Walleye Capital LLC lowered its stake in shares of Vertical Aerospace Ltd. (NYSE:EVTL - Free Report) by 76.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 57,129 shares of the company's stock after selling 189,932 shares during the period. Walleye Capital LLC owned approximately 0.08% of Vertical Aerospace worth $719,000 as of its most recent SEC filing.
Separately, Mudrick Capital Management L.P. boosted its position in shares of Vertical Aerospace by 11,735.9% during the fourth quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock valued at $595,582,000 after buying an additional 46,943,585 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have weighed in on EVTL. D. Boral Capital began coverage on Vertical Aerospace in a research note on Thursday, March 27th. They set a "buy" rating and a $15.00 price objective on the stock. Canaccord Genuity Group dropped their target price on shares of Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, HC Wainwright started coverage on Vertical Aerospace in a research report on Friday, February 7th. They set a "buy" rating and a $12.00 price target for the company. One 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.10.
View Our Latest Analysis on EVTL
Vertical Aerospace Stock Performance
Shares of EVTL stock opened at $3.26 on Tuesday. The company has a 50 day moving average of $3.90 and a 200-day moving average of $5.99. Vertical Aerospace Ltd. has a 12-month low of $2.76 and a 12-month high of $15.99.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.74) by ($45.51). On average, sell-side analysts forecast that Vertical Aerospace Ltd. will post -3.95 EPS for the current year.
About Vertical Aerospace
(
Free Report)
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.
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