IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 121,776 Shares of Archer Aviation Inc. (NYSE:ACHR)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of Archer Aviation Inc. (NYSE:ACHR - Free Report) by 218.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,508 shares of the company's stock after purchasing an additional 121,776 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Archer Aviation were worth $1,731,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ACHR. Aire Advisors LLC increased its stake in Archer Aviation by 16.0% in the fourth quarter. Aire Advisors LLC now owns 14,500 shares of the company's stock valued at $141,000 after acquiring an additional 2,000 shares during the last quarter. Interchange Capital Partners LLC increased its position in shares of Archer Aviation by 8.0% during the 4th quarter. Interchange Capital Partners LLC now owns 26,494 shares of the company's stock valued at $258,000 after purchasing an additional 1,972 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Archer Aviation by 21.4% during the 4th quarter. Vanguard Group Inc. now owns 16,480,190 shares of the company's stock valued at $160,682,000 after buying an additional 2,908,859 shares in the last quarter. LPL Financial LLC lifted its position in Archer Aviation by 154.1% in the 4th quarter. LPL Financial LLC now owns 276,442 shares of the company's stock worth $2,695,000 after buying an additional 167,664 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Archer Aviation in the fourth quarter worth approximately $147,000. 59.34% of the stock is currently owned by institutional investors.

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Insider Activity at Archer Aviation

In other news, insider Tosha Perkins sold 49,273 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $7.70, for a total transaction of $379,402.10. Following the sale, the insider now owns 232,396 shares of the company's stock, valued at $1,789,449.20. This trade represents a 17.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Eric Lentell sold 43,230 shares of Archer Aviation stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $7.70, for a total transaction of $332,871.00. Following the completion of the sale, the general counsel now owns 53,225 shares of the company's stock, valued at $409,832.50. This represents a 44.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 303,985 shares of company stock valued at $2,555,685 over the last 90 days. Corporate insiders own 9.75% of the company's stock.

Archer Aviation Trading Down 1.7 %

NYSE ACHR opened at $7.14 on Tuesday. Archer Aviation Inc. has a 12 month low of $2.82 and a 12 month high of $12.48. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average price is $8.72 and its 200-day moving average price is $6.92. The stock has a market cap of $3.87 billion, a P/E ratio of -5.41 and a beta of 3.14.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.30) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.10. As a group, equities analysts forecast that Archer Aviation Inc. will post -1.32 EPS for the current fiscal year.

Analysts Set New Price Targets

ACHR has been the topic of several analyst reports. Raymond James lifted their price objective on Archer Aviation from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. JPMorgan Chase & Co. downgraded Archer Aviation from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $6.00 to $9.00 in a research report on Friday, January 10th. HC Wainwright restated a "buy" rating and issued a $12.50 target price on shares of Archer Aviation in a report on Friday, February 28th. Cantor Fitzgerald upped their price target on shares of Archer Aviation from $10.00 to $13.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, Needham & Company LLC raised their price target on shares of Archer Aviation from $11.00 to $13.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Archer Aviation currently has a consensus rating of "Moderate Buy" and an average price target of $11.61.

About Archer Aviation

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.