Lilium (NASDAQ:LILM) Earns “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Lilium (NASDAQ:LILM) in a research note published on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $2.00 price target on the stock.

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

Lilium Trading Up 2.4 %

Lilium stock opened at $0.75 on Monday. Lilium has a 12-month low of $0.60 and a 12-month high of $1.41. The firm’s fifty day moving average is $0.78 and its 200 day moving average is $0.88.

Hedge Funds Weigh In On Lilium

A number of institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in Lilium in the 2nd quarter valued at $25,000. Warberg Asset Management LLC bought a new position in shares of Lilium in the second quarter valued at $27,000. RS Crum Inc. acquired a new position in shares of Lilium during the second quarter valued at about $328,000. Longitude Cayman Ltd. increased its position in shares of Lilium by 12.2% during the second quarter. Longitude Cayman Ltd. now owns 1,514,672 shares of the company’s stock worth $1,204,000 after acquiring an additional 164,672 shares in the last quarter. Finally, Financial Designs Corp bought a new stake in shares of Lilium during the second quarter worth about $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.