Lilium’s (LILM) “Hold” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their hold rating on shares of Lilium (NASDAQ:LILM) in a research report report published on Thursday, Benzinga reports. The brokerage currently has a $0.70 target price on the stock, down from their prior target price of $1.85.

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

Lilium Stock Down 21.3 %

Shares of LILM opened at $0.58 on Thursday. Lilium has a fifty-two week low of $0.52 and a fifty-two week high of $1.41. The firm’s 50 day moving average price is $0.75 and its 200 day moving average price is $0.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in Lilium during the 2nd quarter worth approximately $25,000. Warberg Asset Management LLC acquired a new position in shares of Lilium in the 2nd quarter valued at $27,000. RS Crum Inc. acquired a new position in shares of Lilium in the 2nd quarter valued at $328,000. Longitude Cayman Ltd. boosted its holdings in shares of Lilium by 12.2% in the 2nd 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. Finally, Financial Designs Corp acquired a new position in shares of Lilium in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 8.30% of the company’s stock.

Lilium Company 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.