Vertical Aerospace (NYSE:EVTL) Now Covered by D. Boral Capital

D. Boral Capital began coverage on shares of Vertical Aerospace (NYSE:EVTL - Free Report) in a research report sent to investors on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $15.00 price target on the stock.

EVTL has been the subject of several other research reports. Canaccord Genuity Group dropped their price target on Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating for the company in a research report on Friday, January 24th. HC Wainwright started coverage on Vertical Aerospace in a report on Friday, February 7th. They issued a "buy" rating and a $12.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Vertical Aerospace from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.10.

Vertical Aerospace Stock Up 1.7 %

Shares of EVTL traded up $0.06 during mid-day trading on Thursday, hitting $3.47. 117,641 shares of the stock were exchanged, compared to its average volume of 159,026. The firm has a 50-day moving average of $4.80 and a two-hundred day moving average of $10.43. Vertical Aerospace has a 52-week low of $3.16 and a 52-week high of $15.99.

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Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported ($46.25) EPS for the quarter, missing the consensus estimate of ($0.74) by ($45.51). As a group, equities analysts expect that Vertical Aerospace will post -3.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EVTL. Mudrick Capital Management L.P. boosted its holdings in Vertical Aerospace by 11,735.9% during the 4th quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock valued at $595,582,000 after acquiring an additional 46,943,585 shares during the period. Marshall Wace LLP purchased a new stake in shares of Vertical Aerospace during the fourth quarter valued at $630,000. Jane Street Group LLC bought a new position in shares of Vertical Aerospace in the fourth quarter worth about $300,000. Bank of America Corp DE purchased a new position in Vertical Aerospace in the 4th quarter worth about $264,000. Finally, Renaissance Technologies LLC bought a new stake in Vertical Aerospace during the 4th quarter valued at about $237,000. Institutional investors own 81.17% of the company's stock.

Vertical Aerospace Company Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.