Ieq Capital LLC Purchases Shares of 272,962 Eve Holding, Inc. $EVEX

Ieq Capital LLC purchased a new stake in Eve Holding, Inc. (NYSE:EVEX) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 272,962 shares of the company’s stock, valued at approximately $685,000.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of EVE during the second quarter worth $17,742,000. Pallas Capital Advisors LLC acquired a new position in EVE in the 2nd quarter worth $30,000. Deutsche Bank AG bought a new position in EVE during the 2nd quarter worth about $248,000. Bank of New York Mellon Corp bought a new position in EVE during the 2nd quarter worth about $564,000. Finally, State of Wyoming acquired a new stake in shares of EVE in the 2nd quarter valued at about $118,000. Institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group set a $5.00 price target on EVE in a report on Wednesday, August 5th. Wall Street Zen upgraded EVE from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Canaccord Genuity Group reduced their price target on EVE from $7.50 to $7.25 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EVE from $6.00 to $6.50 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.93.

EVE Trading Up 0.2%

EVE stock opened at $2.40 on Friday. The company has a market cap of $838.12 million, a price-to-earnings ratio of -3.88 and a beta of 1.14. The firm has a 50-day moving average of $2.53 and a 200-day moving average of $2.77. The company has a debt-to-equity ratio of 13.65, a current ratio of 3.48 and a quick ratio of 3.48. Eve Holding, Inc. has a one year low of $2.10 and a one year high of $5.16.

EVE (NYSE:EVEX) last released its earnings results on Tuesday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.08. On average, equities analysts expect that Eve Holding, Inc. will post -0.69 earnings per share for the current fiscal year.

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.