344,223 Shares in Eve Holding, Inc. $EVEX Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in shares of Eve Holding, Inc. (NYSE:EVEX) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 344,223 shares of the company’s stock, valued at approximately $854,000. Renaissance Technologies LLC owned 0.10% of EVE at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of EVE by 144.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after buying an additional 3,121 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in EVE during the second quarter worth about $69,000. Schonfeld Strategic Advisors LLC bought a new stake in EVE during the third quarter worth about $42,000. SG Americas Securities LLC purchased a new stake in EVE in the fourth quarter worth about $45,000. Finally, R Squared Ltd purchased a new stake in EVE in the first quarter worth about $30,000. 1.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of EVE from $6.00 to $6.50 and gave the company an “overweight” rating in a research note on Wednesday. Wall Street Zen raised EVE from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research note on Tuesday, July 21st. Canaccord Genuity Group reduced their price objective on EVE from $7.50 to $7.25 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group set a $5.00 price objective on EVE in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, EVE presently has an average rating of “Hold” and an average target price of $5.92.

EVE Price Performance

NYSE EVEX opened at $2.73 on Friday. The stock has a 50-day moving average of $2.57 and a 200 day moving average of $2.86. The company has a debt-to-equity ratio of 13.65, a quick ratio of 3.48 and a current ratio of 3.48. The company has a market capitalization of $953.12 million, a price-to-earnings ratio of -4.41 and a beta of 1.14. Eve Holding, Inc. has a one year low of $2.10 and a one year high of $5.16.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. On average, sell-side analysts forecast that Eve Holding, Inc. will post -0.69 EPS for the current year.

About EVE

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.