Lilium (NASDAQ:LILM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Lilium (NASDAQ:LILM) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $3.02.

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on Lilium from $1.00 to $1.10 and gave the company a “neutral” rating in a research report on Tuesday, August 22nd. B. Riley started coverage on Lilium in a report on Tuesday, August 1st. They issued a “buy” rating and a $3.00 price target on the stock.

Institutional Investors Weigh In On Lilium

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. bought a new position in Lilium in the second quarter worth approximately $26,000. UBS Group AG grew its stake in Lilium by 15,976.0% in the third quarter. UBS Group AG now owns 16,076 shares of the company’s stock worth $36,000 after purchasing an additional 15,976 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Lilium in the second quarter worth approximately $42,000. Advisor Group Holdings Inc. grew its stake in Lilium by 126.2% in the first quarter. Advisor Group Holdings Inc. now owns 24,775 shares of the company’s stock worth $98,000 after purchasing an additional 13,820 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Lilium in the first quarter worth approximately $106,000. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

Lilium Stock Performance

Shares of LILM stock opened at $0.90 on Thursday. Lilium has a 1 year low of $0.37 and a 1 year high of $1.90. The stock’s 50 day simple moving average is $0.77 and its two-hundred day simple moving average is $1.06.

Lilium Company Profile

Lilium N.V., a transportation company, 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. Lilium N.V. was incorporated in 2015 and is headquartered in Wessling, Germany.