Canaccord Genuity Group reissued their hold rating on shares of Lilium (NASDAQ:LILM - Free Report) in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a $0.70 price target on the stock, down from their prior price target of $1.85.
Separately, Cantor Fitzgerald reiterated an "overweight" rating and issued a $2.00 price objective on shares of Lilium in a report on Monday, September 30th.
Get Our Latest Analysis on LILM
Lilium Stock Performance
Shares of LILM stock traded down $0.16 on Thursday, reaching $0.58. 27,734,549 shares of the stock were exchanged, compared to its average volume of 3,162,510. The business's 50 day moving average price is $0.75 and its 200 day moving average price is $0.86. Lilium has a twelve month low of $0.52 and a twelve month high of $1.41.
Institutional Investors Weigh In On Lilium
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in Lilium in the second quarter valued at $25,000. Virtu Financial LLC purchased a new position in Lilium during the 1st quarter worth approximately $32,000. Warberg Asset Management LLC acquired a new position in Lilium during the second quarter worth approximately $27,000. Financial Designs Corp purchased a new stake in Lilium in the second quarter valued at approximately $32,000. Finally, Freestone Capital Holdings LLC purchased a new stake in Lilium in the first quarter valued at approximately $55,000. 8.30% of the stock is currently owned by institutional investors and hedge funds.
About Lilium
(
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Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.
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