Readystate Asset Management LP Invests $83,000 in Eve Holding, Inc. (NYSE:EVEX)

Readystate Asset Management LP bought a new stake in shares of Eve Holding, Inc. (NYSE:EVEX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,662 shares of the company’s stock, valued at approximately $83,000.

Several other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of EVE during the 3rd quarter valued at about $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of EVE during the 3rd quarter worth approximately $40,000. Blair William & Co. IL acquired a new stake in EVE during the 2nd quarter valued at $190,000. Charles Schwab Investment Management Inc. increased its holdings in EVE by 63.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock valued at $1,078,000 after purchasing an additional 129,300 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of EVE by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after buying an additional 34,484 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.

EVE Stock Performance

EVEX stock opened at $4.29 on Friday. Eve Holding, Inc. has a 1 year low of $2.33 and a 1 year high of $7.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The company’s 50-day moving average is $3.36 and its 200-day moving average is $3.49.

EVE (NYSE:EVEX) last posted its earnings results on Monday, November 4th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same quarter in the prior year, the firm posted ($0.11) EPS. Equities analysts anticipate that Eve Holding, Inc. will post -0.5 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on EVEX shares. HC Wainwright began coverage on EVE in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price target on the stock. Canaccord Genuity Group upped their target price on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a research report on Monday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of EVE in a research note on Tuesday, November 5th.

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.