5,000 Shares in Archer Aviation Inc. (NYSE:ACHR) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in Archer Aviation Inc. (NYSE:ACHR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,000 shares of the company’s stock, valued at approximately $49,000.

Several other large investors have also made changes to their positions in ACHR. HBK Investments L P purchased a new position in shares of Archer Aviation in the 3rd quarter worth $6,818,000. Sora Investors LLC purchased a new position in Archer Aviation in the third quarter valued at about $3,429,000. Yarbrough Capital LLC purchased a new position in Archer Aviation in the fourth quarter valued at about $6,039,000. Stifel Financial Corp raised its position in Archer Aviation by 574.5% in the third quarter. Stifel Financial Corp now owns 459,171 shares of the company’s stock valued at $1,391,000 after purchasing an additional 391,092 shares during the period. Finally, Barclays PLC raised its position in Archer Aviation by 272.7% in the third quarter. Barclays PLC now owns 427,023 shares of the company’s stock valued at $1,294,000 after purchasing an additional 312,440 shares during the period. 59.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Adam D. Goldstein purchased 19,762 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were bought at an average price of $5.12 per share, for a total transaction of $101,181.44. Following the completion of the purchase, the chief executive officer now owns 2,014,890 shares of the company’s stock, valued at $10,316,236.80. This trade represents a 0.99 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deborah Diaz purchased 5,150 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of $7.48 per share, for a total transaction of $38,522.00. Following the acquisition, the director now owns 98,886 shares of the company’s stock, valued at approximately $739,667.28. The trade was a 5.49 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 776,791 shares of company stock worth $5,139,699 and sold 1,862,899 shares worth $12,201,707. Insiders own 9.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ACHR shares. Cantor Fitzgerald raised their price objective on Archer Aviation from $10.00 to $13.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Canaccord Genuity Group raised their price objective on Archer Aviation from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price objective on shares of Archer Aviation in a research report on Thursday, January 16th. HC Wainwright reissued a “buy” rating and issued a $12.50 price objective on shares of Archer Aviation in a research report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Archer Aviation from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.38.

Archer Aviation Stock Down 9.0 %

Shares of Archer Aviation stock opened at $9.29 on Wednesday. The business has a 50-day moving average of $9.30 and a 200-day moving average of $5.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.03 and a quick ratio of 6.03. The company has a market capitalization of $3.95 billion, a PE ratio of -7.03 and a beta of 3.13. Archer Aviation Inc. has a 1-year low of $2.82 and a 1-year high of $12.48.

Archer Aviation Company Profile

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.