Lilium (NASDAQ:LILM – Get Rating) traded down 6.8% on Monday . The stock traded as low as $2.03 and last traded at $2.05. 33,751 shares traded hands during trading, a decline of 98% from the average session volume of 1,545,469 shares. The stock had previously closed at $2.20.
Wall Street Analyst Weigh In
LILM has been the subject of a number of analyst reports. Piper Sandler lowered their price target on Lilium from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, August 30th. Raymond James began coverage on shares of Lilium in a report on Wednesday, July 27th. They issued a "market perform" rating for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.77.
Get Lilium alerts:Lilium Stock Down 7.3 %
The company's 50 day moving average is $2.58 and its 200 day moving average is $2.97.
Institutional Trading of Lilium
Several institutional investors and hedge funds have recently modified their holdings of the stock. Evoke Wealth LLC increased its holdings in Lilium by 86.1% during the 1st quarter. Evoke Wealth LLC now owns 9,761 shares of the company's stock worth $39,000 after purchasing an additional 4,516 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Lilium by 29.0% during the second quarter. Goldman Sachs Group Inc. now owns 34,335 shares of the company's stock valued at $81,000 after buying an additional 7,723 shares during the period. Resources Investment Advisors LLC. bought a new stake in shares of Lilium in the second quarter valued at about $26,000. Manchester Capital Management LLC purchased a new stake in Lilium in the first quarter worth about $54,000. Finally, Advisor Group Holdings Inc. grew its holdings in Lilium by 126.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 24,775 shares of the company's stock worth $98,000 after acquiring an additional 13,820 shares in the last quarter. Institutional investors own 12.19% of the company's stock.Lilium Company Profile
(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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- Get a free copy of the StockNews.com research report on Lilium (LILM)
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