414,632 Shares in Eve Holding, Inc. $EVEX Purchased by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda bought a new stake in shares of Eve Holding, Inc. (NYSE:EVEX) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 414,632 shares of the company’s stock, valued at approximately $1,041,000.

Other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new position in shares of EVE in the 2nd quarter valued at $28,000. Bank of America Corp DE purchased a new stake in EVE in the second quarter valued at $290,000. Jupiter Topco LLC acquired a new stake in shares of EVE during the 2nd quarter worth approximately $150,000. Canada Pension Plan Investment Board purchased a new position in shares of EVE in the 2nd quarter valued at about $356,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in EVE in the 2nd quarter worth $2,761,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EVEX. D. Boral Capital assumed coverage on shares of EVE in a research report on Friday, August 21st. They issued a “buy” rating and a $6.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on EVE from $6.00 to $6.50 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Jefferies Financial Group set a $5.00 price objective on shares of EVE in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of EVE from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.93.

EVE Price Performance

Shares of NYSE EVEX opened at $2.33 on Friday. The company has a debt-to-equity ratio of 13.65, a quick ratio of 3.48 and a current ratio of 3.48. Eve Holding, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $5.16. The firm has a market capitalization of $811.98 million, a PE ratio of -3.76 and a beta of 1.14. The stock’s 50-day simple moving average is $2.52 and its 200-day simple moving average is $2.77.

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