Lilium (NASDAQ:LILM) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of Lilium (NASDAQ:LILM) in a report released on Thursday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a $0.70 target price on the stock, down from their previous target price of $1.85.

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $2.00 target price on shares of Lilium in a research report on Monday, September 30th.

Lilium Trading Down 15.2 %

Shares of LILM stock opened at $0.49 on Thursday. The stock has a fifty day simple moving average of $0.74 and a two-hundred day simple moving average of $0.85. Lilium has a 52-week low of $0.46 and a 52-week high of $1.41.

Institutional Trading of Lilium

Several hedge funds have recently made changes to their positions in the business. RS Crum Inc. purchased a new position in Lilium in the second quarter worth about $328,000. Quadrature Capital Ltd bought a new stake in shares of Lilium in the 4th quarter valued at approximately $280,000. Longitude Cayman Ltd. boosted its holdings in shares of Lilium by 20.5% in the 1st quarter. Longitude Cayman Ltd. now owns 1,350,000 shares of the company’s stock worth $1,296,000 after purchasing an additional 230,000 shares during the period. Freestone Capital Holdings LLC bought a new position in shares of Lilium during the 1st quarter valued at approximately $55,000. Finally, Financial Designs Corp purchased a new stake in Lilium during the 2nd quarter valued at $32,000. 8.30% of the stock is currently owned by hedge funds and other institutional investors.

About Lilium

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.