Cantor Fitzgerald Reaffirms Overweight Rating for Lilium (NASDAQ:LILM)

Cantor Fitzgerald restated their overweight rating on shares of Lilium (NASDAQ:LILM) in a research report sent to investors on Monday, Benzinga reports. The firm currently has a $2.00 target price on the stock.

Separately, Canaccord Genuity Group reissued a buy rating and issued a $2.00 price target on shares of Lilium in a report on Thursday, June 27th.

Lilium Price Performance

LILM opened at $0.75 on Monday. The stock’s fifty day moving average is $0.76 and its 200-day moving average is $0.87. Lilium has a one year low of $0.60 and a one year high of $1.41.

Institutional Investors Weigh In On Lilium

A number of institutional investors and hedge funds have recently modified their holdings of LILM. XTX Topco Ltd purchased a new position in Lilium in the 2nd quarter worth about $25,000. Warberg Asset Management LLC acquired a new position in Lilium in the 2nd quarter worth approximately $27,000. RS Crum Inc. purchased a new position in Lilium during the 2nd quarter worth approximately $328,000. Longitude Cayman Ltd. boosted its position 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 worth $1,204,000 after buying an additional 164,672 shares during the period. Finally, Financial Designs Corp purchased a new position in shares of Lilium during the second quarter valued at $32,000. 8.30% of the stock is owned by institutional investors and hedge funds.

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.