Renaissance Technologies LLC Buys Shares of 344,223 Eve Holding, Inc. $EVEX

Renaissance Technologies LLC purchased a new stake in shares of Eve Holding, Inc. (NYSE:EVEX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 344,223 shares of the company’s stock, valued at approximately $854,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. R Squared Ltd bought a new position in shares of EVE in the 1st quarter worth approximately $30,000. Deltec Asset Management LLC bought a new stake in EVE during the first quarter valued at approximately $33,000. BNP Paribas Financial Markets grew its position in EVE by 144.8% during the second 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 during the period. Schonfeld Strategic Advisors LLC purchased a new stake in EVE during the third quarter valued at approximately $42,000. Finally, SG Americas Securities LLC increased its holdings in EVE by 52.3% during the first quarter. SG Americas Securities LLC now owns 17,001 shares of the company’s stock valued at $42,000 after buying an additional 5,840 shares during the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EVEX. Canaccord Genuity Group dropped their price target on shares of EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a report on Tuesday, July 21st. Jefferies Financial Group set a $5.00 target price on EVE in a research report on Wednesday, August 5th. Wall Street Zen raised EVE from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. raised their price objective on EVE from $6.00 to $6.50 and gave the stock an “overweight” rating in a research note on Wednesday. Three investment 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 currently has an average rating of “Hold” and a consensus price target of $5.92.

EVE Stock Down 2.3%

EVEX opened at $2.73 on Friday. The company has a market capitalization of $953.12 million, a PE ratio of -4.41 and a beta of 1.14. The firm has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $2.86. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 13.65. Eve Holding, Inc. has a 52 week low of $2.10 and a 52 week high of $5.16.

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