EVE’s (EVEX) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of EVE (NYSE:EVEX) in a report released on Wednesday,Benzinga reports. The firm currently has a $6.00 price objective on the stock. HC Wainwright also issued estimates for EVE’s Q1 2025 earnings at ($0.14) EPS and FY2029 earnings at $0.12 EPS.

Several other equities research analysts also recently issued reports on EVEX. TD Cowen upgraded EVE to a “hold” rating in a research report on Thursday, December 19th. Canaccord Genuity Group increased their target price on EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd.

EVE Price Performance

EVE stock opened at $3.19 on Wednesday. The company has a market cap of $948.00 million, a price-to-earnings ratio of -6.64 and a beta of 0.45. The business’s 50 day simple moving average is $4.54 and its 200 day simple moving average is $3.91. EVE has a 12 month low of $2.33 and a 12 month high of $6.09. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42.

EVE (NYSE:EVEX) last posted its earnings results on Friday, March 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.01. Sell-side analysts forecast that EVE will post -0.5 EPS for the current year.

Institutional Investors Weigh In On EVE

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in EVE by 65.4% in the third quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock valued at $2,754,000 after acquiring an additional 336,133 shares during the last quarter. Northern Trust Corp increased its stake in EVE by 89.7% in the fourth quarter. Northern Trust Corp now owns 420,000 shares of the company’s stock valued at $2,285,000 after acquiring an additional 198,627 shares during the last quarter. JPMorgan Chase & Co. increased its stake in EVE by 380.2% in the fourth quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company’s stock valued at $1,014,000 after acquiring an additional 147,632 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in EVE by 63.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock valued at $1,078,000 after acquiring an additional 129,300 shares during the last quarter. Finally, Connective Capital Management LLC bought a new position in EVE in the fourth quarter valued at $500,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.