Warberg Asset Management LLC Invests $27,000 in Lilium (NASDAQ:LILM)

Warberg Asset Management LLC bought a new position in shares of Lilium (NASDAQ:LILM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,500 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RS Crum Inc. bought a new position in Lilium in the second quarter valued at approximately $328,000. Longitude Cayman Ltd. grew its stake in shares of Lilium by 12.2% in the second quarter. Longitude Cayman Ltd. now owns 1,514,672 shares of the company’s stock valued at $1,204,000 after buying an additional 164,672 shares in the last quarter. Financial Designs Corp acquired a new position in Lilium during the second quarter worth $32,000. Virtu Financial LLC bought a new stake in Lilium during the first quarter worth $32,000. Finally, Freestone Capital Holdings LLC bought a new position in shares of Lilium in the 1st quarter valued at about $55,000. 8.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LILM. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2.00 target price on shares of Lilium in a research note on Monday, September 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $2.00 price objective on shares of Lilium in a research report on Thursday, June 27th.

Lilium Price Performance

Shares of LILM opened at $0.78 on Friday. The company’s 50-day moving average is $0.81 and its 200-day moving average is $0.89. Lilium has a fifty-two week low of $0.60 and a fifty-two week high of $1.41.

Lilium 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.