quarter valued at $289,000. Quadrature Capital Ltd bought a new stake in Lilium in the fourth quarter worth $280,000. Finally, Freestone Capital Holdings LLC bought a new position in Lilium during the first quarter valued at $55,000. 8.30% of the stock is owned by hedge funds and other institutional investors.

About Lilium

Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.