Lilium (NASDAQ:LILM) Given “Overweight” Rating at Cantor Fitzgerald

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

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

Lilium Price Performance

Lilium stock opened at $0.77 on Monday. The company’s fifty day moving average price is $0.78 and its 200 day moving average price is $0.88. Lilium has a 1 year low of $0.60 and a 1 year high of $1.41.

Institutional Trading of Lilium

A number of institutional investors have recently made changes to their positions in the company. Longitude Cayman Ltd. lifted its holdings in 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 purchasing an additional 164,672 shares in the last quarter. RS Crum Inc. purchased a new position in shares of Lilium in the second quarter worth about $328,000. Quadrature Capital Ltd acquired a new position in Lilium during the fourth quarter worth about $280,000. Freestone Capital Holdings LLC acquired a new position in Lilium during the first quarter worth about $55,000. Finally, Financial Designs Corp purchased a new stake in Lilium during the 2nd quarter valued at 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.