Franklin Resources Inc. Invests $53,000 in Eve Holding, Inc. (NYSE:EVEX)

Franklin Resources Inc. acquired a new position in shares of Eve Holding, Inc. (NYSE:EVEX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,604 shares of the company’s stock, valued at approximately $53,000.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of EVE during the third quarter valued at approximately $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in EVE during the 3rd quarter valued at $40,000. State Street Corp increased its holdings in shares of EVE by 3.8% during the third quarter. State Street Corp now owns 378,123 shares of the company’s stock valued at $1,225,000 after purchasing an additional 13,700 shares during the period. Readystate Asset Management LP bought a new stake in shares of EVE during the third quarter valued at about $83,000. Finally, Barclays PLC lifted its holdings in EVE by 594.1% in the third quarter. Barclays PLC now owns 43,931 shares of the company’s stock worth $141,000 after purchasing an additional 37,602 shares during the period. Institutional investors own 1.27% of the company’s stock.

EVE Stock Performance

Shares of EVEX opened at $5.30 on Friday. Eve Holding, Inc. has a 12-month low of $2.33 and a 12-month high of $7.49. The stock has a market capitalization of $1.58 billion, a P/E ratio of -11.04 and a beta of 0.53. The firm’s 50 day moving average is $4.02 and its 200-day moving average is $3.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21.

EVE (NYSE:EVEX) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. During the same period in the prior year, the firm posted ($0.11) earnings per share. Equities research analysts anticipate that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on EVEX shares. TD Cowen upgraded shares of EVE to a “hold” rating in a research report on Thursday, December 19th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 target price on shares of EVE in a report on Tuesday, November 5th. Finally, Canaccord Genuity Group increased their price target on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 2nd.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.