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

Lilium (NASDAQ:LILM)‘s stock had its “hold” rating reissued by investment analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $0.70 price target on the stock, down from their prior price target of $1.85. Canaccord Genuity Group’s price objective indicates a potential upside of 43.47% from the company’s previous close.

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

Lilium Stock Down 15.2 %

NASDAQ:LILM opened at $0.49 on Thursday. Lilium has a 1-year low of $0.46 and a 1-year high of $1.41. The company has a 50-day moving average of $0.74 and a 200 day moving average of $0.85.

Institutional Trading of Lilium

Institutional investors have recently modified their holdings of the company. RS Crum Inc. purchased a new stake in Lilium during the second quarter valued at approximately $328,000. Quadrature Capital Ltd purchased a new stake in shares of Lilium during the 4th quarter valued at $280,000. Longitude Cayman Ltd. boosted its position 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 in the last quarter. Freestone Capital Holdings LLC purchased a new position in Lilium during the 1st quarter worth $55,000. Finally, Financial Designs Corp acquired a new position in Lilium during the 2nd quarter valued at about $32,000. 8.30% of the stock is currently owned by 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.