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Lilium (NASDAQ:LILM) Shares Gap Up to $2.29

Defense World ·  Sep 4, 2022 02:31

Shares of Lilium (NASDAQ:LILM – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at $2.29, but opened at $2.38. Lilium shares last traded at $2.26, with a volume of 9,296 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on LILM. Raymond James began coverage on Lilium in a research note on Wednesday, July 27th. They issued a "market perform" rating for the company. Piper Sandler dropped their price target on Lilium from $15.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Lilium currently has a consensus rating of "Hold" and an average price target of $10.77.

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Lilium Trading Down 2.2 %

The firm has a 50-day moving average of $2.67 and a two-hundred day moving average of $3.11.

Hedge Funds Weigh In On Lilium

A number of hedge funds have recently made changes to their positions in LILM. Resources Investment Advisors LLC. acquired a new stake in Lilium during the second quarter worth approximately $26,000. Evoke Wealth LLC grew its position in shares of Lilium by 86.1% in the first quarter. Evoke Wealth LLC now owns 9,761 shares of the company's stock valued at $39,000 after purchasing an additional 4,516 shares in the last quarter. Manchester Capital Management LLC purchased a new position in shares of Lilium in the first quarter valued at $54,000. LPL Financial LLC purchased a new position in Lilium during the second quarter worth about $64,000. Finally, UBS Group AG grew its position in Lilium by 250.5% during the first quarter. UBS Group AG now owns 19,556 shares of the company's stock worth $78,000 after buying an additional 13,977 shares in the last quarter. 12.19% of the stock is currently owned by institutional investors.

About Lilium

(Get Rating)

Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts 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.

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