Shares of Eve Holding, Inc. (NYSE:EVEX – Get Free Report) dropped 10.3% on Monday . The company traded as low as $2.66 and last traded at $2.69. Approximately 56,545 shares traded hands during trading, a decline of 14% from the average daily volume of 65,386 shares. The stock had previously closed at $3.00.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their target price on shares of EVE from $9.00 to $8.50 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Cantor Fitzgerald upgraded shares of EVE from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $7.00 to $5.00 in a research note on Wednesday.
Get Our Latest Stock Report on EVE
EVE Stock Performance
EVE (NYSE:EVEX – Get Free Report) last announced its earnings results 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, sell-side analysts predict that Eve Holding, Inc. will post -0.52 earnings per share for the current fiscal year.
Institutional Trading of EVE
A hedge fund recently raised its stake in EVE stock. Strs Ohio grew its position in Eve Holding, Inc. (NYSE:EVEX – Free Report) by 3,883.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,800 shares of the company’s stock after acquiring an additional 46,600 shares during the period. Strs Ohio’s holdings in EVE were worth $349,000 at the end of the most recent quarter. Institutional investors own 1.27% of the company’s stock.
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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