EVe Mobility Acquisition (NYSE:EVE) Price Target Lowered to $5.00 at JPMorgan Chase & Co.

EVe Mobility Acquisition (NYSE:EVE) had its target price decreased by JPMorgan Chase & Co. from $5.50 to $5.00 in a report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

EVe Mobility Acquisition Price Performance

EVE stock opened at $11.30 on Tuesday. EVe Mobility Acquisition has a twelve month low of $10.63 and a twelve month high of $12.03. The business’s fifty day moving average is $11.11 and its 200-day moving average is $11.08.

Institutional Trading of EVe Mobility Acquisition

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of EVe Mobility Acquisition during the first quarter worth $237,000. Mizuho Securities USA LLC acquired a new stake in shares of EVe Mobility Acquisition during the first quarter worth $757,000. Periscope Capital Inc. boosted its stake in EVe Mobility Acquisition by 41.9% in the 1st quarter. Periscope Capital Inc. now owns 363,166 shares of the company’s stock worth $3,975,000 after purchasing an additional 107,296 shares during the period. Finally, Berkley W R Corp increased its holdings in EVe Mobility Acquisition by 15.9% during the 2nd quarter. Berkley W R Corp now owns 902,147 shares of the company’s stock worth $10,023,000 after purchasing an additional 123,975 shares in the last quarter.

EVe Mobility Acquisition Company Profile

EVe Mobility Acquisition Corp does not have significant operations. The company focuses on effectuating a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on the automotive and mobility industry.