Lilium (NASDAQ:LILM) PT Lowered to $1.85 at Canaccord Genuity Group

Lilium (NASDAQ:LILM) had its target price reduced by Canaccord Genuity Group from $2.00 to $1.85 in a research note issued to investors on Wednesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Cantor Fitzgerald reaffirmed an overweight rating and issued a $2.00 target price on shares of Lilium in a report on Monday, September 30th.

Lilium Stock Up 5.9 %

LILM stock opened at $0.79 on Wednesday. The business’s 50-day moving average is $0.76 and its two-hundred day moving average is $0.87. Lilium has a 1 year low of $0.60 and a 1 year high of $1.41.

Hedge Funds Weigh In On Lilium

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new stake in Lilium during the 4th quarter worth about $280,000. Virtu Financial LLC purchased a new stake in Lilium during the first quarter worth approximately $32,000. Freestone Capital Holdings LLC acquired a new position in Lilium in the first quarter valued at approximately $55,000. Warberg Asset Management LLC acquired a new position in Lilium in the second quarter valued at approximately $27,000. Finally, RS Crum Inc. purchased a new position in Lilium in the second quarter valued at approximately $328,000. Hedge funds and other institutional investors own 8.30% of the company’s stock.

Lilium Company Profile

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.