Sabby Management LLC Acquires Shares of 232,458 Eve Holding, Inc. $EVEX

Sabby Management LLC bought a new position in shares of Eve Holding, Inc. (NYSE:EVEX) during the 3rd quarter, Holdings Channel.com reports. The fund bought 232,458 shares of the company’s stock, valued at approximately $886,000. EVE accounts for 1.0% of Sabby Management LLC’s holdings, making the stock its 5th largest holding.

A number of other large investors have also modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after buying an additional 3,121 shares during the period. Canal Insurance CO acquired a new position in EVE during the third quarter worth $38,000. Avidian Wealth Enterprises LLC acquired a new position in EVE during the third quarter worth $49,000. AXQ Capital LP raised its position in EVE by 32.6% in the third quarter. AXQ Capital LP now owns 14,211 shares of the company’s stock worth $54,000 after acquiring an additional 3,490 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in EVE in the second quarter worth $69,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

EVE Price Performance

Shares of NYSE:EVEX opened at $2.76 on Friday. The business’s 50 day simple moving average is $3.63 and its 200-day simple moving average is $4.03. The firm has a market capitalization of $959.57 million, a price-to-earnings ratio of -4.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.21 and a quick ratio of 5.21. Eve Holding, Inc. has a 12 month low of $2.72 and a 12 month high of $7.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EVEX shares. The Goldman Sachs Group assumed coverage on EVE in a report on Monday, December 1st. They issued a “neutral” rating and a $4.84 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a research note on Monday, February 9th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.47.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.